Fractional Product Manager
A fractional product manager is a professional who provides part-time or fractional support to companies in managing their product development and strategy. Instead of being a full-time employee, they work on a contractual or retainer basis, dedicating a portion of their time to the company's product management needs.
Benefits
Cost Effectiveness
Companies can access high-quality product management expertise without the expense of hiring a full-time employee, saving on salaries, benefits, and overhead costs.
Immediate impact
Fractional product managers can quickly integrate into the company's team and start contributing to product development efforts, accelerating time-to-market and driving business results.
Flexibility
Fractional product managers offer flexible arrangements, allowing companies to adjust the level of support based on their evolving needs and budget constraints.
Scalability
As companies grow or their product management needs change, fractional product managers can easily adapt their level of involvement, scaling their support up or down as required.
Specialized expertise
Fractional product managers often bring diverse industry experience and specialized skills, providing valuable insights and strategies tailored to the company's specific product management challenges.
Conclusion
Overall, hiring a fractional product manager can provide companies with cost-effective, flexible, and specialized product management support, enabling them to achieve their product development goals more efficiently.