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This method also emphasizes the importance of analyzing and capturing data to guide decision-making and increase performance.<br><br>The Pragmatic Framework is a comprehensive product management strategy that allows companies to design products for their customers and create an articulation of their value proposition. The framework guides every aspect of product management and development, including market research and product roadmaps. It also helps companies manage the product life cycle by reviewing and improving customer satisfaction, profitability of the product and market potential.<br><br>The management of a product from its inception to end-of-life requires substantial estimates and projections, particularly for complex projects. If a company is overly confident or receives incorrect market information, it may spend a lot of money on an item that doesn't provide value. 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