Product Manager 101: with What Does A Product Manager Actually Do?

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Product Manager 101: What Does A Product Manager Actually Do?
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Presentation transcript:

Product Manager 101: with What Does A Product Manager Actually Do? Christopher Cummings Senior Product Manager Lycos Christopher.cummings@lycos-inc.com

Welcome Webinar Attendees 1. Viewer Window 2. Control Panel Your GoToWebinar Attendee Viewer is made of 2 parts: Type your question here

Product Manager 101: with What Does A Product Manager Actually Do? Christopher Cummings Senior Product Manager Lycos christophercummings@yahoo.com

Product Manager 101: What Does A Product Manager Actually Do? Presented by Christopher Cummings http://www.christophercummings.com

What Is A Product Manager? "A Product Manager fills in the gaps between different functions and departments in order to make sure that the product develops and makes progress, with the aim of making the product perform better relative to the competition." - Jacques Murphy Gaps can occur between... Development & Direction Sales & Reality Revenue & Profit Managing & Doing

What Does A Product Manager Do? No, seriously. What does a Product Manager actually do?

Understands The Market Communicates with customers & prospective customers Conducts usability tests Surveys Keeps an ongoing record of compliments/complaints Actually uses the product regularly

Develops Market-Based Product Strategies Research, research, research Is aware of, and understands, the competition... ... but is not just slavishly copying their feature sets Don’t feed The Blob by creating bloatware!

Creates Relevant, Usable Documentation BRD: Business Requirements Document - Identifies business problems, solutions MRD: Market Requirements Document - Functional, non-functional requirements PRD: Product Requirements Document - Feature details, user interface, flow FSD: Functional Specifications Document - Engineers, screen by screen Note: Not every company uses these acronyms--or docs--in the same way! Image source: http://www.library.cornell.edu/olinuris/ref/eng185dwb.html

Brings Products Into The Market Your job is to meet market demands and actually make it to market Realize that pioneering doesn’t always pay… But understand the importance of not falling behind the curve Timing is crucial Examples: Xerox’s Star computer (’81), Lycos TV (’99) Image source: http://www.ioffer.com/selling/daylily120

Develops Customer Relationships The Means... The 5-C Method... Face to face Clear, not jargon Email Concise, not convoluted Blog Confident, not weasel words Telephone Courteous Social networks Completely understands the issue Image source: http://www.relenet.com/ Image source: http://www.nytimes.com/slideshow/2008/01/04/nytfrontpage/20070104POD_index.html

Bridges Every Department That Touches Product Sales Marketing Communications Engineering Design Customer Service QA Operations

The Product Manager’s Role: To Avoid This

What Else Does A Product Manager Do? Manages the brand Generates sales leads Responsible for the profit & loss of the product Brings new products to life... maximizes profits in existing products... winds down unsuccessful products Champions the product, internally and externally

In 20 Words Or Less? The Product Manager is the glue that binds the team together and the grease that keeps the product moving in the right direction.

Bonus! 5 Tips For Success Don’t define HOW things are done; focus on WHAT needs to happen and WHEN Ask targeted questions, challenge assumptions, gather useful data Leverage the knowledge of experts inside and outside the company Shield your development team from the slings and arrows of outrageous demands Don’t be all talk--be ready to jump into the fray and lend a helping hand

Resources How To Be A Good Product Manager: http://www.goodproductmanager.com/ Pragmatic Marketing: http://www.pragmaticmarketing.com/ All About Product Management: http://allaboutproductmanagement.blogspot.com/ The Cranky Product Manager: http://crankypm.com/ Marketing Charts: http://www.marketingcharts.com

Product Manager 101: with What Does A Product Manager Actually Do? Christopher Cummings Senior Product Manager Lycos christophercummings@yahoo.com