Product ownership is primarily based on the principle of creating, understanding, defining and ensuring the proper functionality of the product for users. This involves developing and delivering a fully realised road map and business model to the stakeholders based on a full understanding of end-to-end customer experience integration and dependencies.
What Skills do Product Owners Need?
Product owners require a broad range of soft skills alongside a wide variety of technical and market knowledge and understanding. The exact technical and market understanding required will vary from role to role and product to product, but some general requirements are:
Knowledge of development techniques e.g. SCRUM, Agile or Waterfall
Some understanding of coding or deep domain knowledge
Market understanding and trend spotting
In terms of soft skills, product owners are the public face of their team and need to be able to communicate to high-level stakeholders as well as their developers and even customers. Communication skills are a must-have, along with vision and drive. A product owner needs to be able to see a product all the way through development and testing with full commitment, adaptability is important, but having a strong vision of the final product and the drive to achieve it are fundamental.
What Different Types of Product Owner Jobs are There?
Digital Product Owner – digital product owners deliver leading digital customer experiences or services, helping to design and develop user interfaces through analysis and feedback. They are the leader of the digital team, their public face and representative.
Junior Product Owner – junior product owners have the same requirements to lead the team as a product owner but will have less experience in fully developing the product roadmap. Most junior product owners are under the mentorship of a more experienced product owner.
Technical Product Owner – a technical product owner carries technical knowledge into strategic conversations about the product. They can bridge the gap between the requirements of the customer and the capabilities of the relevant technology, thus making the process of development more efficient and improving the quality of the final product.
Product Manager – a product manager focuses on the strategy of the roadmap rather than the technicalities of deliverability.
Salary Expectations for Product Owners
Junior product owner – a junior product owner with less than 1 year of experience can expect to earn between £35,000 – £40,000
Product owner – depending on experience and industry sector, salaries can go from £40,000 – £100,000 and this can increase as one enters into more senior roles such as Head of Product of VP of Product.
Technical Product Owner
Salary £40,000 - £55,000
Peterborough & Home based
Salary: £40,000 - £55,000
Feedback Medical Limited is a subsidiary of AIM listed Feedback plc. We are a dynamic technology company providing innovative software to the healthcare sector. We h...