Decoding the company hierarchy, this article explores the different job roles in product management clarifying their importance, responsibilities, and influence within an organization.
What is higher than a product owner?
The product manager is more senior than the product owner in a traditional hierarchy. For example, the PM is in direct contact with executives and stakeholders, while the PO usually isn’t, making the product manager more influential on overall business objectives.
What is project manager vs product owner hierarchy?
The product owner supports the development team by prioritizing the product backlog and creating user stories. They serve as an internal customer expert for engineering and development teams, answering questions and clarifying requirements. The project manager oversees the project and ensures that deadlines are met.
Is product owner a high position?
And this makes PO the highest-level role in the company and the product management career path. A PO is responsible for maximizing product value, he/she owns the product, and is accountable for the product and everything related to it.
Which has a higher salary product manager or project manager?
Generally, salaries for product managers and project managers are comprable in India. The average product manager’s salary in India is ₹15,00,000 a year, while a project manager in India also makes an average salary of ₹15,00,000, according to September 2022 data from Glassdoor [1, 2].
Which role is better project manager or product manager?
In most organizations, the product manager is considered to be higher in the hierarchy than the project manager. The product manager is responsible for the overall strategy, vision, and success of a product or product line; the project manager is responsible for the planning and execution of a specific project.
What is a higher position than a product manager?
However, in a large organization, a chief product officer is the most senior product expert responsible for the product teams, processes, and delivery of tasks. They manage multiple product managers and oversee product strategy, product architecture, and end-to-end product execution.