Product Development Manager manages and coordinates product development projects. Evaluates and resolves technical feasibility, design optimization, and production issues. Being a Product Development Manager ensures that labeling and marketing/promotional literature match product specifications. Researches and monitors existing client base and industry developments and identifies potential new product opportunities. Additionally, Product Development Manager works with other departments to establish a design, technology, product development, and vendor strategy. Manages project budgets and prepares financial analysis reports for top management. May require a bachelor's degree or in a related area. Typically reports to top management. The Product Development Manager manages subordinate staff in the day-to-day performance of their jobs. True first level manager. Ensures that project/department milestones/goals are met and adhering to approved budgets. Has full authority for personnel actions. Extensive knowledge of department processes. To be a Product Development Manager typically requires 5 years experience in the related area as an individual contributor. 1 to 3 years supervisory experience may be required.