The Product Management Skills – Benchmark Report identifies 15 skill sets that individual Product Managers and entire Product Management teams need to be able to excel at their jobs.
Companies that want to help their product managers grow more effectively through the first 10 years of their career should provide support in these critical skill areas with focused training and workshops.
We evaluated how training, and a formal product process helps improve those skill sets and ultimately advances a Product Manager’s career. Turns out, training helps!
The Highlights
12.3% stronger across all skill sets with formal training than without
The implementation of a formal product process also contributes to the success of PMs and PM teams, improving skill sets by up to 31%.
The Takeaway
In companies where the goal of achieving a formal certification in Product Management was set for their team members, 87% said they felt more confident in their ability to perform their job responsibilities.
Team leaders who have taken this approach reported and increase in team skill sets and understanding of customer needs, leading to more profitable products .
Check out some of the highlights from the report in the infographic below.
If you’d like to read the full results, you can download them here.
