![]() ![]() Much of product management relies on principles of project management. For a project manager, the success of a project is tied to timelines, budgets, and deliverables (did you deliver what you intended, on time and within budget?) Defining and tracking success metrics - For a product manager, it’s important to determine whether you achieved your desired result without compromising the feature’s return on investment. ![]() This mirrors how a project manager manages project resources It’s crucial for the product manager to use these resources wisely to deliver maximum value to customers. The art of resource allocation - Every product manager operates within a framework of available resources, such as the size of the development team.This requires determining dependencies, prioritizing activities, and communicating this in a plan Feature prioritization and roadmap planning - A product roadmap is fundamentally a project plan detailing what elements will be delivered and when.Running design sprints - A design sprint is essentially a mini-project that requires initiation, planning, communication, and delivery of results.When Harvard Business Review explored what it takes to become an exceptional product manager, they included among their list of core competencies: Product School defines product managers as individuals who bear “the responsibility for a product throughout its life cycle, from idea generation to post-launch evaluation.” This definition mirrors the one we provided earlier for project management. You might be thinking, “These are the skills needed for a project manager, but I am (or aspire to be) a product manager.” However, the reality is that many of the skills required to be a successful project manager overlap with those needed to excel as a product manager. Which project management skills does a product manager need? The table below lists hard and soft project management skills that can benefit project and product managers alike: PROJECT MANAGEMENT SKILLS These range from understanding various project management methodologies and managing risk to problem solving and team management. Like any role, success in project management requires a combination of hard and soft skills. They will understand the parties involved and the scope of work, bring together different areas of expertise to define deliverables within an agreed timeline and budget, maintain oversight over activities to ensure deliverables and constraints are met, and communicate progress to all stakeholders until the integration is complete. ![]() These skills encompass initiating a project, planning its execution, and then carrying out that plan, which involves communication, organization, and leadership.įor instance, when an organization decides to integrate a new customer relationship management (CRM) system into their website, a project manager will be involved from the beginning. Project management skills are those required to effectively coordinate the delivery of a project from its inception to completion. Why is this the case, and should all product managers acquire the skills of a project manager? What are project management skills? ![]() The most common route was from project manager to product manager. In 2019, the Product Management Festival conducted research that included an analysis of the roles product managers were performing immediately before they transitioned into product management. ![]()
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