Skills & Competencies for Product Manager V

Product Manager V job profile

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JOB SUMMARY for Product Manager V

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

JOB RESPONSIBILITIES for Product Manager V

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 V SALARY RANGE

BASE 50%
$191,421
TOTAL 50%
$212,778
Job Level
P05
Job Code
IT10000622
Education/Degree
Bachelor's Degree
Reports To
Manager or Head of a Unit/Department

Product Manager V 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 V 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 V

1 Industry Competency – Software Product Management
Proficiency Level -4
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)
Cites examples of the tools and solutions used in overseeing software products.
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Level 2 Behaviors
(Light Experience)
Collects software release notes to identify product updates on the software development lifecycle.
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Level 3 Behaviors
(Moderate Experience)
Checks and test software products to meet design specifications and quality management limits.
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Level 4 Behaviors
(Extensive Experience)
Ensures and implements correct prioritization of enhancements to maximize customer value delivery.
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Level 5 Behaviors
(Mastery)
Adopts best practices in product management to enable strategic prioritization in optimizing software quality.
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2 Industry Competency – Software Product Business Knowledge
Proficiency Level -4
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)
Cites the organization's objectives when designing and developing a software product.
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Level 2 Behaviors
(Light Experience)
Assists in quantitative market research to better understand the end users' requirements.
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Level 3 Behaviors
(Moderate Experience)
Contributes to the ideation phase by formulating solutions and design features that can fulfill the end user's needs.
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Level 4 Behaviors
(Extensive Experience)
Analyzes upgraded or newly engineered software product performance and compliance with objectives.
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Level 5 Behaviors
(Mastery)
Creates and presents software product goals to relevant stakeholders to promote organizational clarity.
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3 Product Manager V - Skill and Competency
Proficiency Level - 3
4 Skill and Competency - Product Manager V
Proficiency Level - 4
5 Competency for - Product Manager V
Proficiency Level - 5

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

1 Job Family Competencies – Business Analysis
Proficiency Level -4
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)
Cites examples of best practices used in analyzing an organization's technology infrastructure.
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Level 2 Behaviors
(Light Experience)
Applies appropriate analysis techniques to identify the needs of each business unit.
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Level 3 Behaviors
(Moderate Experience)
Implements best practices in identifying changes needed in the enterprise architecture.
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Level 4 Behaviors
(Extensive Experience)
Formulates technology solutions to improve business processes and systems.
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Level 5 Behaviors
(Mastery)
Designs and develops software programs to improve our business operations.
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2 Job Family Competencies – Market Research
Proficiency Level -4
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)
Facilitates one-on-one interviews with clients to identify and understand their needs.
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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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3 Product Manager V - Skill and Competency
Proficiency Level - 3
4 Skill and Competency - Product Manager V
Proficiency Level - 4
5 Competency for - Product Manager V
Proficiency Level - 5

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

1 Core Competencies – Business Acumen
Proficiency Level -3
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)
Discusses the strengths and weaknesses of our products and services.
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Level 2 Behaviors
(Light Experience)
Explains advantages and disadvantages of different organizational structures from an efficiency perspective.
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Level 3 Behaviors
(Moderate Experience)
Demonstrates an innate sense of how to achieve positive results in the current environment.
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Level 4 Behaviors
(Extensive Experience)
Leverages the latest technologies and tools that enhance business analytics.
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Level 5 Behaviors
(Mastery)
Conceptualizes new and creative business initiatives to boost business growth.
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2 Core Competencies – Conceptual Thinking
Proficiency Level -4
Skill definition-Analyzing hypothetical situations or abstract concepts to compile business insights.
Level 1 Behaviors
(General Familiarity)
Explains the rationale for adapting processes from one department to another.
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Level 2 Behaviors
(Light Experience)
Identifies gaps in information and similarities between current and past situations.
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Level 3 Behaviors
(Moderate Experience)
Presents essential information to stakeholders in a highly-targeted and engaging way.
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Level 4 Behaviors
(Extensive Experience)
Focuses on the big picture and recognizes implicit ideas.
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Level 5 Behaviors
(Mastery)
Organizes information in an original way borrowed from other sources.
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3 Product Manager V - Skill and Competency
Proficiency Level - 3
4 Skill and Competency - Product Manager V
Proficiency Level - 4
5 Competency for - Product Manager V
Proficiency Level - 5

Summary of Product Manager V skills and competencies

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

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