Project Discovery Steps
Below, you will see the steps of product discovery usually implemented by our team. But if you need a personalized approach, we will adjust the project discovery phase to your specific needs.
Setting up the requirements
We discuss the requirements for product discovery and dive into your business case. Our product managers study the competition, conduct user research, review customer feedback and customer interviews, analyze business peculiarities, etc.
Implementing your goals in a potential solution
Forbytes suggests a software solution to meet your needs and goals. We discuss its relevance, functions, specifics, and your preferences. Product discovery goes on.
Overviewing the strategy
Our team overviews the plan for product delivery together with you. We consider all your remarks and come up with a data-driven product strategy.
Planning out the project scope
Based on your budget and deadlines, you get a full picture of the project workflow with clear timeframes and measurable success metrics. We suggest the composition of the product team and the necessary skill set.
Validating the concept
We introduce changes, improvements, and adjustments you suggest. Then we validate the concept and make sure that all your needs are heard.
The project is ready to start
Why to Start with Product Discovery
Stay on the safe side
IT projects exceed their budget at 45%. Project discovery prevents such situations from happening, giving you a clear understanding of the project scope.
Get a clear plan
Lack of clear planning is one of the top 5 reasons projects miss deadlines. The discovery process allows for step-by-step project planning.
Make informed decisions
42% of small businesses are closing because there is no demand for their product. With product discovery, you invest only in relevant solutions.
Get data on your product
75% of professionals expect their projects to fail. Product discovery prevents failures and keeps your money safe.
Project Discovery Example
This is one of the project discovery cases we’ve worked on. Our task was to develop a digital transformation strategy for Stenströms, a Swedish fashion brand with a proud history. Here is what we have done:
1. Set up the goals and expectations for a project
Together with Stenströms, we analyzed their business case, synthesized the gained information, and came up with a plan for digital transformation.1
2. Suggested a solution that could solve their pains
We suggested building a system for information flow, exchange, and management. It was aimed to increase the efficiency of order fulfillment.2
3. Conducted a strategic audit
Once again, we reviewed the strategy. We made sure that the suggested solution would meet the business goals of Stenströms and solve their challenges.3
4. Prepared documentation
Stenströms got a clear understanding of the project structure. We agreed upon the scope, budget, deadlines, team composition, and skillset.4
5. Created a prototype
The prototype gave Stenströms an idea of what the product would look like and how people would use it. After the approval, we were ready to start.5
Here’s How We Add Value
Look to the future
At the discovery stage, Forbytes considers not only your specific goals for the project but also the long-term impact your product will bring. We will not let you spend money on a solution today if it will become useless tomorrow.
Strong soft skills
Communication plays a huge role in the discovery. Our product team will communicate with you at each step to learn as much as possible about your vision, expectations, goals, challenges, and risks.
We do not give you an opinion on what your project should look like. We provide you with facts, data, and research. Our team believes that there is no place for bias when it comes to investing in software development.
Why to go through the project discovery stage instead of starting my project right now?
You can skip the product discovery process and move to the project realization in case you are confident of your idea and set clear data-driven requirements. Otherwise, you face the risk of investing a large sum of money into the development that will bring little success. Before rushing into the development, you should know what client pains you will satisfy and how. After all, doing for the sake of doing is too risky.
The project discovery phase shows that my project idea will fail. What's then?
A reliable partner will not leave you alone with your idea. If the discovery phase of a project shows too many risks, experienced business analysts involved in this stage will help you adjust your goals to market needs and trends. Or, they can suggest building a minimum viable product to test your idea.
What types of projects benefit from project discovery?
Project discovery works best for startups with unique ideas. When a startupper decides to go through the process of discovery, they receive data on the relevance of their idea to their audience. The product discovery process is also useful for big enterprises that are going to invest significant sums into a digital product. They have to be sure that they’ll build the right solution with the right functions. Otherwise, their software product may turn out to be useless, inconvenient, or ineffective.