Fast changing business and technology landscapes make it imperative for software organizations to develop high-quality products faster, release new features ahead of competition, stay abreast of innovation and new development in the industry, and provide better support to end users. At the same time, profitability and risks need to be managed effectively. Faced with these challenges, software product companies need to innovate to constantly deliver flawless and predictable software product engineering outcomes. To navigate through these challenges, and that too in a global scenario, several organizations today are outsourcing their product engineering requirements to vendors who provide comprehensive product engineering services (PES).
The ideal PES vendor brings to the table solution accelerators and reusable components that help increase competitive advantage help bridge technology gaps and mitigate risks more cost effectively across the software product lifecycle. Most PES vendors provide services that span the entire product lifecycle – from product architecture, design, development, quality assurance, maintenance and support and modernization.
Managing a PES project includes all the basics of project management, along with special processes focused on protecting intellectual property (IP) and managing a common goal with the PES vendor. Whether offshoring the project or keeping it within the country, organizations that consider outsourcing their product engineering must consider fine-tuning their project management to suit business critical requirements and smart vendor management. In an outsourced PES scenario, the project manager is responsible for the whole product lifecycle from design, development, QA and testing, and maintenance.
The project manager is responsible for taking new product concepts and features from definition through the requirements stage, and also managing the growth and profitability of products developed. The project manager coordinates identification of new product strategies and capabilities, enhancing existing functionality, driving operational efficiencies and improving delivery from the PES vendor.
The project manager’s role encompasses: