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Skills Glossary - Product Management

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Skill
Definition

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.