The product manager is responsible for the success of a product in terms of the business goals it should fulfill.
This is an important role in organizations, especially in technology companies, as it determines the strategy and the main characteristics of the product or product line. The activity of the product management may also include responsibilities in marketing and forecasting financial results.
The role covers a variety of activities, which are defined depending on who owns the product - the company that creates it or its customer. Product managers have in-depth knowledge of the product for which they are responsible so that they can make strategic decisions.
The role is also related to communication between different departments - mostly between teams for engineering (development department), marketing, sales and support.