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  • Guide overview
    • What Is Product Management?
      • What Is Product Management? Product Management Definition
      • An introduction to product management
      • What is the difference between marketing and product management?
      • Product manager vs. project manager: What is the difference?
      • What isn't product management?
      • Who works on a product management team?
      • What are important product management skills?
      • Eight popular product management frameworks used by product managers
      • How to create a product management strategy
      • Level up your product management with Wrike
    • What Is a Software Product?
      • What Is a Software Product?
      • Software product definition - platform vs. product
      • What are the components of a software product?
      • How to create a software product - software product development process
      • Software product development models: Agile vs. Waterfall
    • Software Product Manager
      • What is a product manager?
      • What does a software product manager do?
      • Software product manager job description
      • Are product owners and product managers the same?
      • Skills every product manager should have
    • Product Owner
      • Product owner skills
    • Product Management Life Cycle
      • Ultimate Guide to Product Management Lifecycle
      • What is the product life cycle?
      • What is product life cycle management?
      • Why is managing the product life cycle important?
      • Software for managing PLM
    • Product Management Roadmap
      • What Is a Product Roadmap? Roadmapping 101
      • What is a product roadmap?
      • Who designs a product roadmap?
      • What goes into product roadmap planning?
      • What is roadmapping?
      • Roadmap best practices you need to consider
      • How to present a product roadmap to clients
      • What to look for in product roadmapping software
      • Why Wrike could be the roadmap tool for you
      • Introducing Wrike's product roadmap template
    • Product Management Software and Tools
      • Ultimate List of Product Management Software and Tools
      • What is product management software?
      • What are the benefits of product management software and tools?
      • What type of product management tools should you use?
      • How to choose the right product management software
    • Product Backlog
      • Introduction to Product Backlogs
      • What is a product backlog?
      • What are product backlog items?
      • Product backlog example
      • What is product backlog grooming?
      • What are the benefits of backlog grooming?
      • How does product backlog refinement work?
      • Backlog grooming best practices
      • Go from vision to market faster with Wrike
    • Product Management OKRs
      • Product Management OKR Best Practices
      • What are product management OKRs?
      • Are product OKRs and product roadmaps the same?
      • Why do you need OKRs for product management?
      • How to set up the best product team OKRs?
      • Examples of OKRs
      • Best practices for product management OKRs
    • Product Requirements Documents
      • Everything You Need To Know About Product Requirements Document (PRDS)
      • What is a product requirements document?
      • Who creates product requirement documents?
      • Why do product teams need a product requirements document?
      • How to create a product requirements document
      • Are product requirements documents (PRD) and marketing requirements documents (MRD) the same?
      • Is a product requirement document different from a product design document?
    • Product Management Metrics and KPIs Explained
      • Product Management Metrics and KPIs Explained
      • What are KPIs and metrics?
      • Key metrics for product management
      • KPI examples for product management
      • How to structure product KPIs
      • Product management KPI dashboard
    • Product Analytics
      • Product Analytics Definition and Overview
      • What is product analytics?
      • Why is product analytics useful?
      • Who uses product analytics?
      • How does product analytics work?
      • How can you use product analytics?
      • Essential features for product analytics tools
      • Optimize product performance with Wrike
    • Comprehensive Guide to Lean Product Management
      • Comprehensive Guide to Lean Product Management
      • What is lean product management?
      • Why is lean product management important?
      • How does the lean product management methodology work?
      • Essential lean management principles for product managers
      • Start the lean product management process with Wrike
    • Best Product Management Resources for Product Managers
      • Best Product Management Resources for Product Managers
      • Best product management training and courses
      • Best product management books
      • Best product management conferences and events
      • Level up your product management education
    • Practical Product Management Templates
      • Why use product management templates?
      • Five benefits of using product management templates
      • What are the different kinds of product management templates?
      • Get started with Wrike’s product management templates
    • FAQ
      • Performance
      • Product Backlog
      • Product Lifecycle
      • Product Management
      • Product Management Goals
      • Product Management Strategy
      • Product Management Teams And Roles
      • Product Manager
      • Product Owner
      • Product Prioritization
      • Product Requirements
      • Product Roadmap
      • User Stories
    • Glossary of Product Management Terms
    1. Product Management Guide

    Product Owner

    6 min read
    Blog Author Anna Grigoryan 2x
    Anna Grigoryan Director of Product Management, Wrike

    What Is a Product Owner? Role And Skills Explained

    In Scrum, a product owner is a core team member who is accountable for maximizing customer and business value on any given project.

    A product owner is a critical point of contact on any Scrum team. They are responsible for maximizing value by grooming and prioritizing the backlog, communicating the product vision to the development team, and inspecting the product at the end of each sprint.

    How does a product manager work with the development team?

    A product owner is a key participant of the product development team. They often provide direction, ensuring that an agreed-upon set of features is built and released throughout the project's life cycle. Product owners take on diverse responsibilities such as:

    • Setting priorities
    • Providing insight into user needs 
    • And managing team and stakeholder expectations

    Product owners are strategic leaders who work closely with the development team to keep them aligned with business goals and objectives. They are responsible for prioritizing work via the product backlog, managing stakeholder expectations, and defining what "done" looks like.

    Product owners must also understand their customer's needs to meet them. The skills needed to be a product owner position include:

    • Understanding business goals
    • Creativity
    • Analytical thinking
    • Leadership
    • Management skills

    These core skills and competencies are crucial for any product owner in product development or as a Kanban product owner.

    Product owner - team

    Product owner skills

    A product owner will spend most of their time prioritizing the product backlog so that it is aligned with the product roadmap, communicating with stakeholders and the wider team about upcoming work, and staying on top of the broader business goals of their organization.

    There are often multiple items competing for development resources, so the product owner must prioritize work effectively. They are also responsible for accepting and validating the completed work. 

    The product owner's skills and responsibilities fall into three categories: management, communication, and collaboration.

    Product management 
    The product owner determines which items in the backlog should be developed and when. They do this by managing the backlog, a list of product features representing all work planned for the product.

    If necessary, they will break down large items into smaller chunks called user stories. 

    Stakeholder engagement and communication
    The product owner is responsible for updating stakeholders about the current status of the product. 

    Team collaboration
    Team collaboration is key for every product owner. Their role often requires them to work with diverse stakeholders, customers, and other development team members.

    Further reading

    other

    Wrike Is a “Game-Changer” That Brings the Sonance Product Lifecycle Management Process to Life

    blog post

    How to Plan the Perfect Product Launch With Wrike

    Roles and responsibilities of product owner

    The product owner acts as the single point of contact for stakeholders' interaction with the Scrum team. They manage, prioritize, and groom the product backlog, ensuring transparency of product status to all stakeholders.

    Product ownership

    The product owner role has authority over all decisions regarding the product that includes:

    • Managing the scope of a release or iteration within which a "done" increment of value can be delivered
    • Accountable for managing stakeholder engagement
    • Collaborate with stakeholders to create a product vision
    • Take necessary steps to ensure that the vision is realized

    Backlog grooming and refinement

    Product owners are also responsible for making backlog refinement decisions during grooming sessions with the team, which occur before every sprint planning session.

    One of the key responsibilities they have is to add details to user stories, so they are clear and concise enough for development.

    Project prioritization

    Project prioritization is a key responsibility of every product owner. Their work includes prioritizing needs in order to meet business objectives and maintain alignment between stakeholders. That includes making tough decisions on what gets built at what time.

    Maximizing value

    The product owner is accountable for ensuring the sprint goal is achieved as well as maximizing the value derived from completed work.

    To ensure transparency in decision-making, they strive to maintain regular communication with all stakeholders throughout technical development.

    Is it essential to have a product owner in product development?

    Product ownership is crucial for any organization that wants its development team to deliver value and increase speed. It also helps them ensure zero gaps between what was promised and what is being delivered to stakeholders.

    In Scrum, the product owner plays a key role in the success of the product being developed. They set business goals for each release and work closely with stakeholders to ensure a shared understanding of their needs.

    The product owner must use this information to create a vision that can be built into a real product within an iteration or sprint. Then prioritize that vision into actionable items on the backlog that are worked upon by the development team.

    Working in the absence of a product owner is not recommended.

    Doing this can lead to failure to achieve business value by creating an "us vs. them" dynamic between development teams and stakeholders.

    Additionally, without a product owner, there will be no one to prioritize the backlog items. That can eventually become disruptive for a development process.

    Read more

    blog post

    Product Management 101: How to Become a Product Manager

    blog post

    25 Must-Read Books for Product Managers & Product Marketers

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