Job Description (JD) for a Product Manager

What is product management?

Product management is an organizational function that guides the complete product life-cycle, and it is the function that assumes the responsibility for making the link between the company strategy and the needs of users using the products. It includes all the stages that come between the making, selling, and maintenance of the product. Product management is also important for companies to accomplish their strategic goals and solve the problems and needs of their clients. To perform product/project management tasks, companies nowadays hire project and product managers, whose main task is to look after the complete life cycle of a product or line of products. And the main task of the product management cycle is to launch the product and make sure that it meets the requirements of the client or the customer.

Who is a Product Manager?

A product manager is a person who is responsible for managing the roadmap of any product from creation to execution by focusing on what the customer actually wants. A product manager is one who is always responsible for the success or failure of the product. Some of the tasks involved in this process include creating product strategies, distributing, conducting market research, analyzing competitors, interpreting data, marketing, selling, identifying problems, and obtaining feedback on a specific product or service.

In software companies, a product manager is always expected to have good experience solving DSA (data structure and algorithm) problems and good knowledge about maintaining databases. A product manager is the one who defines the product vision and makes sure that the product supports the company’s overall goals.

He is one who is completely responsible for a product’s success and should have a good idea about how the product is being built and how much amount of time is required to build the product. Since a product manager manages the product’s lifecycle and leads a team of an associate project manager and technical associates, an associate product manager, a marketing analyst, a data analyst, and many more, they are always expected to have the following skills:

• Planning: A product manager is the one who is responsible for making a plan that would be helpful for the team to achieve the target within time. It includes all the things that come under the planning phase, like the scope of the product and the necessary resources that are there, including the budget and the timeline under which the project needs to be completed.
• Market understanding: Since the product manager leads various teams, they should have great knowledge about the market, as the product manager is always expected to know the market standards and how to engage with the customers regarding their product’s success.
• Value maximization: The product manager is responsible for maximizing the value of the product through marketing, and the value is measured using various factors like revenue generated, customer satisfaction, and product sale or usage.
• Product representative: The product manager is responsible for introducing the product to the stakeholders and customers to increase revenue generation and product value.
• Strategic prioritization: A product manager strategizes priorities related to product development, product release, and maintenance and is also responsible for regular updates related to the product on the basis of customer feedback and market research activities.
• Long-term vision: A product manager is not just focused on today’s or tomorrow’s tasks; their main focus should always be a long-term roadmap and product management that helps the organization grow.
• Good written and verbal communication skills: The product managers should be very good communicators with excellent written and verbal communication skills, as they have to communicate regularly with the clients and cross-functional teams regarding product feedback and progress.
• Good organizational and leadership skills: A good product manager is always expected to have great leadership skills as during the product management cycle, they have to look after multiple teams and manage and direct them to achieve organizational goals.

Job Description for a Product Manager

About the company: ABC is currently looking for a product manager who will be responsible for maintaining the product life-cycle and will have to work with the cross-functional teams for the product’s success. If you think that you have command over data structure and algorithms along with good managerial skills, you will be our choice to go.

Designation: Product Manager

Educational Qualification: BTech/MTech (CS/IT)/MBA

Required Experience: 3-5+ years of relevant experience

Salary: Negotiable

Role and Responsibilities

• You will have to identify and understand user needs, and you will be responsible for preparing, executing, designing, building, and maintaining the product through the entire product lifecycle.
• You will be responsible for conducting market research for customer requirements, defining the vision for a product, analyzing competitors, interpreting data, and monitoring throughout the product lifecycle.
• You will be responsible for leading a cross-functional team.
• You will be responsible for coordinating all the plans related to product development with the clients, the product owner, and the teams.
• You will be responsible for identifying the key benefits and value of the products.
• You will be responsible for identifying client problems and resolving them with a strategy that meets the customer’s needs and business requirements.
• You will be responsible for generating, developing, and selecting new ideas for a product’s success.
• You will be responsible for proposing the product’s overall budget for the product’s and the company’s success.
• You will be responsible for managing the product’s timely release and timely updates and maintenance.
• You will be responsible for building effective software along with our team and adding collaborative features to the product for clients and stakeholders to ask questions, leave comments, or make notes about the product.

Requirements

• Must have a Bachelor’s or Master’s degree in Computer Science, Engineering or a related field.
• Must have 3+ years of work experience in product management.
• Must have good technical product handling experience along with hands-on experience in software development and web technologies.
• They should be aware of the latest technologies and technology-related news, have experience in team management, have excellent communication skills, and have a working knowledge of the tech products, which would be a plus.
• Must have good multi-tasking skills.
• You must have good experience handling customers and resolving their problems by providing them satisfaction with the product experience.
• Must have good programming skills and knowledge of data structures and algorithms along with good knowledge of databases.

Desired skills

• Active listening skills
• Good verbal and written communication skills
• Good analytical skills
• Management skills

Benefits

• Meals during office hours
• Health Insurance
• Flexible working hours
• Better work-life balance
• Casual dress code

Work Location: Noida (Sector- 136)

If you are a product manager, it is not an easy task as it takes a lot of effort to do this job because as a product manager, you have to communicate with many team members with different skills. You should always try to improve your skills in planning, building, and maintaining the product through the complete product lifecycle. The product manager has to focus on the bigger picture of what needs to be done for achieving the products and the organizational goals, while project management is responsible for overseeing the day-to-day execution of tasks. Since product management is not an operational task, it requires a strategic person responsible for making the strategies for the overall success of the product. A product manager should always create ideas to develop a product that can help the company increase its value, and they must add features to the product where the clients or the customers can add their comments or valuable feedback so that the company could work on their product and improve their strategies. Product management is not at all an easy task, as the most important qualities to perform this task are time management, cost management, and quality management, and if you have all these, you can easily lead the projects and teams to attain success.