As a New Product Manager, here are 15 things You should pay attention to.
1. Understand the company’s overall strategy, vision, and goals.
2. Know the target market and the customer’s needs and preferences.
3. Familiarize yourself with the product and its features, benefits, and limitations.
4.Develop a deep understanding of the competition and their products.
5. Identify and prioritize product features and enhancements based on market demand, customer feedback, and business goals.
6. Create and maintain a product roadmap to guide the product development process.
7. Collaborate with cross-functional teams, including engineers, designers, marketers, and sales teams, to ensure successful product delivery.
8. Have strong communication skills to effectively communicate product vision, goals, and progress to stakeholders, team members, and customers.
9. Conduct market research and competitive analysis to inform product development decisions.
10. Continuously monitor and analyze product performance and usage data to identify areas for improvement and future product opportunities.
11. Understand the product development lifecycle and different development methodologies, such as Agile and Waterfall.
12. Have a basic understanding of technical concepts and software development processes.
13. Develop and manage a product budget and business plan.
14. Be comfortable with making data-driven decisions.
15. Be open to feedback and be willing to pivot or adjust the product strategy as needed.
#product #productmanager #productmanagement #agile #scrum #software #softwaredevelopment
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.