As a Product Manager, it’s in our bones to always do the best job possible, to deliver the best product possible, and to satisfy the most customers possible. But what if I told you that by always succeeding, we’re actually hampering ourselves? While it might feel good to hit a home run every time you step up to the plate, you’re probably not playing in the right league. It can be easy to fall into a pattern of complacency, of certainty, of feeling invincible because you never miss a swing — but the simple fact is that if you’re never wrong, you’re playing it too safe and you’re limiting yourself to only what you know that you can accomplish. It takes bravery to step outside our comfort zones, to stretch ourselves and test our boundaries, and to try new things that aren’t guaranteed to be winners. In fact, failure is essential to growth not only as a Product Manager but as a person in general — for it is only in failure that we learn from our mistakes and can adjust to ensure that the next stretch, the next test of our abilities, passes with flying colors. If you never fail, you never grow…
Five Differences Between a Junior PM and a Senior PM
Even though it’s been around as a formal role in software organizations for nearly 20 years (or more, depending on who you talk to), Product Management still struggles with a lot of definition problems — what is the role, how do we grow, when do we get promoted and to where, etc. One of the common issues that we run into are companies who don’t have any form of structure around their product teams, who struggle to define the actual differences between their “associate”, “general”, and “senior” Product Managers without simply resorting to the amount of time they’ve been in the role. As anyone with extensive experience in the profession can tell you, how long you’ve been doing the job has little to no bearing on your actual ability to do the job — you can work for 10 years practicing all sorts of bad behaviors that have resulted in zero growth as a Product Manager. Similarly, you can go deep and hard for 2-3 years and come out the other side as a true product leader and influencer, capable of taking on much more advanced products and projects than your companions. Here are a few of the common differences that I think draw dividing lines between a “junior” Product Manager and a “senior” Product Manager, where age is not the most important factor…
Running Too Lean Can be More Harmful than Helpful
Most companies out there put a huge push on efficiency and running “lean” — doing the most possible with the least amount of overhead. And in most cases, that’s a very noble goal — after all, overhead in the form of people and positions is generally the highest cost that companies face. Reducing the number of people needed to achieve the same goals allows the revenue side of the equation to exceed the costs — which is almost every company’s end goal, to achieve a sustainable business model that makes money for the owners of the business. The problem with this is that it’s often taken too far — the drive to be “lean” winds up causing more headaches and issues than it creates an environment conducive to success. This issue isn’t only of concern to Product Managers, it affects every part of the business, from sales to marketing to support to development. And because of that, we’re often in a unique position to see they dysfunctions that trying to drive too lean causes throughout the company. It’s up to us to be aware of the risks and raise them as we start to see red flags, before they damage the ability of the organization as a whole to compete in an increasingly competitive marketplace.
Knowing Your Effort Budget
It’s amazing to me how often I talk with someone about a project they’re working on, and when asked “what’s your budget on this” they just look at me with a blank look. Let’s be real for a minute — everything we do in product design, development, and management has limits. We have limited resources. We have limited time. We have limited energy. But all too often we just assume that everything that we’re doing requires 100% of our effort, 100% of the time. But that’s simply not true. Some things are more important than others. Some things require more time and effort and energy than others. Some things that we do can slip through with a smaller amount of our attention than others. We instinctively do this, but we rarely actually plan it — and that’s to our detriment and to the detriment of our stakeholders. Laying out a clear understanding of the amount of effort that you’re expecting to spend on any given project or component can be an essential tool in any Product Manager’s belt.
Assumptions, Risks, and Constraints – The Keys to Success
One of the most important parts of being a Product Manager is making sure that your stakeholders and developers understand not only what you’re trying to do, but the surrounding circumstances in which you’re trying to do it. Often, this is a matter of discussing and managing scope; at other times, it’s making sure that people understand the schedule and resources working on the improvement; and at still other times, it’s ensuring that what comes out at the end of an iteration is what everyone wanted at the beginning of the iteration. But there’s a larger set of considerations that are of key importance to aligning your teams on — because they significantly impact the overall success of what we’re trying to do. All too often we ignore these three components to our peril, and when we do there’s an even chance that they’ll come back to bite us in the ass…
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