Skills Glossary - Product Management
Download Skills Glossary
Skill | Definition |
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Agile Methodologies | Delivers a project throughout its life cycle in an iterative approach, taking incremental steps towards the completion of the project. |
Backlog Management | Prioritises and organises the list of tasks derived from the roadmap and its requirements so the development team knows what to deliver first. |
Business Strategy | Outlines actions and decisions a company plans to take to reach its goals and objectives. |
Competitor Intelligence | Gathers, analyses and interprets information about the strengths and weaknesses of a company’s competitors. Involves understanding market trends, identifying opportunities and threats, and using data-driven insights to make informed business decisions. |
Cross-Functional Collaboration | Works effectively with colleagues from different disciplines or areas of expertise to achieve a common goal. |
Customer Experience Management | Designs and reacts to customer interactions to meet or exceed customer expectations and increase customer satisfaction, loyalty and advocacy. |
Data Analysis | Measures and manages organisation data, identifying methodological best practices and conducting statistical analyses. |
Design Thinking | Uses a structured process of ideation, prototyping, and testing to create innovative solutions that meet user needs and drive business value. |
Feature Definition | Identifies, analyses and specifies the specific characteristics and functionalities of a product that will meet the needs and expectations of the target market. |
Feature Prioritisation | Determines which features or functionalities should be developed and released first based on their potential value to the customer and business. |
Go-To-Market Strategy | Develops and executes a plan to introduce and sell a product or service effectively including activities to understand the market, create a competitive advantage, and implement the right tactics to drive customer acquisition and revenue growth. |
Product Management | Leads the entire lifecycle of a product, from ideation to launch and beyond. |
Product Roadmapping | Maps out the vision and strategic objectives for a product in a visual way, making it easier for development teams to share and collaborate. |
Product Strategy | Defines the vision and direction for a product, based on a deep understanding of customer needs, market trends, and business goals. |
Prototyping | Builds an early sample, model, or release of a product for the purpose of testing a concept or process. |
Regulatory Compliance | Ensures an organisation's adherence to laws, regulations, guidelines and specifications relevant to its business processes. |
Resource Management | Acquires, allocates and manages resources in the most efficient and effective manner. |
Social Listening | Understands the online conversation about a company or brand, as well as its products and services. |
Stakeholder Management | Organises, monitors, and improves relationships with stakeholders. |
User Research | Creates an understanding of user behaviours, needs, and motivations through observation techniques, task analysis, and other feedback methodologies. |