Estimate the total number of Uber Rides - My PM Interview
Product Management Interview Question: Guess estimate the total number of Uber Rides
Product Estimation questions are frequently asked by interviewers in product management interviews, to check your ability to estimate metrics (such as revenue, cost, the number of users, etc.) of a product.
Guess-estimation becomes an important skill for a product manager when it comes to estimating the revenue of a product, the size of a new market, the cost of running a product, the revenue or growth potential of a new business opportunity and convincing stakeholders of a new product idea and its prioritization in the roadmap.
While answering, its important to
Communicate the estimation approach in a structured way while explaining.
Make sure the interviewer is on the same page with your calculations and approach.
Explain your assumptions and the rationale behind them.
Use an estimation tree, it allows you to explain your operations' logic first, then focuses solely on calculations.
Here is a step-by-step framework, you may follow while answering product estimation interview questions during your interview:
Ask clarifying questions to remove ambiguity and narrow the scope of the question.
Make an equation. based on the assumptions, edge cases, and data sources.
Break down the equation into components along with explaining your assumptions.
Calculate each component to solve the equation and find the result.
Do a sanity check of your equation, assumptions, and calculations.
To help you with your Product Manager interview preparations, we have compiled a complete list of the most asked Product Management Interview Questions and Answers at companies like Facebook, Google, Amazon, Microsoft, Netflix, etc. answered by PMs at FAANG.
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