This is the second article in the PM 101 Series.
In the previous article we explained what a Product is and narrowed it down to our context; the digital Space.
In this article we will answer 2 major questions;
- What is Product Management?
- Who is a Product Manager?
Let’s get straight to business.
What is Product Management?
Product management is the business process of planning, developing, launching, and managing a product or service. It includes the entire lifecycle of a product, from ideation to development to go to market.
Simply put, Product Management is the series of activities that individuals and organizations engage in from the moment a Product Idea is conceived to the time the Product becomes a tangible valuable entity in the hands of the customers and even beyond that.
Now let’s attempt to explain Who a Product Manager is.
According to Atlassian,
A product manager is the person who identifies the customer need and the larger business objectives that a product or feature will fulfill, articulates what success looks like for a product, and rallies a team to turn that vision into a reality.
In reality, the identification of customer need or a potential opportunity can come from anywhere (CEO, Management, Board Members, even the Janitor).
However, after that Customer need or opportunity is identified, somebody must be responsible for fine tuning it and bringing it into reality.
That person is the Product Manager.
In the Digital/Software Space, the Product Manager stands at the intersection of the Customer, the Business/Organization and the Technologies that the product is developed with.
The Product Manager interfaces with every party and stakeholder involved in taking the Product from idea stage to market.
Now that You have an idea of what Product Management is and who is a Product Manager is.
In the next article, we will go deeper and explain some of the activities that Product Managers are in engaged in on a daily basis.
I will see You in the next article.
Follow this hashtag #productmanagement101withSeunOgunmola to read the entire articles in this series
I am Seun Ogunmola I help People and Organizations to leverage on Technology to achieve their goals Faster, Easier and Cheaper.
I also write on diverse subject areas including Finance, Business, Productivity and Governance.