Skills & Competencies for Product Manager III

Product Manager III job profile

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JOB SUMMARY for Product Manager III

Develops new software product concepts, designs, and/or enhancements to existing product design that reflect market and user requirements.

JOB RESPONSIBILITIES for Product Manager III

Conducts research and develops a good understanding of the customer's needs, new technologies, trends in the market, and competitors. Develops requirements documents, functional specifications, and mock-ups to clearly illustrate product ideas and concepts. Develops business plan for products and participates in all phases of the product development lifecycle, including analysis, design, testing, and integration of products as well as the introduction of products to the market. Works on cross-functional team to translate customer needs and technology directions into product definitions.

Product Manager III SALARY RANGE

BASE 50%
$125,875
TOTAL 50%
$133,929
Job Level
P03
Job Code
IT10000093
Education/Degree
Bachelor's Degree
Reports To
Manager or Head of a Unit/Department

Product Manager III Skills and Competencies List

Proficiency Levels and Behavioural Indicators
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 Product Manager III skill and competencie below to view definitions.
INDUSTRY COMPETENCIES JOB FAMILY COMPETENCIES CORE COMPETENCIES
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9 hard skills or competencies (industry competencies) for Product Manager III

1 Industry Competency – Software Product Management
Proficiency Level -3
Skill definition-Designing, implementing, and managing software product lifecycle from inception to delivery to maximize revenue and meet user experience.
Level 1 Behaviors
(General Familiarity)
Identifies the process factors that need to be considered for software product management.
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Level 2 Behaviors
(Light Experience)
Uses appropriate tools to log and track backlogs and ensure alignment with the product roadmap.
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Level 3 Behaviors
(Moderate Experience)
Prepares delivery and implementation schedules to ensure adherence to product software timelines.
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Level 4 Behaviors
(Extensive Experience)
Sets best practices for lean product management to develop successful products consistently.
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Level 5 Behaviors
(Mastery)
Leads user story mapping to develop and improve new features based on usability, functionality, and user experience.
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2 Industry Competency – Software Product Business Knowledge
Proficiency Level -3
Skill definition-Knowledge of software product market and ability to identify and incorporate the market trends and user requirement for the design and development of software product.
Level 1 Behaviors
(General Familiarity)
Identifies the differences between generic and customized software products.
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Level 2 Behaviors
(Light Experience)
Supports the development of prototypes that demonstrate the vision of the final product.
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Level 3 Behaviors
(Moderate Experience)
Supervises the team in designing and developing new and attractive software products.
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Level 4 Behaviors
(Extensive Experience)
Presents recommended design features that best align with the organization's goals and objectives.
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Level 5 Behaviors
(Mastery)
Sets metrics and key performance indicators to objectively assess the success of software product initiatives.
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3 Product Manager III - Skill and Competency
Proficiency Level - 3
4 Skill and Competency - Product Manager III
Proficiency Level - 4
5 Competency for - Product Manager III
Proficiency Level - 5

4 general skills or competencies (Job family competencies) for Product Manager III

1 Job Family Competencies – Business Analysis
Proficiency Level -3
Skill definition-Analyzing an organization's structure, process, technology, and capabilities to determine information systems changes needed for achieving organizational goals.
Level 1 Behaviors
(General Familiarity)
Identifies the importance of business analysis in achieving organizational success.
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Level 2 Behaviors
(Light Experience)
Supports the implementation of new technological solutions across our business.
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Level 3 Behaviors
(Moderate Experience)
Utilizes industry-specific tools to perform various types of business analyses.
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Level 4 Behaviors
(Extensive Experience)
Oversees user documentation to support newly adopted business systems, technology, and procedures.
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Level 5 Behaviors
(Mastery)
Keeps abreast of the latest IT advancements to modernize current business operations.
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2 Job Family Competencies – Market Research
Proficiency Level -3
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)
Explains the importance of market research in elevating business success.
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Level 2 Behaviors
(Light Experience)
Helps in translating market research findings into strategic decisions.
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Level 3 Behaviors
(Moderate Experience)
Interprets market research data to make actionable recommendations to senior executives.
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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)
Constructs qualitative and quantitative market research plans for products in all stages of the development life cycle.
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3 Product Manager III - Skill and Competency
Proficiency Level - 3
4 Skill and Competency - Product Manager III
Proficiency Level - 4
5 Competency for - Product Manager III
Proficiency Level - 5

11 soft skills or competencies (core competencies) for Product Manager III

1 Core Competencies – Business Acumen
Proficiency Level -2
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)
Explains our key business strategies and priorities.
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Level 2 Behaviors
(Light Experience)
Reports and communicates market and competitor status regularly to the management team.
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Level 3 Behaviors
(Moderate Experience)
Evaluates supply chain efficiency with an eye toward improving shortcomings.
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Level 4 Behaviors
(Extensive Experience)
Optimizes business processes based on deep insight into various business unit functions.
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Level 5 Behaviors
(Mastery)
Designs and implements feedback loops to identify and promptly address business problems.
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2 Core Competencies – Conceptual Thinking
Proficiency Level -3
Skill definition-Analyzing hypothetical situations or abstract concepts to compile business insights.
Level 1 Behaviors
(General Familiarity)
Illustrates the justification behind different tasks and projects.
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Level 2 Behaviors
(Light Experience)
Recognizes patterns and analogies within and among datasets.
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Level 3 Behaviors
(Moderate Experience)
Simplifies complex ideas into easily understood concepts.
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Level 4 Behaviors
(Extensive Experience)
Provides training about new techniques and strategies for conceptual thinking ability.
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Level 5 Behaviors
(Mastery)
Responds to challenges with innovative solutions.
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3 Product Manager III - Skill and Competency
Proficiency Level - 3
4 Skill and Competency - Product Manager III
Proficiency Level - 4
5 Competency for - Product Manager III
Proficiency Level - 5

Summary of Product Manager III skills and competencies

There are 9 hard skills for Product Manager III, Software Product Management, Software Product Business Knowledge, Software Product Technical Knowledge, etc.
4 general skills for Product Manager III, Business Analysis, Market Research, Product Development, etc.
11 soft skills for Product Manager III, Business Acumen, Conceptual Thinking, Analytical Thinking, etc.
While the list totals 24 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 Manager III, he or she needs to be proficient in Business Acumen, be skilled in Conceptual Thinking, and be skilled in Analytical Thinking.

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