Finance fundamentals for Product Managers
You don’t understand the jargon used by the top management? Would you like to advance your career and take more responsibility? Would you like to convince management that you can be entrusted with financials?
Then this is the workshop for you. In it we will discuss and practice the basics of finance required to take full responsibility for a product.
26 November 2024
17:00-20:00 CET
Via Teams, Price: 150 EUR
Benefits
You will learn key financial metrics Product Managers should knowYou will learn how to build a Profit and Loss (PnL) sheet and how to make a finacial plan
You will learn how your teams (technical and commercial) contribute the result of the product and its profitability
Who will benefit the most
Product Directors
The micro-workshop will allow you to refresh your knowledge and see if there are gaps in it that need to be filled. The workshop will also give you the tools to work and communicate with management and CFOs
Product Managers and Product Owners
The workshop will equip you with basic knowledge of financial metrics and teach you how to build a profit and loss sheet (PnL) so you can show you have a great control over the product. This will make it easier for you to compete for a promotion, a pay raise or simply for more autonomy.
People who pursuit to start a product career
You will learn how product teams are organized and managed, how product success is measured financially. You will learn tools that will set you apart in the job market.
Agenda
Introduction
How much financial responsibility the product team should have – from CPO to Product Managers. How the organizational structure is reflected in the profit and loss statement (PnL)
Financial metrics
You will learn about the financial model and what is ROI, Break Even, Payback period, Cashflow, Internal rate of return (IRR) and Net present value (NPV), Depreciation, EBIT and EBITDA
Other important metrics
We will also discuss other metrics that are components of the model, e.g. customer acquisition cost (CAC), conversion, retention and churn, MRR and ARR
Building a Profit and Loss (PnL)
During the exercise, we will build a budget for selected products to practice gained knowledge
About the speaker:
Wojciech Ozimek
CEO, Rokanan Group
Product Leader with passion for music-tech. Currently, Head of Products at My3Daudio Ventures, previously Head of Product Management at XPLUS where he was responsible for a multi-milion software product portfolio. He has almost 12 years of experience in designing and building products and was the founder and first chapter president in the Product Development and Management Association in Central Europe. Musician and immersive producer in spare time.
- Introduction
How much financial responsibility the product team should have – from CPO to Product Managers. How the organizational structure is reflected in the profit and loss statement (PnL)P
- Financial metrics
You will learn about the financial model and what is ROI, Break Even, Payback period, Cashflow, Internal rate of return (IRR) and Net present value (NPV), Depreciation, EBIT and EBITDA
- Other important metrics
We will also discuss other metrics that are components of the model, e.g. customer acquisition cost (CAC), conversion, retention and churn, MRR and ARR
- Building a Profit and Loss (PnL)
During the exercise, we will build a budget for selected products to practice gained knowledge
About the speaker:
Wojciech Ozimek
CEO, Rokanan
Product Leader with passion for music-tech. Currently, Head of Products at My3Daudio Ventures, previously Head of Product Management at XPLUS where he was responsible for a multi-milion software product portfolio. He has almost 12 years of experience in designing and building products and was the founder and first chapter president in the Product Development and Management Association in Central Europe. Musician and immersive producer in spare time.
Voices of our customers
Several dozen companies from various markets. From Fortune 500 to local innovators.
Product Management training was very practical. Our team learned many new techniques and tools that were quickly adopted in our daily work, contributing to the improvement of the NPD processes in the capital group.
Our cooperation with Rokanan helped us to increase efficiency of our Products Introduction. We highly recommend Rokanan to any organisation striving to improve its NPD process.
Register for the session
Early Bird
€120
Valid until:
19.08.2022
Normal
€150
Valid until:
30.08.2022
Last Minute
€180
Valid until:
20.10.2022
* We offer group discounts, PDMA members have 10 % discount
* We reserve right to change the date when the group is not formed
Registration form
