Plans and directs all aspects of an organization's product development policies, objectives, and initiatives.
Oversees research for new products, product enhancements, and product redesign. Ensures that product development activities align with the goals of the organization. Makes recommendations on the potential and practicality of products in development.
Salary.com identifies five increasing levels of proficiency for each skill/competency. Some jobs require only a relatively low level of proficiency in each skill/competency, while other jobs will require a more advanced level of proficiency in the same skill/competency. These levels rate the degree of proficiency (skill level, expertise) we expect the incumbent to perform in the given skill/competency for the given job. Note that we intentionally do not associate timeframes or years of experience in performing the skill/competency because that can be misleading. Proficiency levels identify what the incumbent knows and can do rather than how long they have been doing it. Also, note that the proficiency levels are cumulative, e.g., a level 4 proficiency implies the ability to perform all the behaviors at the lower levels.
Check each Chief Product Development Officer skill and competencie below to view definitions.
Skill definition-Creating, reviewing, and implementing engineering change requests, orders, and notifications.
Level 1 Behaviors
(General Familiarity)
Cites the engineering principles and procedures in implementing changes to components or products.
Level 2 Behaviors
(Light Experience)
Assists in completing basic administrative tasks of engineering change management processes.
Level 3 Behaviors
(Moderate Experience)
Analyzes changes of product configuration to determine the effect on the product design.
Level 4 Behaviors
(Extensive Experience)
Coordinates with stakeholders regarding engineering change management to verify the status of process changes.
Level 5 Behaviors
(Mastery)
Builds engineering change and control databases and systems to management initiatives.
Skill definition-Analyzing a product’s features and materials during the design phase to reduce costs and increase functionality while maintaining consistent quality.
Level 1 Behaviors
(General Familiarity)
Cites new designs, processes, and sourced products for engineering testing.
Level 2 Behaviors
(Light Experience)
Assists management in the testing of new parts and equipment that will be used for engineering products.
Level 3 Behaviors
(Moderate Experience)
Analyzes the current materials and determine what can be used as a low-cost replacement.
Level 4 Behaviors
(Extensive Experience)
Designs integrated alternative value engineering ideas to lessen the cost of goods and services.
Level 5 Behaviors
(Mastery)
Champions the execution of value engineering activities in the pre-construction phase of projects.
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)
Cites the significance and risks of product development in improving our bottom-line.
Level 2 Behaviors
(Light Experience)
Assists the management in the conceptual development stage of product lines.
Level 3 Behaviors
(Moderate Experience)
Determines needed changes in product specifications based on the results of market research.
Level 4 Behaviors
(Extensive Experience)
Creates product development strategy to translate high-level direction into technical deliverables.
Level 5 Behaviors
(Mastery)
Approves and monitors the project calendar to ensure alignment of deliverables with schedules.
Skill definition-The conceptualization and design of new and rebranded goods and services to maintain and increase market share and consumer demand.
Level 1 Behaviors
(General Familiarity)
Cites the difference between product marketing and general marketing functions.
Level 2 Behaviors
(Light Experience)
Assists in generating content for product marketing materials.
Level 3 Behaviors
(Moderate Experience)
Analyzes product campaign data and results to identify the best product marketing tactics.
Level 4 Behaviors
(Extensive Experience)
Creates data-driven product marketing programs to generate and maximize new sales.
Level 5 Behaviors
(Mastery)
Creates product marketing strategies to drive increased sales and market expansion.
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)
Describes how our business makes money and our key business objectives.
Level 2 Behaviors
(Light Experience)
Assists in designing business models and operating plans.
Level 3 Behaviors
(Moderate Experience)
Analyses the business impact of demographic changes; suggests effective responses.
Level 4 Behaviors
(Extensive Experience)
Consults on the selection and adjustment of the go-to-market strategy.
Level 5 Behaviors
(Mastery)
Builds a mentoring model to ensure a continuous increase of business sense within our business.
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)
Compiles a list of basic issues and risks for conducting our budget processes.
Level 2 Behaviors
(Light Experience)
Applies established guidelines for conducting our budgeting processes.
Level 3 Behaviors
(Moderate Experience)
Communicates budget objectives and plans to help identify financial trends and create budget forecasts.
Level 4 Behaviors
(Extensive Experience)
Anticipates organizational income and expenses to make forecasts and develop budget plans.
Level 5 Behaviors
(Mastery)
Adapts relevant industry trends on techniques in financial budgeting in our organization.
There are 5 hard skills for Chief Product Development Officer, Engineering Change Management, Value Engineering, Product Engineering, etc.
2 general skills for Chief Product Development Officer, Product Development, Product Marketing.
12 soft skills for Chief Product Development Officer, Business Acumen, Budgeting, Goal Setting, etc.
While the list totals 19 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 Chief Product Development Officer, he or she needs to be skilled in Business Acumen, be skilled in Budgeting, and be skilled in Goal Setting.
