what is a product owner in agile?

Product owner plays important role in Scrum Team,

Below are Scrum Roles:

Product Owner(PO): He will decide what needs to done in this sprint/project and he is the responsible for managing the product backlog. He will be the responsible person for product like how product should be and all. He interacts with Business Analysts and Customers. This role may be played by BA or any person who is having strong knowledge on product and who works with end users for a long time. Depends on the project client also may play this role.

Scrum Master (SM) : He will monitor the performance of the team within the sprint. Team will raise all their concerns and issues to scrum master. He is responsible to provide solutions to the team. He will interact with the stake holders to address the issues and concerns raised by the team. This role can be played by any person in team usually Business Analyst will play this role.
Development Team( Cross functional team who are self organized)

What is a product owner in Agile?

Let us discuss and observe here about Product Owner.

Main responsibility of the Product Owner in Scrum is to build a successful product. Product owner is the single person to take all product related decisions.

To build successful products, product owner does the following.

Define product vision and goal.
Strategy to increase ROI based on scope, time and budget (Return On Investment).
Creates roadmaps, strategy and release plans.
Manage ROI, Priorities, Product backlog, prioritizing product backlog.
Release planning and goal.
Maintain release burn down.
Engage Stakeholders and scrum teams.
Define requirements and acceptance criteria.
Participates in all scrum activities.
Speaking to teams to provide clarity on work and business requirements.
Write requirements in the form of user stories and groom them with the teams.
Understand the business value and deliver value, communicate the requirements to team clearly.
Accept, reject, and share feedback comments towards building successful product.
Maintain transparency on release plan, scope and forecast.
Product owner should be balanced personality who can give inputs on product, business, value and domain. A person with only understand technical expertise might not be an effective Product Owner.

I feel it will help to understand What is a product owner in agile and what product owner does in project.

Let us observe more on what is a product owner in agile

and FAQ’s

For product Owner Certification

FAQ’S

What is the difference between a product owner and a product manager?

To break it down: The product manager discovers what users need, prioritizes what to build next, and rallies the team around a product roadmap. The product owner is responsible for maximizing the value of the product by creating and managing the product backlog.

Is product owner a job title?

Product Owner is a role you play in an Agile team, whereas a Product Manager is the job title of someone responsible for a product and its outcome on the customer and the business. Now a lot of Product Owners out there are great Product Managers, and they should just change their title.

How do you become a product owner?

Build Shared Understanding
Get help from someone on your team. This often results in the Product Manager, Product Owner, and Business Analyst model of product ownership.
Find a good book focused on analysis techniques applied with an agile mindset. …
Get some training on analysis techniques.

Who does a product owner report to?

The product owner reports to stakeholders. The scrum.org page about product owners describes how this person is the interface between the scrum team and the rest of the world. Scrum doesn’t mention managers, project leads, etc. – those are all subsumed under the term “stakeholder”.

Is Product Manager higher than product owner?

In bigger companies, the product manager stands a level higher than the product owner and serves as a connector between the house and the outside world. This is why it’s sometimes so hard to draw a line between the two positions or jobs.

Is Product Owner same as project manager?

All in all a Product Owner is a Project Manager who is responsible for the project success and project environment. But at the same time, he delegated daily management of the project team to a Scrum Master.

Who can be a product owner?

The Scrum product owner is typically a project’s key stakeholder. Part of the product owner responsibilities is to have a vision of what he or she wishes to build, and convey that vision to the scrum team. This is key to successfully starting any agile software development project.