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%
$125,549
TOTAL 50%
$133,579
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)
Describes the importance of using various methodologies in software product management.
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Level 2 Behaviors
(Light Experience)
Documents and researches user pain points to determine ways how to engage with users.
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Level 3 Behaviors
(Moderate Experience)
Collaborates with teams to define product vision and discuss requirements for software product development.
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Level 4 Behaviors
(Extensive Experience)
Formulates product roadmaps to guide the specialization, goals, and expectations of software products.
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Level 5 Behaviors
(Mastery)
Develops product software plans and strategies to increase operational agility and product capabilities.
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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)
Describes the characteristics of a well-engineered software product.
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Level 2 Behaviors
(Light Experience)
Collects and documents production schedules and updates affecting the product's initial objective.
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Level 3 Behaviors
(Moderate Experience)
Designs working prototypes for leaders when pitching software products to potential end users.
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Level 4 Behaviors
(Extensive Experience)
Discusses the organization's requirements with the team to help them ascertain the project scope and software features.
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Level 5 Behaviors
(Mastery)
Develops software product development strategies to drive seamless collaboration, high performance, and reduced cost.
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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)
Clarifies the difference between strategic, tactical, and operational business analysis.
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Level 2 Behaviors
(Light Experience)
Assists in conducting business analysis to understand our business’s structure and dynamics.
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Level 3 Behaviors
(Moderate Experience)
Implements strategies to streamline the process of analyzing our organization's structure.
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Level 4 Behaviors
(Extensive Experience)
Manages our business's structure to identify problems and make strategic business decisions.
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Level 5 Behaviors
(Mastery)
Develops and executes strategies to create efficient workflows across different business units.
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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)
Discusses different types of market research, such as focus groups, polls, and surveys.
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Level 2 Behaviors
(Light Experience)
Compiles market research data gathered from available sources and public information.
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Level 3 Behaviors
(Moderate Experience)
Employs data collection tools to gather and analyze potential customers' information.
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Level 4 Behaviors
(Extensive Experience)
Evaluates consumer preferences to identify the potential sales of a product or service.
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Level 5 Behaviors
(Mastery)
Builds advanced marketing research strategies to gain a competitive edge in the market.
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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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