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What Is a Product Owner? How to Become One, Salary, Skills.
Product owners are part of Agile scrum teams and are in charge of making sure products provide users with as much value as possible. Here’s what to know about a product owner’s salary, needed skills and how to become one.
What Is a Product Owner?
Product owners work on Agile teams to release software products. Working closely with scrum masters and developers, they are responsible for setting the strategies around product development and determining which aspects of a project to prioritize.
What Do Product Owners Do?
Product owners set goals, oversee product development and determine which features to prioritize. POs also compile and resolve lists of backlog items, which are improvements that need to be made in response to user feedback.
Product Owner Responsibilities
- Receive and apply feedback to continuously improve products.
- Help develop product roadmaps.
- Conduct interaction studies and A/B testing.
- Order product backlog items to be resolved and fixed.
- Act as the liaison between scrum team members and stakeholders.
- Make the needs of the business and the user known to the scrum team.
Day-to-Day Responsibilities of Product Owner
- Monitor help requests and implement necessary fixes.
- Participate in daily scrum meetings.
- Manage and prioritize the product backlog.
- Be available to the development team to answer ongoing questions and help resolve issues.
Product Owner Within a Company
Product owners work on product development teams and usually work closely with the scrum master and leadership teams. They may have a few developers as direct reports, depending on the structure of the team.
Importance of Product Owner
Product owners help keep the scrum development process on track. Along with the scrum master, they ensure that timelines for product development and release are followed and communicate with company leaders and stakeholders on the progress of projects.
What Skills Are Needed to Be a Product Owner?
Qualifications to Be a Product Owner
- Ability to communicate complex systems and ideas across multiple departments.
- A deep understanding of software development best practices and scrum principles.
- An understanding of Agile and its principles.
- Adaptability.
Product Owner Prerequisites
- A bachelor’s degree is often required, preferably in software engineering, computer science, data analytics or a related field.
- Many product owners hold certifications that are tailored to the role specifically.
- Previous experience being a project manager or people manager is an advantage.
Product Owner Hard Skills
- Software programming skills.
- Knowledge of Agile.
- Data analytics.
- UX research skills.
- Critical thinking and problem solving.
- IT and development skills.
Product Owner Soft Skills
- Strong verbal and written communication skills.
- Presentation and negotiation skills.
- Collaboration and teamwork skills.
- People management skills.
- Intrapersonal skills.
Tools and Programs Product Owners Use
- Jira
- ClickUp
- Pivotal Tracker
- Confluence
- Pendo
- ProductPlan
- Typeform
- Split.io
How to Become a Product Owner
Product Owner Education and Experience
Product owners usually have a bachelor’s degree in software engineering, product development or a related field. Most product owners also go through a training or certification program.
Product Owner Certificates and Courses
- Certified Scrum Product Owner
- Professional Scrum Product Owner Training
- CSPO Certification Training
- Agile Certified Product Manager and Product Owner Credential
Product Owner Career Path
Product owners may begin their career as software developers or programmers before later becoming certified product owners. After becoming a product owner, someone may hold titles like senior product owner, scrum master, product manager or product director.
Product Owner Salary and Job Outlook
Product owners and related roles can expect healthy growth over the next several years. The projected job growth rate for computer and information systems product owners, a related field, is 10 percent through 2031.
The full compensation package for a product owner depends on a variety of factors, including but not limited to the candidate’s experience and geographic location. See below for detailed information on the average product owner’s salary.
Expand Your Product Owner Career Opportunities
Diversify your professional background by learning product management skills through Udemy’s online courses.
Product Owner Certifications + Programs
Take your career in a new direction with Udacity’s online product management certifications.