Product manager

Product manager

A product manager researches, selects, develops, and places a company's products.

A product manager considers numerous factors such as target demographic, the products offered by the competition, and how well the product fits in with the company's business model. Generally, a product manager manages one or more tangible products. However, the term may be used to describe a person who manages intangible products, such as music, information, and services.

A product manager's role in tangible goods industries is similar to a program director's role in service industries.

Diverse interpretations regarding the role of the product manager are the norm. The product manager title is often used in many ways to describe drastically different duties and responsibilities. Even within the high-tech industry where product management is better defined, the product manager's job description varies widely among companies. This is due to tradition and intuitive interpretations by different individuals.

In the financial services industry (banking, insurance etc.), product managers manage products (for example, credit card portfolios), their profit and loss, and also determine the business development strategy.

In some companies, the product manager also acts as a:
* Product marketing manager — may perform all outbound marketing activities
* Project manager — may perform all activities related to schedule and resource management
* Program manager — may perform activities related to schedule, resource, and cross-functional execution

Software product manager

A typical software product manager is responsible for eliciting software requirements using a Marketing Requirements Document (MRD) developed by the product planning/marketing team and developing a high level Product Requirements Document (PRD) and an elaborate Software Requirements Specification (SRS) for the software engineering/development organization for subsequent design, development, and testing activities. In most organizations, the software product manager is responsible for creating User Acceptance Test (UAT) procedures, facilitating UAT sessions with end-users, and ensuring that the product meets the specifications and is deployed successfully.

See also

*Program director
*Collaborative Product Development
*New product development
*Product management
*Product planning
*Product marketing
*Marketing requirements document
*Market requirement

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  • product manager — {{#}}{{LM P31753}}{{〓}} {{[}}product manager{{]}} {{■}}(ing.){{□}} {{《}}▍ s.{{》}} → {{↑}}jefe de producto{{↓}}. {{★}}{{\}}PRONUNCIACIÓN:{{/}} [pródokt mánayer]. {{★}}{{\}}ORTOGRAFÍA:{{/}} Por ser un extranjerismo debe escribirse con cursiva u… …   Diccionario de uso del español actual con sinónimos y antónimos

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  • product manager — /ˌprɒdʌkt mænɪdʒə/ noun the manager or executive responsible for the marketing of a particular product ● To co ordinate the selling of our entire range we need more consultation between product managers …   Marketing dictionary in english

  • product manager — pro·duct ma·na·ger loc.s.m. e f.inv. ES ingl. {{wmetafile0}} dirigente d azienda responsabile della promozione e della vendita di un prodotto (sigla PM) {{line}} {{/line}} DATA: 1983. ETIMO: comp. di product prodotto e manager amministratore …   Dizionario italiano

  • product manager — See brand manager …   Big dictionary of business and management

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  • Product management — is an organizational function within a company dealing with the planning or marketing of a product or products at all stages of the product lifecycle. Product planning (in bound marketing) and product marketing (outbound marketing) are different… …   Wikipedia

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