Product Owner vs Project Manager - What's the Difference
                     Product Owner vs Project Manager - What's the 
 Difference?
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Product owner: A Product Owner is a role on a Scrum team that is responsible for  
managing the Product Backlog, including the Product Vision, and ensuring that the  
Product Backlog is visible, transparent, and clear to all stakeholders. He/She is  
responsible for the success of the product. The Product Owner is the sole person  
responsible for managing the Product Backlog and ensuring that value is realized from  
it. The Product Owner represents the voice of the customer. The Product owner is  
responsible for ensuring that the Scrum Team is working on the highest priority items in  
the Product Backlog. The Product Owner is one of the key Scrum roles and Scrum  
Team members. She/he effectively owns the product and is responsible for maximizing  
the value of the product and the work of the development team.
A Product Owner is responsible for maximizing the value of a product to the customer  
and the business. In other words, the Product Owner is responsible for the outcome of  
the product. The Product Owner advocates for the product throughout the organization
and the customer community.
Skills for becoming a product owner
A good product owner is the backbone of any company. A product owner should have  
an eye for detail and an understanding of customer needs. As a product owner, you are  
the one who prioritizes and prioritizes the backlog.
The key skills needed to become a product owner are:-
1) The ability to see the big picture.
2) The ability to juggle multiple tasks.
3) A deep understanding of customer needs.
4) Good communication skills.
5) The ability to prioritize well.
6) Analytical thinking
7) High level of motivation
8) Flexibility and creative mind
9) Creative problem solving
10) Product Management skills
Work role and duties of a product owner
Product owners are responsible for managing the process of creating new product ideas  
and growing the value of the product. A good product owner must have the skills and  
mindset to execute the following duties: -
1. Produce working software
2. Write requirements
3. Plan and manage the time of value delivery
4. Define the product vision
5. Communicate with stakeholders
6. Contribute to the financial success of the product
7. Estimate the product value and estimates Help the team to build the product
8. Help the team to plan
9. Motivate and persuade a team to complete tasks and deliver products
Product manager: A project manager is a specialist who understands and manages all  
the procedures, risks, and changes associated with a particular project. He works  
together with some experts and team members to ensure that the project has a  
successful outcome. In project management, the project manager must exhibit many  
skills to control the project activities and the team members.
A Project Manager is a professional who is responsible for coordinating teamwork to  
meet the project objectives. The project manager must evaluate the project requirements  
and establish a realistic project plan. He/she must direct and coordinate all activities that  
are needed to complete the project. The Product Manager also provides a realistic  
timeline for completing project tasks and updating the stakeholders about project status.
Skills for becoming a product manager?
Product management is a challenging, interesting, and very lucrative career path. Many  
new job titles have been coined (Product Analyst, Product Designer, etc.) to represent  
the new responsibilities of those working on products. The requirements, knowledge,  
and skills needed to be a good product manager are very specific and require a lot of  
experience.
1. A product manager is much more than just a marketer.
2. A good product manager is someone who can think strategically, who knows how  
to manage people, who can communicate effectively, and who has a business  
mind.
3. One needs to have analytical and problem-solving skills, as well as a strong  
understanding of the business domain.
4. In general, you need to be a 'people person' and enjoy working in a multi-  
functional environment.
5. Product management requires a harder shift in mindset than most engineers are  
used to. You don't really have anything to measure yourself on. The best way to  
learn is to be the product manager for a smaller project before managing a bigger
one.
6. You need to understand what makes the money and what doesn't. Learning it on  
the job is the best way.
Work role and duties of a product manager
1. A product manager is one who directs and manages the development of a new  
product.
2. They are responsible for the success of a product.
3. A product manager is a person who is responsible for managing a product in  
every aspect, from conception to design to production to marketing and sales.
4. Their responsibility is to make sure that the product is delivered on time, within  
the budget, and is profitable.
5. They own the product and therefore are responsible for the financial success 
of
the product.
6. A product manager is a person who plans out the features for a new product or  
for an existing product that needs a revamp.
7. They are also the liaison between the vendors and the
developers/manufacturers.
8. He is the person who has ultimate control over the product.
9. A product manager also has to be aware of the sales and profits of a product.
Main differences between a product owner and a product 
 manager
The product owner and project manager are two different jobs. They are different in what  
they do, in how they do their job, and in the people they work with.
 The project manager is responsible for the whole project. The project manager is  
responsible for the project deadlines, cost and uses the project management  
tools to track the project.
 The product owner is responsible for the product. The product owner makes sure  
that the product will provide value to the customer.
 The product owner is responsible for the project backlog, backlog items, the  
release plan, and product backlog items.
 The product owner works with the scrum team, the product manager, and 
the
stakeholders.
Conclusion:
The main difference between a Product Owner and a Project Manager is that a Product  
Owner is responsible for the product vision, the project plan, and user stories. A Project  
Manager is responsible for the project plan, team management, and the project budget.  
We hope you enjoyed our blog post on the different responsibilities of a product owner  
and a project manager. We hope this article has helped you better understand the  
responsibilities of each role and how they differ.
MindCypress will help you with the training. Contact us today!
Resource: https://blog.mindcypress.com/p/product-owner-vs-project-manager-  
what039s-the-difference