A Product Owner (PO) is considered as a member of the Agile team who acts as a single voice for the customer and stakeholders. Combined with development of the team, the product owner establishes the sequence of the backlog items based on programme priorities, events and meetings.
He also defines and accepts the requirements for the product to drive iteration goals and in prioritising Stories. He also coordinates with the other Product Owners, the System Team and the Product Management through each iteration and PI for delivering value.
Product Owner - Characteristics
The product owner (PO) is a key player in the development of a solution to the Agile team. He gathers immense functional knowledge of the business and knows what the business would need in the near and future term. This helps the Agile team in answering the questions related to functional and nonfunctional requirements.
His other major characteristics also include:-
Responsibilities - Product Owner
The Product Owner holds the responsibility for project success and is ultimately responsible to the team, stakeholders and to the company. He also has clear vision of product, defining those vision in form of well defined user stories, prioritising user stories together with team and estimating them to have clear time line of the product.
The responsibilities of a product owner are as follows:-