Are you currently enrolled in a University? Avail Student Discount 

NextSprints
NextSprints Icon NextSprints Logo
⌘K
Product Design

Master the art of designing products

Product Improvement

Identify scope for excellence

Product Success Metrics

Learn how to define success of product

Product Root Cause Analysis

Ace root cause problem solving

Product Trade-Off

Navigate trade-offs decisions like a pro

All Questions

Explore all questions

Meta (Facebook) PM Interview Course

Crack Meta’s PM interviews confidently

Amazon PM Interview Course

Master Amazon’s leadership principles

Apple PM Interview Course

Prepare to innovate at Apple

Google PM Interview Course

Excel in Google’s structured interviews

Microsoft PM Interview Course

Ace Microsoft’s product vision tests

1:1 PM Coaching

Get your skills tested by an expert PM

Resume Review

Narrate impactful stories via resume

Affiliate Program

Earn money by referring new users

Join as a Mentor

Join as a mentor and help community

Join as a Coach

Join as a coach and guide PMs

For Universities

Empower your career services

Pricing
Product Management Root Cause Analysis Question: Investigating increased money transfer time for SnapScan app

Why has the average time to complete a money transfer on SnapScan increased from 10 seconds to 25 seconds over the past two weeks?

Problem Solving Data Analysis Technical Understanding Fintech Mobile Payments Digital Banking
User Experience Data Analysis Fintech Performance Optimization Root Cause Analysis

Introduction

The recent increase in average money transfer time on SnapScan from 10 to 25 seconds is a critical issue that demands immediate attention. This significant performance degradation could impact user satisfaction, retention, and overall product success. I'll approach this problem systematically, focusing on identifying the root cause, validating hypotheses, and developing both short-term fixes and long-term solutions.

Framework overview

This analysis follows a structured approach covering issue identification, hypothesis generation, validation, and solution development.

Step 1

Clarifying Questions (3 minutes)

  • Looking at the timing, I'm thinking there might have been a recent product update. Has there been any significant change to the SnapScan app or backend systems in the past month?

Why it matters: Recent changes could directly correlate with the performance issue. Expected answer: Yes, there was a security update two weeks ago. Impact on approach: If confirmed, I'd focus on investigating the impact of this update.

  • Considering user segments, I'm curious about the distribution of this issue. Is the increased transfer time consistent across all user segments, or are certain groups more affected?

Why it matters: Helps narrow down potential causes and target solutions. Expected answer: The issue is more pronounced for users with older device models. Impact on approach: I'd investigate device-specific optimizations and backwards compatibility.

  • Given the specific increase from 10 to 25 seconds, I'm wondering about the nature of the slowdown. Is the delay occurring at a particular step in the transfer process?

Why it matters: Pinpoints where in the user journey the problem is occurring. Expected answer: The delay is primarily during the transaction confirmation step. Impact on approach: I'd focus on optimizing the confirmation process and related backend operations.

  • Thinking about external factors, has there been any change in network providers or payment processing partners recently?

Why it matters: External dependencies could be causing the slowdown. Expected answer: No significant changes in external partnerships. Impact on approach: I'd shift focus to internal systems and recent code changes.

Subscribe to access the full answer

Monthly Plan

The perfect plan for PMs who are in the final leg of their interview preparation

$99 /month

(Billed monthly)
  • Access to 8,000+ PM Questions
  • 10 AI resume reviews credits
  • Access to company guides
  • Basic email support
  • Access to community Q&A
Most Popular - 67% Off

Yearly Plan

The ultimate plan for aspiring PMs, SPMs and those preparing for big-tech

$99 $33 /month

(Billed annually)
  • Everything in monthly plan
  • Priority queue for AI resume review
  • Monthly/Weekly newsletters
  • Access to premium features
  • Priority response to requested question
Leaving NextSprints Your about to visit the following url Invalid URL

Loading...
Comments


Comment created.
Please login to comment !