Ritika is the Brand Communications Manager at Udacity and is passionate about bringing inspirational student stories to light. When not talking to the amazing Udacity students, she can be found reading an article or watching a video on the internet.
Nothing makes us happier than our grads achieving their dreams. So when Patrick Glauner, a Udacity alum, reached out to us to let us know that he has become a full professor at the age of 30, we wanted to hear his story.
To quote his email to our founder, Sebastian Thrun, he said, “When I was finishing my undergrad in 2012, I took your AI for Robotics course on Udacity as I was curious to figure out what AI is. Your course really sparked my interest in AI. I subsequently decided to focus my career on topics in and around AI. Last month, I became a full professor at the age of 30 at [the] Deggendorf Institute of Technology in Bavaria, Germany.”
If you’ve recently taken an interest in product management, you may have noticed that there’s a subset of designations in this space that have the word “growth” thrown in everywhere – Growth Product Manager; Product Growth Manager; Product Manager, Growth; and Product, Growth.
And no, these aren’t just fancy synonyms for the same job. A quick Google search for the term “growth product manager” shows close to 7.5 billion results – nearly double what you get when searching “product manager.”
After finishing his program, Tiago started to think about how he could build on the technical skills that he had learned. Then, he set a goal to design and build two web applications in 2020. But, he had no idea about what to do and where to start.
“At the same time, the world was engulfed in this crazy pandemic and everyone was caught by surprise — businesses were told to close doors, aircraft were grounded and companies told their staff to work from home. This was totally unexpected,” he said.
Being a product manager is a coveted job opportunity among freshly minted graduates and those looking to change careers. And why not? Glassdoor listed it among the top five jobs in the United States for 2020.
Why is the product manager role so hot? This career offers high-job satisfaction, compensation, and job growth.
The best part is that while salaries in this space start at around $60,000 per year, they can skyrocket to nearly $200,000 per year, depending on location, experience, expertise, and scarcity of skill, reports Glassdoor.
Imagine you’re planning a holiday to a beautiful, yet remote location. You’ve reached the nearest city, and you’re ready to make your way to your final destination. Then, you realize that you don’t have the map to get there. And as luck would have it, GPS isn’t working, either.
That’s exactly how it feels if you’re leading a product development project without a product requirement document (PRD).
A PRD is, essentially, a laundry list of product development specifications—including what has to be built, who it’s for, its purpose, and the value it brings to its end-users. It provides a vision of what the final product should accomplish and details all the features and functionalities that will be required to meet those goals.
The clearer a PRD, the better the chances of the final product achieving its desired outcomes. An extremely well-defined PRD may even include preliminary sketches of what the final product may look like, and how its end-users may interact with its functionalities.
The primary advantages of a PRD are that it provides immense clarity to all relevant stakeholders (internal as well as external), ensures the realization of specified goals, and maximizes the chances of everyone being satisfied with the final output.