6 hard skills or competencies (industry competencies) for Product Development Manager
Skill definition-Analyzing economic, technical, and legal considerations to determine the cost and risks of projects.
Level 1 Behaviors
(General Familiarity)
Describes the process of generating feasibility questionnaires.
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Level 2 Behaviors
(Light Experience)
Collects information and documentation for a proposed study to help determine feasibility.
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Level 3 Behaviors
(Moderate Experience)
Handles the design of the feasibility questionnaires for studies.
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Level 4 Behaviors
(Extensive Experience)
Facilitates feasibility activities to design and present recommendations within defined timelines.
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Level 5 Behaviors
(Mastery)
Creates a catalog of factors that warrant the need for carrying out a feasibility study.
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Skill definition-Creating, reviewing, and implementing engineering change requests, orders, and notifications.
Level 1 Behaviors
(General Familiarity)
Explains the effects of the uncoordinated implementation of engineering change management on the overall business.
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Level 2 Behaviors
(Light Experience)
Maintains and reports engineering data change management and version control documents.
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Level 3 Behaviors
(Moderate Experience)
Participates in testing engineering changes to ensure product functionality.
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Level 4 Behaviors
(Extensive Experience)
Manages engineering product or process changes to determine the affected areas within the business operations.
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Level 5 Behaviors
(Mastery)
Explains provisions for configuration identification, change control and configuration audits.
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3 general skills or competencies (Job family competencies) for Product Development Manager
Skill definition-Gathering information about a business's potential customers to determine the feasibility of a new product or service.
Level 1 Behaviors
(General Familiarity)
Documents most used marketing research methodologies and strategies.
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Level 2 Behaviors
(Light Experience)
Conducts market research to support the execution of new product initiatives.
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Level 3 Behaviors
(Moderate Experience)
Generates questionnaires, surveys, and other data collection resources.
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Level 4 Behaviors
(Extensive Experience)
Guides the team in reviewing changes to the marketplace and adjusts our marketing plans accordingly.
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Level 5 Behaviors
(Mastery)
Champions the adoption of advanced techniques and tools in enhancing marketing research processes.
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Skill definition-Overseeing the creation of new products or improvement of the performance, cost, or quality of existing products to achieve business goals.
Level 1 Behaviors
(General Familiarity)
Lists the processes in creating a product development plan.
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Level 2 Behaviors
(Light Experience)
Gathers relevant data to assist leaders with idea generation and new product brainstorming.
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Level 3 Behaviors
(Moderate Experience)
Performs product and market analysis to identify the need for product enhancement.
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Level 4 Behaviors
(Extensive Experience)
Oversees the execution phase, including finding defects or further changes to the new product.
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Level 5 Behaviors
(Mastery)
Oversees the transformation of consumer needs to product benefits and specifications.
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14 soft skills or competencies (core competencies) for Product Development Manager
Skill definition-Insight into our organization's business, goals, and values. Ability to design and implement initiatives that facilitate successful outcomes.
Level 1 Behaviors
(General Familiarity)
Names our key stakeholders from a business value chain perspective.
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Level 2 Behaviors
(Light Experience)
Supports the planning, implementation, and management of training programs that foster process improvements.
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Level 3 Behaviors
(Moderate Experience)
Participates in the redesign of organizational structures to reflect business priorities.
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Level 4 Behaviors
(Extensive Experience)
Trains others on various business and operation topics.
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Level 5 Behaviors
(Mastery)
Forecasts the short-term and long-term impact of various business cases on P&L performance.
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Skill definition-Applying specific policies, tools and practices to plan and prepare projected revenues, expenses, cash flows, and capital expenditures.
Level 1 Behaviors
(General Familiarity)
Lists the elements and the steps on how to conduct budgeting.
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Level 2 Behaviors
(Light Experience)
Tracks and reports financial inefficiencies to ensure smooth functioning of our budgeting processes.
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Level 3 Behaviors
(Moderate Experience)
Works with senior management in creating appropriate budget amounts.
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Level 4 Behaviors
(Extensive Experience)
Recommends alternative budgeting strategies for resolving budgeting issues in our workplace.
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Level 5 Behaviors
(Mastery)
Introduces technologies, policies, and programs for more effective budget management.
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Summary of Product Development Manager skills and competencies
There are 6 hard skills for Product Development Manager, Feasibility Study, Engineering Change Management, Value Engineering, etc.
3 general skills for Product Development Manager, Market Research, Product Development, Product Marketing.
14 soft skills for Product Development Manager, Business Acumen, Budgeting, Planning and Organizing, etc.
While the list totals 23 distinct skills, it's important to note that not all are required to be mastered to the same degree. Some skills may only need a basic understanding, whereas others demand a higher level of expertise.
For instance, as a Product Development Manager, he or she needs to be proficient in Business Acumen, be proficient in Budgeting, and be skilled in Planning and Organizing.