This is a question that is asked a lot in a regulated environment. It has different meanings in different situations. For the Product Manager of commercial software it is a question of how much feature function can I get into my product in the next release cycle. For the in-house, bespoke system Product Manager the question becomes what is the right release cadence to service my business. These situations face the same factors and getting them wrong can be disastrous to both.
We are regulated to ensure that we construct systems in a responsible way and can demonstrate that with clearly defined processes and documented evidence. These processes and documented evidence come at a hefty price. For the commercial software Product Manager this means that there is less feature function for the next release as resources are burned following, and documenting the necessary processes and outcomes.