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)
Explains the different stages of the software product management lifecycle.
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Level 2 Behaviors
(Light Experience)
Follows the best practices in product management to support agile software development.
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Level 3 Behaviors
(Moderate Experience)
Defines product specifications to analyze and decompose complex features for software planning and execution.
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Level 4 Behaviors
(Extensive Experience)
Manages the ideation and design process of software products to improve user experience.
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Level 5 Behaviors
(Mastery)
Forecasts trends in product management to create software product vision and structures.
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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)
Explains how a software product benefits and caters to the needs of its end users.
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Level 2 Behaviors
(Light Experience)
Documents the adherence of software product ideas presented to the organization's goals.
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Level 3 Behaviors
(Moderate Experience)
Prepares and communicates software requirements detailing the project timelines, scope, and budgets.
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Level 4 Behaviors
(Extensive Experience)
Facilitates product knowledge transfer between relevant teams and departments to drive efficiency.
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Level 5 Behaviors
(Mastery)
Establishes guidelines and procedures in designing, building, testing, and updating software products.
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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)
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)
Works collaboratively with other teams to analyze and define current business processes.
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Level 4 Behaviors
(Extensive Experience)
Recommends solutions that will best fit the business’s current and future needs.
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Level 5 Behaviors
(Mastery)
Leads the implementation of innovative techniques to streamline the business analysis process.
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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)
Lists the basic steps in conducting market research.
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Level 2 Behaviors
(Light Experience)
Identifies and applies appropriate research methods in conducting market research.
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Level 3 Behaviors
(Moderate Experience)
Leverages market research data to gain valuable insights into customer needs.
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Level 4 Behaviors
(Extensive Experience)
Monitors the competitors' capabilities to maintain a competitive advantage in the market.
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Level 5 Behaviors
(Mastery)
Develops SOPs for researching market conditions, competitors, and consumer trends.
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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)
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)
Implements effective marketing strategies that achieve improved business outcomes.
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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)
Evaluates industry and market trends to identify new business opportunities.
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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)
Demonstrates the ability to draw conclusions and inferences from data.
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Level 2 Behaviors
(Light Experience)
Creates a unique solution by finding abstract connections.
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Level 3 Behaviors
(Moderate Experience)
Conceptualizes or theorizes the project before getting into action.
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Level 4 Behaviors
(Extensive Experience)
Discusses and proposes new concepts with colleagues.
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Level 5 Behaviors
(Mastery)
Develops long-term strategic plans to shape the projects.
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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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