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What's the PO's responsibilities after product launched?
What's the PO's roles and responsibilities after the product has been launched? PO takes over all the responsibilities, issues, known bugs, improvements to other units to handle or his/her responsibility never ends?
Isn't the product being launched each and every Sprint, giving the PO multiple opportunities to study value and thereby maximize it?
Doesn't that person 'own' the product?
What do you believe an owner's interest or responsibility should be?
Where does funding for this product come from?
Is there a budget for the ongoing development of the product?
A project has a predetermined end date but a product does not. Only when the product is no longer in use can it be considered finished. As long as the Product exists, the Product Owner should listen to the market and enter feedback from the market, customers or the legislator into the existing Product Backlog. I know that in many companies the development recourses of a product are taken away after the product has been realsed, but the management must be aware that such a product becomes outdated. Evidence-Based Management (EBM) is a good method to react to such requirements in the long run.
Two passages from the Scrum Guide's section that describes the Product Backlog
The Product Backlog is an ordered list of everything that is known to be needed in the product. It is the single source of requirements for any changes to be made to the product. The Product Owner is responsible for the Product Backlog, including its content, availability, and ordering.
The Product Backlog lists all features, functions, requirements, enhancements, and fixes that constitute the changes to be made to the product in future releases. Product Backlog items have the attributes of a description, order, estimate, and value. Product Backlog items often include test descriptions that will prove its completeness when "Done".
And one from the section that describes the Product Owner role
The Product Owner is the sole person responsible for managing the Product Backlog. Product Backlog management includes:
- Clearly expressing Product Backlog items;
- Ordering the items in the Product Backlog to best achieve goals and missions;
- Optimizing the value of the work the Development Team performs;
- Ensuring that the Product Backlog is visible, transparent, and clear to all, and shows what the Scrum Team will work on next; and,
- Ensuring the Development Team understands items in the Product Backlog to the level needed.
The Product Owner may do the above work, or have the Development Team do it. However, the Product Owner remains accountable.
So, how would you answer your own question based on that information?
The paramount responsibility of a product owner is to guarantee that the product creates value for its users, customers and the company. Product owners are the people who are in charge of product development. They are the leaders who manage the team and guide the product’s progress eventually helping the team to be successful. Product owner plays a pivotal role in every type of product development, particularly in the Agile methodology.
The evolution of the role of the Product Owner Certification and the scrum framework, that exists in an agile environment is deeply connected. Product owners are responsible for the success of the projects, connecting the developers, stakeholders, and users to create the best possible product. This job is a little of everything- marketing, sales, business, and technology.