Professional Certificate Program in Product Management A fully optimized product manager could increase company profits by 34.2% Source: 280Group Optimizing Product Management 1 Professional Certificate Program: Product Management “ 10 Participant Profile 11 Instructors 16 Program Outline 17 Methodology and Assessment 18 Impact Project 18 Learning Facilitators 19 Professional Development Webinars 20 Get Your Certification 03 Transforming Opportunities into Great Products 04 About the Certificate 05 Certificate Structure 08 The Learning Experience 2 22 About MIT Professional Education 23 Corporate Courses 24 The Beyond Online Methodology 25 Benefits of Joining the Alumni Community Professional Certificate Program: Product Management Index 09 Key Takeaways The current business landscape is becoming increasingly competitive, forcing us to take a different approach to how we view products. In a complex and unpredictable world, organizations rise to the occasion when they:7 ( Apply strategies to design and develop product families on a common platform.7 ( Understand the fundamental principles of product creation.7 ( Leverage digital platforms to grow a loyal user base and drive customer demand.7 ( Have a human-focused approach to problem-solving and decisionmaking. 3 This program will train you to deal with complexity, implement technologies and platforms, and design unique solutions that will bring beneficial results in every aspect of the business. Professional Certificate Program: Product Management Transforming Opportunities into Great Products Professional Certificate Program: Product Management About this Certificate Each product and service has its own set of objectives and challenges which require an innovative and customized approach to its product management. Product management can be described as the intersection of business, user experience, and technology $ Business: Product management assists teams in achieving their organizational goals by closing the communication gap between development, design, the customer, and the business. 9 months 4 $ User experience: Product management necessitates excellent user experience, by advocating for customer needs from inside the organization.D $ Technology: Product management takes place in the engineering department. A profound comprehension of computer science is a prerequisite to success as a product manager. 8-10 hours a week Online Product management consists of interdisciplinary responsibilities and draws from a number of essential skills and aptitudes. A successful product manager has three main areas of expertise, including the business processes of planning, developing, launching, and managing a product or service for optimized success. This means that as a product manager, you will oversee the entire life cycle of a product or service, from its ideation phase to development, all the way to market rollout - Stay in touch with consumer needs Define product vision and roadmap Align and empower the production team Create a shared product vision with stakeholders register register 5 Professional Certificate Program: Product Management Certificate Structure In this 9-month online program, participants will fully explore these three courses, plus one elective, to better understand and champion product management. 8 weeks Designing Product Families: From Strategy to Implementation Digital platforms and two-sided markets have quickly established themselves as a staple of modern business, presenting new opportunities and challenges alike for engineers, product managers, regulators, and entrepreneurs. However, there continues to be little discussion surrounding why some digital platforms help companies flourish where others have fallen short. 8 weeks Designing HighImpact Solutions with MITdesignX 6 With a focus on product design, manufacturing, and economies of scale in product development, this online program explores how product architecture, platforms, and commonality can help an organization deploy and manage a family of products in an increasingly competitive environment. 8 weeks Digital Platforms: Designing Two-Sided Markets from APIs to Feature Roadmaps Mastering the art of problem-solving primarily comes down to incorporating a design thinking framework that adapts to your innovation project. With the human environment facing never-before-seen challenges of scale, this skill has become even more crucial in our search for real solutions. Professional Certificate Program: Product Management Core Courses 8 weeks Life Cycle Assesment: With future policy changes on the horizon for a more sustainable planet, LCA paves the way for organizations to comply with the future of work and to become an environmentally friendly brand. Quantifying Environmental Impacts In the most transformative era in the history of humanity, organizations and projects increasingly need the combination of such technical excellence with strong interpersonal and leadership skills. For this, it is necessary to profile the so-called ‘soft skills’: create a culture of driving change, develop a global vision of the projects and train the ability to inspire and motivate people. 8 weeks Machine Learning: 8 weeks Leadership and Innovation Reduce spaces of uncertainty and arbitrariness through automatic learning and provide organizations and professionals the security needed to make impactful decisions. From Data to Decisions You will examine the role of critical thinking in innovating, design your own toolkit to solve real-world problems, and learn more about the benefits this framework can offer you and your organization. 8 weeks Innovation and Technology register register 7 Professional Certificate Program: Product Management Elective Courses At MIT Professional Education we believe in practical applications and encourage participants to implement what they have learned. Through our programs, participants are given the tools to make their learning experience as fulfilling as possible. Participants will have the chance to participate in an engaging and collaborative classroom environment with discussion forums and group activities. 8 The program is 100% online, and the virtual campus is available anytime, anywhere. It is a space for continuous learning, taking you beyond the limitations of a traditional classroom. There are no prerequisites for this certificate. The certificate will guide and prepare you to understand all the content and complete the required activities. Professional Certificate Program: Product Management The Learning Experience MIT Professional Education’s Professional Certificate in Product Management seeks to equip professionals from various industries with the skills and expertise they need to improve their products and processes in their given spheres of influence. As a participant, you will also discover the relevant data-driven tools necessary to convert the knowledge acquired from this program into real-world, actionable strategies to employ in your own organizations. 01 Develop and understand your product 06 Understand fundamental principles of strategy to align your product with an product creation, such as manufacturing organizational strategy, guide decisions, composition, and the design decisions about product features and evolution process. priorities, and assess product performance to inform future decisions. 07 Justify and perform machine learning to 02 Learn how to design and develop become a critical contributor to complex effective digital platforms in order to business decision-making. build loyal consumer bases and differentiated products. 08 ElectiveÏ à Life Cycle Assessment - Quantifying 03 Learn about the main methods and Environmental Impacts: Apply life tools used in the design of product cycle assessments to a product or families and prioritize solutions for processÀ complex problems. à Innovation and Technology: Develop a toolkit for innovatingÀ 04 Use platforms to identify new market à Machine Learning: From Data to opportunities, combined with decision Decisions: Understand data in your making and project management organization, helping decisioncapabilities. makingÀ à Leadership and Innovation: Develop 05 Discover how to facilitate and lead leadership skills transdisciplinary problem-solving teams. 9 Professional Certificate Program: Product Management Key Takeaways This program is aimed at executives from various industries, with a background in product management and technology. Its goal is to help these professionals create or position their products, services, and systems, so that they can compete and bring innovation to their sector. The program is also targeting current managers with strategic product direction who want to upskill and maintain a competitive edge in the rapidly transforming business context. This program is aimed at: Directors and Senior Managers responsible for product management, product engineering, innovation, or marketing. Current Product Leaders and aspiring C-suite executives who want to keep up to date on trends in product management and innovation. Senior Executives looking to align product strategy with business strategy and understand the implications of technology for the product portfolio. Owners or CEOs of tech startups who need a clear roadmap to launch and manage their projects effectively. Professionals with strong leadership skills who want to have a powerful impact on the success of their organization’s creative processes. register register 10 Professional Certificate Program: Product Management Participant Profile Dr. Bruce Cameron is director of the System Architecture Lab at MIT. His areas of research include technology strategy, system architecture and product platform management. Dr. Bruce Cameron Director del MIT System Architecture Group He is currently the Faculty Director of MIT ´s online certificate “Architecture and System Engineering” and is working on various research projects: Analyzing the costs of supplier replacement and retention incentives in driven vehicles for hire (ride hailing), the effects of increased autonomy in commercial trucking on fleet management, and the effects of one-pilot operations on commercial flights. “The best companies in the world use platforms to compete. The key to this strategy is understanding how to tell the difference between consumer choice and reinventing the wheel.” Dr. Cameron has led research projects for Amazon, Chevron, Sikorsky, Nokia, Caterpillar, and NASA. 11 His work in Sloan Executive Education has been rated as the highest level of Executive Education program at MIT for several years He is a co-founder of Technology Strategy Partners and was the consultant for twelve companies in initial phases of online commerce platforms. Professional Certificate Program: Product Management Instructors Prof. Svafa Grönfeldt Founding member of MIT’s innovation accelerator DesignX “Changes in our daily lives and corporate environments force organizations to reexamine their strategy toward their markets, their employees, and their customers”. In 2006, she published the book Service Leadership— The Quest for Competitive Advantage, along with Judith Strother. 12 She received her Ph.D. in Industrial Relations from the London School of Economics and Political Science, where her major focus was on service orientation and management. Prof. Svafa Grönfeldt also holds an MSc in Technical and Professional Communication from the Florida Institute of Technology. Professional Certificate Program: Product Management Prof. Svafa Grönfeldt is a founding member of MIT’s innovation accelerator MITDesignX and a co-founder of the MET fund, a Cambridge-based seed investment fund. Since 2008, she has also been a member of the Board of Directors at Össur. Previously, she held the position of Executive Vice President of Organizational Development at the life science company Alvogen and various roles at Actavis Group, one of the world’s largest pharmaceutical companies, where she served as Deputy to the CEO of the company Gilad Rosenzweig Executive Director of DesignX, MIT SA+P “Your expertise in understanding space, emotion, and the environment can be used to create innovative solutions”. Rosenzweig is a graduate of MIT’s Department of Urban Studies and Planning. 13 He has vast experience in community development, urban tech, and design. He created Smarter in the City, an accelerator for hightech startups in underrepresented communities. Professional Certificate Program: Product Management Gilad Rosenzweig is an architect and urban planner with vast experience in community development, urban tech, and design. As Executive Director of MITDesignX, the venture accelerator of MIT’s School of Architecture and Planning, he is laying the groundwork for new technology to improve the comfort and efficiency of buildings, places, and cities. Before MITDesignX, Gilad created Smarter in the City, an accelerator for high-tech startups in underrepresented communities. He is a graduate of MIT’s Department of Urban Studies and Planning and the Bartlett School of Architecture in London. Prof. Timothy W. Simpson Lecturer at MIT Professional Education “Courses often don’t ask the question,‘How can we really design and take advantage of these processes?’ and that question drives my courses”. Holds senior positions in technical design and in the Faculty of Information Science and Technology. 14 His research has been supported by a variety of federal and state agencies, including NSF, ONR, DARPA, EDA, and DCED, as well as numerous companies, ranging from startups to multi-national corporations. Timothy W. Simpson has worked with over 30 different companies to apply his research methods to improve their product lines and product development practices, and he helped establish and manages the Product Platforms Group on LinkedIn. Professional Certificate Program: Product Management Timothy Simpson is a professor of mechanical and industrial engineering at Pennsylvania State University. He holds senior positions in technical design and in the Faculty of Information Science and Technology. His research areas include product family design and platform-based product development, multidisciplinary design optimization, commercial space exploration, and additive manufacturing. He has published over 250 articles in peer-reviewed journals and conference proceedings. He is the senior editor of two books, ‘Product Platform and Product Family Design: Methods & Applications’ (2005) and ‘Advances in Product Family and Product Platform Design: Methods & Applications’ (2013). Prof. Olivier de Weck Professor, Aeronautics and Astronautics and Engineering Systems, MIT Since 2001, his group has developed novel quantitative methods and tools that explicitly consider manufacturability, flexibility, commonality, and sustainability, among other characteristics. In his research, de Weck emphasizes excellence, innovation, and combining theory and practice. “Technology is the deliberate creation and use of objects and processes to solve specific problems”. De Weck holds a degree in industrial engineering from ETH Zurich and an M.S. in aeronautics and astronautics from MIT 15 He earned his Ph.D. in aerospace systems from MIT. Previously, he was an engineering program manager on the F/A18 aircraft program at McDonnell Douglas. Professional Certificate Program: Product Management Olivier De Weck is a leader in systems engineering research. He focuses on how complex man-made systems such as aircraft, spacecraft, automobiles, printers, and critical infrastructures are designed and how they evolve over time. In addition, he studies strategic properties that have the potential to maximize lifecycle value and reduce programmed obsolescence. Course 1 Designing Product Families: From Strategy to Implementatiof L Fundamental Principles of Platform-Based ManufacturingY L The Advantages of Platforms and Implementation StrategyY L Product and Platform ArchitectureY L Platform AnalysisY L Platform DesignY L Platform PlanningY L Industrial Platforms and Bilateral MarketsY L Two-sided Markets and Industrial Platforms Course 2 Digital Platforms: Designing Two-Sided Markets from APIs to Feature Roadmap´ L Logistics and OrientationY L Industry Platforms: The BasicsY L What Does a Successful Digital Ecosystem Look Like?Y L Initiation and First TransactionsY L Architecture of Digital PlatformsY L Growing the Platform: Ensuring Quality and RobustnessY L Growing the Platform: Users and PartnersY L Platform DynamicsY L Summary and Recap Course 3 Designing High-Impact Solutions with MITdesignã L Introduction to the Program and the MethodY L Discover – Needs and Stakeholder AnalysisY L Define – Envisioning Change and Crafting SolutionsY L Commit – Value Creator and User ExperienceY L Crate – Prototyping a Solution and Design a Business ModelY L Develop – Organizational Design and Team DynamicsY L Deploy/Implement – Launch and Scale the SolutionY L Scaling – Beyond the Program Course 4 Electiv L Life Cycle Assessment: Quantifying Environmental ImpactsY L Innovation and TechnologyY L Machine Learning: From Data to DecisionsY L Leadership & Innovation register register 16 Professional Certificate Program: Product Management Program Outline All the courses included in the Professional Certificate in Digital Transformation take place in highly collaborative environments, fostered by discussion forums and group activities. In this practical, results-driven program you will get a hands-on learning experience based on the case method. Plus, you will acquire skills and tools that you can immediately use to benefit your organization and your career. Participants will be guided throughout all courses by expert facilitators who will be on hand to answer any questions and respond to comments. F F F F Practical activitiesJ Self-assessmentJ Review activitiesJ Live online sessions: By professors and industry experts who will teach real-life applications and respond to participants’ questions 17 F Additional resources: Videos and recommended readingsJ F Guided group forumsJ F Case applications Professional Certificate Program: Product Management Methodology and Assessment The Impact Project is a cross-cutting project that runs throughout the Professional Certificate. It is group work, which serves as a culminating academic experience. This project is designed for the student to reflect on the topics covered throughout the certificate, make a practical application of such knowledge, integrate, and connect the knowledge acquired in each of the courses and perform, together with their working group, a presentation, and defense of the proposed solution to the business challenge posed In addition to the above, the project has several additional objectives such as enhancing teamwork, verbal communication skills, research skills, planning and the ability to solve complex problems. Learning Facilitators The program will be supported by Learning Facilitators. These senior consultants are subject matter experts, with vast industry experience. They will be available to answer questions, to probe to generate deeper discussion, and to facilitate a collaborative, positive learning experience via discussion forums and live video sessions. 18 Professional Certificate Program: Product Management Impact Project Throughout the professional certificate, participants will be able to participate in 4 professional development webinars with subject matter specialists. Each of these sessions, which will last 1h, will take place in the fourth week of each module, distributed as follows: Y Fourth week of the program in Designing Product Families: From Strategy to Implementationc Y Fourth week of the program in Digital Platforms: Designing Two-Sided Markets from APIs to Feature Roadmapsc Y Fourth week of the program in Designing High-Impact Solutions with MITdesignXc Y Fourth week of the program in Elective Program. The topics to be covered in these sessions are as follows: Session One Personal Branding Session Two Communication Skills Session Three Negotiation skills Session Four Networking and the headhunter ecosystem * Sessions may change depending on the availability of the speaker and MIT Professional Education’s academic portfolio 19 Professional Certificate Program: Product Management Professional Development Webinars All participants who successfully complete the Professional Certificate Program in Product Management will receive an MIT Professional Education Certificate of Completion. In addition, they will also earn 25.6 Continuing Education Units (MIT CEUs*). In order to obtain MIT CEUs, participants must complete a required MIT CEU confirmation form. MIT CEUs are calculated based on the number of learning hours in each course. The Continuing Education Unit (CEU) is defined as 10 contact hours of ongoing learning to indicate the amount of time they have devoted to a non-credit/non-degree professional development program. To understand whether or not these CEUs may be applied toward professional certification, licensing requirements, or other required training or continuing education hours, please consult your training department or licensing authority directly. 20 Professional Certificate Program: Product Management Certificate of Completion Welcome to the gateway to MIT knowledge and expertise for professionals around the world. Participants from 155 countries More than 1,600 online activities 92% of Professional Alumni rated their experience as outstanding MIT Professional Education fosters the development of innovative leaders equipped to address complex problems globally MIT Professional Education provides continuing education courses and lifelong learning opportunities for science, engineering, and technology professionals at all levels, from around the world. Worthy of note is that MIT professors and lecturers lead and teach all MIT Professional Education offerings. Some of our programs have a long history. Others are relatively new. MIT Professional Education is central to MIT’s vision. It fulfills the mandate to connect practitioner-oriented education with industry and incorporate industry feedback and knowledge into MIT education and research. Our Digital Plus Programs go beyond online, blending innovative content delivered using the best of online technology and traditional classroom instruction in a flexible, collaborative learning environment. The Institute is committed to generating, disseminating, and preserving knowledge while working with others to apply this knowledge for the benefit of humankind. Bhaskar Pant Executive Director of MIT Professional Education “MIT Professional Education's goal is to make education accessible to everyone everywhere. We welcome everyone who wants to advance in their career or grow their business to unite and be part of the MIT Professional Education all-inclusive community.” 22 Professional Certificate Program: Product Management About MIT Professional Education At MIT Professional Education, we are committed to accompanying organizations as they aspire to provide their professionals with the ongoing education critical for success in today’s competitive environment. That’s why we offer plans for companies who wish to train their professionals with us. Which program best suits your organization’s needs? 1 2 3 Standard Program: Teams or groups of at least 10 people will obtain special conditions in their registration for any of our programs. Custom Programs: Custom-made to meet the specific needs of each organization and its professionals. Private Cohorts: Available in Open Enrollment courses with a minimum of participants. For more information on our Programs for Organizations, please contact us at: professionalprograms@mit.edu 23 Professional Certificate Program: Product Management Corporate Courses MIT Professional Education is revolutionizing the digital learning experience. In fact, we are no longer talking about online-only, but rather an interactive and collaborative learning experience that’s digitally powered: a Beyond Online experience. You will have access to one of the most innovative e-learning platforms that utilizes the latest technology.You will also have an opportunity to meet and work with some of the world’s leading subject matter experts in their respective fields. With MIT Professional Education, you’ll have an opportunity to: Æ Attend select live webinars with MIT Instructors¾ Æ Collaborate and engage with world-renowned MIT Instructors¾ Æ Learn from expert learning facilitators, guest speakers, and subject matter experts from industries¾ Æ Fulfill your reskilling and upskilling needs in this fastchanging environment¾ Æ Master the technical and human skills necessary for effective leadership¾ Æ Meet and network with other program participants from all around the world. Æ Weekly live webinars from learning facilitators. Clara Piloto Director of Global Programs at MIT Professional Education “MIT Professional Education’s programs tackle all the technologies that are at the heart of the digital transformation, enabling dedicated professionals to meet new challenges in the Fourth Industrial Revolution and lead change within theirorganizations.” 24 Professional Certificate Program: Product Management The Beyond Online Methodology MIT Professional Education offers a number of benefits for participants who successfully complete our courses: 1 2 3 4 5 6 Certificate Award Ceremony at MIT’s Campus in Cambridge, Massachusetts, where participants will receive a physical diploma Two years’ access to the virtual campus once the program is completed. Unlimited news updates. Unlimited access to webinars. 15 % discount for MIT Professional Education online programs and short duration in-person programs. Exclusive announcements of new courses, programs, and events through our virtual Alumni Campus: Professional Network. 7 Invitation to the MIT Professional Education Alumni LinkedIn group. 8 Networking opportunities with other MIT Professional Education Alumni. 9 In addition to academic facilitator, you’ll be assigned a coach. register register 25 Professional Certificate Program: Product Management Benefits of Joining the Alumni Community Are you ready to lead your organization through the complexities of technology implementation? Frequently Asked Questions For more information, please contact us: USA: +1 617 982 1343 Europe: +34 660 558 464 Email: professionalprograms@mit.edu Website: https://professionalprograms.mit.edu