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From startups to legacy brands, you're making your mark. We're here to help.
Serving the world's largest corporate clients and institutional investors, we support the entire investment cycle with market-leading research, analytics, execution and investor services.
Your partner for commerce, receivables, cross-currency, working capital, blockchain, liquidity and more.
Prepare for future growth with customized loan services, succession planning and capital for business equipment.
Providing investment banking solutions, including mergers and acquisitions, capital raising and risk management, for a broad range of corporations, institutions and governments.
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Whether you want to invest on you own or work with an advisor to design a personalized investment strategy, we have opportunities for every investor.
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By Robert Schlaff, Product Manager, and Joshua Feldman, Head of Product Tooling Engineering, Chief Technology Office
Technology teams have many complex processes and many tools to support these processes. The teams that build these tools are excited to release them. However, when they’re released to employees, they’re often met with questions like: “Why should I adopt to yet another product?” “How will this new tool help me?” “Where will I find the time to learn your product and train others to use it?”
Yet, as product managers we hear: “Can you build another one just like this?” “It’s very easy to use, and I love it!”
How do we get these reactions? Instead of focusing on specific use cases for the business or lines of code released, we focus on end-customer needs. We are devoted to our internal customers in the same way a consumer technology product manager is. Users love our products, because we solve their most pressing business problems and ensure a seamless customer experience.
Product managers at large companies get lots of ideas from lots of people in the form of emails and phone calls and elevator conversations. The requests they receive can range in their level of detail and, oftentimes, are duplicated. To keep track of these requests, product managers place them in a spreadsheet or on their Jira, making the platform too cumbersome to manage.
As managers in JPMorganChase’s Product Tooling organization, our team is responsible for the tools that enable product managers to get their jobs done more efficiently. Sometimes we find it useful to build products rather than buying something off the shelf to meet our needs, and often products we purchase must be adapted to fit into the JPMorganChase ecosystem. After doing significant analysis, many practitioners find it more cost effective and productive to build some critical tools themselves.
One of the tools in Product Tooling handles feature requests. We gather these needs by creating a standard format, which is very similar to a standard agile story, with questions like:
Previously, internal stakeholders focused on the what and the how. Product managers were faced with comments like, “I just signed a deal with a new customer, and they need us to support the XYZ file type.” Requests like this don’t give product managers the information they need to make decisions. They quickly can become overwhelmed with a pile of sticky notes, emails, and spreadsheets. Now, customers can capture all this information and prioritize the most important features.
By envisioning a product manager’s goals and what would be needed to accomplish them, we create a channel for internal stakeholders to tell us what they need and why. Then we refine, combine, and prioritize that work. This allows teams to gather more ideas and prioritize only the very best of them. As co-founder and former Apple CEO Steve Jobs said, “Focus means saying no to the hundred other good ideas that there are. You have to pick carefully. I'm actually as proud of the things we haven't done as the things I have done. Innovation is saying no to 1,000 things.”
These products enable product managers to collaborate with their customers in an effective way and manage their product backlog at JPMorganChase. We’ve heard from employees about how helpful this tool has become in managing Jira backlog or feature requests, enhancing their experience as product owners.
We’ve learned that in order to build a great product, we needed to do the following:
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