A product manager is responsible for interacting with and understanding the requirements of the clients for whom the product has to be built. They decide on the features that could be added to the product, the timelines, and the budget required to deliver them to the clients. They interact with stakeholders and focus on the vision of the product and the return on investment. They decide if it is worth developing the product based on market research and consumer needs. They work closely with the sales and marketing department and play a key role in beta releases and other pilot programs.