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This question is about what a product owner does and product owner.
What does a product owner own?
A product owner owns the value of a product. Their role is essentially responsible for maximizing product value. They own the product and are accountable for everything related to it.
A product owner is expected to wear many hats. They must serve as a functional expert and the go-to person in each area of the product. They own the complete product, and the role includes several tasks, including:
The product vision and defines product goals
Backlog management and prioritization
Communication and collaboration with key stakeholders
Communicating channels of team and stakeholders
Defines and manages the team's short and mid-term backlogs and ensures alignment of initiatives across teams
With that said, depending on the product type, the owner determines exactly what they own.
Scrum product owner who owns a product in its entirety and is responsible for maximizing the value it creates.
A feature product owner manages a major capability with which end users interact, such as searching and navigation on an online retailer's website.
A component product owner who owns an architecture building block like the persistence layer.
A platform product owner who manages a platform as a collection of shared software assets.
The SAFe product owner who owns the product details.
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