Product Manager Responsibilities — One Pager

Product Managers are responsible for the success of a product that supports overall company strategy and goals. To build a successful product, a Product Manager has to find a sweet spot between “Building the right product” and “Building the product right”.

In order to achieve that, a Product Manager needs to find a balance between UX, Technology and Business by making hard design decisions and trade-offs.

Responsibilities

• Define product vision, strategy and roadmap
• Prioritization of features and trade-offs based on effort and business impact
• Collaborate with the engineering manager/team to plan sprints and monitor the product development progress.
• Manage and communicate product feature releases
• Define, monitor and optimise KPIs/metrics
• Analyse data for meaningful and actionable insights
• Build hypothesis from data and make further product strategies accordingly
• Conduct market/user research to build right product features
• Build great understanding of market and customer needs
• Collect feedback from users and improve the product
• Data informed decision making
• Act as an advocate to the user/customer needs
• Act as product leader within the company
• Collaborate with design, UI/UX teams to develop product designs
• Manage the development lifecycle from ideation till launch
• Manage the product through entire product lifecycle
• Monitor market and competitors to stay ahead of the competition
• Inspire entire team towards product/business goals
• Resolve conflicts within/across teams
• Communicate effectively with stakeholders and relevant participants
• Cross-functional collaboration between Engineering, Designs, Analytics, Sales, Brand, Marketing, Operations and Customer Support teams to ensure business goals are met.

While Product Management is a varied and versatile role, the above listed one-liners cover the 360 degree spectrum. Each of which can be further detailed out and need to be mastered in order to succeed.