VP Product Development Responsibilities

There is a long list of VP product development responsibilities. And we will tackle its major responsibilities in this article in details

Who Is Vp Product Development?

VP product development is the top-level leader of product development. And is responsible for all the product development-related tasks. He/ she is the head of the product development team.

Product Development Responsibilities Of Vp Product Development

The VP of product development is responsible for different tasks in the product development organization. Some of these tasks are listed below:

Responsible For The Strategy Of Product Development

As a VP of product development, you are responsible for creating the strategy of product development. The strategy of product development can be defined as a roadmap or a plan.

Which shows how you will take the product from idea to market. It should also show how to deal with:

• Technology,
• People,
• business and other aspects

Which to develop a successful product.

Responsible For Planning Of Product Development

After working on the strategy of product development, you have to come up with a plan or road map for its execution. This plan should have major milestones and timelines along with its resources and responsibilities.

This planning ensures that there is proper control on all activities related to developing a new product or improving an existing one.

Responsible For Project Management

Once your strategy and planning part gets complete, it’s time for the project management phase. You will be responsible for managing all aspects like people, tools and resources, etc.

During this phase, Proper project management helps in reducing risks and delays in your project’s delivery date. Also helps in reducing costs incurred in delivering your project successfully.

Responsible For Allocating Resources

Once the project management phase is complete, it is time to allocate resources for different tasks. As a VP of product development, you have to ensure that all resources are allocated properly. Also should take care of the time and cost involved in doing so.

Responsible For Risk Management

VP product development is responsible for risk management in the product development process. And he/ she has to resolve issues related to risks that may affect your project.

And minimize the impact of such risks on your project by managing risk effectively. He/ she should be able to manage the risks during the different phases of product development including:

• Product Planning,
• Design,

Development and other phases.

Responsible For Change Management In Product Development Process

As a VP of product development, you should be responsible for managing change in the organization. You should manage all changes related to new products or products. 

Improvement projects efficiently and effectively without any delays or errors. This ensures that all changes are implemented according to a plan and a timeline.

Also helps in maintaining a consistency level in terms of quality across all products. It is developed by your organization throughout its life cycle.

This helps in building a good brand image for your organization. For more info on change management refer to this article on change management responsibilities.

Responsible For Customer Satisfaction And Delivery Of Products On Time And Budgeted Cost

Once you complete all these tasks successfully, it’s time to deliver your product with good quality at the right time. With little or no defects at the right price or within budgeted cost to your customers or clients. And this is what will make your customers happy and keep them coming back for more of your products in the future!