A certified Scrum product owner (CSPO) is liable for maximizing a product’s value created by the development team. Those interested in the business side of different projects should aim to get the certified Scrum product owner (CSPO) certification from a legit organization. The certificate will undoubtedly be worth the bucks if you are into working with the Scrum team and leading product development.

What Is Scrum?

For students wondering “what is scrum," it is a framework within which one can address complicated adaptive problems and creatively deliver products of the best possible quality. Scrum is a widely used agile and lightweight set of values, practices, and principles helping users, teams, and organizations generate productive results through adaptive solutions for critical issues.

Primarily, Scrum depends on cross-functional teams for delivering products and services in short cycles to enable:

• Quicker feedback
• Fast innovation
• Continual development
• Rapid adaptation to change and upgrades
• Accelerated pace from idea to delivery

The Scrum framework guides product creation while focusing on the value and high visibility of progress and helping teams work together to bring an idea to life and make customers happy.

5 Core Scrum Values

Scrum is a framework of roles, practices, and various standards, allowing users and organizations to find the ideal solutions. The central Scrum values upon which the frame is based are commitment, focus, openness, respect, and courage. Let’s take a deeper look into the Scrum values:

1. Commitment – A Scrum team should be committed to achieving the objectives, work as a team, and be accountable for fulfilling the obligations. Such values are further expressed in three ways:
2. Sprint-based commitment – Sprint goals are realistic goals that need to be achieved quickly.
3. Commitment as an individual – One must contribute 100% to achieve the sprint goal. S/he should exhibit interest and commitment to learn, collaborate, and follow the Scrum values while working.
4. Commitment as a team – Individuals, should embrace adaptability and target to achieve the project goals. In case of any issue, everyone must work together to find a solid solution.

• Focus – When the requirements are precise, and the goal is set, the only way to achieve your goal is to become focused and goal-oriented. That way, you'll be motivated to yield better and faster results. Also, when you are focused, you are less likely to waste resources and deliver the needful within the targeted time.

• Openness – The Scrum members should be open about work, progress, strategies, and challenges they are encountering. Every individual should be available for teamwork and work together to meet the primary goals.

• Respect – Respecting team members, their decisions, and their experiences are paramount. In addition, one must respect diversity in the team and adhere to the Scrum framework to fulfill their roles' objectives.

• Courage – Scrum requires teams to take risks and find concrete solutions. Therefore, the groups should adopt different approaches to develop the most suitable solutions.

The Components of Scrum

Scrum is the critical component of agile software development, an iterative approach for developing fast-working software quickly and effectively. The Components of Scrum include:

• Scrum Roles
• Scrum Events
• Scrum Artifacts
• Scrum Rules

Scrum Roles

These roles are of the people participating in specific Scrum positions responsible for doing certain things. The three primary roles are:

• Development team – It includes the developers with different competencies, skills, and positions like programmers, designers, quality control, architects, engineers, business analysts, and others working on the project.
• Product Owner – It represents stakeholders and anyone responsible for delivering value to the business. Stakeholders can be the clients, directors, employees, and consultants. The Product Owner role comprises individuals with high field knowledge who can provide constructive judgment for each task.
• Scrum Master – The role of a Scrum Master is to make sure the development team works according to the values and Scrum framework by creating comfort, removing barriers, and educating the group about productivity, self-organization, responsibility, and discipline.
• Scrum Team – The Scrum team includes all Scrum roles – the development team, product owner, and Scrum master.

Scrum Events

Scrum events are meetings with a specific purpose. The official Scrum events are:

• The Sprint – The heartbeat of Scrum bringing a product closer to the product goal.
• Sprint Planning – Establishing the sprint goal, what should be done and how.
• Daily Scrum – The developers inspect the progress of achieving the sprint goal, adapt the sprint backlog, and adjust the time for upcoming work.
• Sprint Review – The team inspects the sprint’s outcome and determines adaptations based on the feedback from the shareholders.
• Sprint Retrospective – The scrum team inspects the outcome of the last sprint, interactions, processes, use of tools, and definitions of done. It identifies the areas of improvement to make the next sprint better and more effective.

Scrum Artifacts

Scrum artifacts are different elements used regularly. The Scrum team and other non-team stakeholders prioritize these artifacts to evaluate the product development processes and relevant activities and review progress. The official Scrum artifacts are:

• Product Backlog – Product backlog describes ideas, items, and development proposals accumulated in the list.
• Sprint Backlog – The list of tasks the development team must complete within a specific time.
• Product Increment – The product increment is the current version of a product that contains all the details of the previous work on the product.
• Sprint Goal – The sprint goal is a common goal of the current sprint where the team decides the length of the goal text and what it should contain.
• Definition of Done – It is a set of criteria that the Product Backlog Items must meet to become a part of a product increment.
• Product Vision – The description of a product or a "product vision" containing several sections of information related to the users, competitors, advantages, promotion methods, ways of distribution, etc.
• Burn-down Chart – A graph showing the finished work and the remaining time in a sprint. It also helps the team to track progress at a glance.

Scrum Rules

The primary purpose of scrum rules is to optimize the development process and reduce time wastage. Here are the basic Scrum rules:

• Every sprint’s duration is four weeks or less
• No breaks between sprints
• The length of every sprint is the same
• Every sprint’s intention is “potentially shippable” software
• Every sprint will involve sprint planning time-boxed to 2 hours/week
• The daily Scrum should occur daily at the same time
• The daily Scrum should be time-boxed to 15 minutes
• Every sprint must involve a sprint review for stakeholder feedback on the product
• Every sprint must include a sprint retrospective for the team
• Review and retrospective meetings should be time-boxed in total to 2 hours/week
• No breaks between sprint review and retrospective meetings

Why Should You Become a Certified Scrum Product Owner?

A certified scrum product owner’s responsibility is to boost a company’s business and product value from the developed products of the Scrum team. It is the certified scrum product owner who is the face of the product. S/he is supposed to envision the product and interact with the customer to understand the specifications.

Check out the perks enjoyed by a certified scrum product owner:

• You’ll be recognized as the professional manager of the Product Backlog.
• You’ll get to prioritize and change items on the Product Backlog.
• The certification of the certified scrum product owner holds the same weightage as other educational degrees.
• You get to learn things from scratch without any prerequisites.
• The certified scrum product owner certification opens the doors to lucrative job roles with high packages in reputed companies.
• The certified scrum product owner certification is the foundation course. So on completing it, you automatically become eligible for other advanced Product Owner certifications.
• It improves your earning potential and brings in higher salaries and incentives.
• You get to interact with varied customers and get the first-hand experience of learning new approaches for handling different customers.
• The certified scrum product owner certification course gives insight into dealing with the teams and understanding the client’s requirements.
• The certified scrum product owner certification brings you two years of membership in Scrum Alliance, allowing you to join user groups, online social networks, and other member-only resources.

Certified Scrum Product Owner Salary

The certified scrum product owner's salary varies by country and company. Nonetheless, here's a list of average salary packages of professionals with certified scrum product owner certification:

Country-Wise Salary

Designation-based Salary

Certified Scrum Product Owner Salary Based on Experience

Years of Experience	Salary per annum (in USD)
<1	64,000 - 75,000
1-4	75,000 - 90,000
5-9	90,000 - 103,000
10-19	105,000 - 107,000
20+	>107,000

 

Top Companies Hiring Certified Scrum Product Owner Professionals

Company	Salary Range in USD
Capital One Financial Corp	$63k - $155k
Amazon.com Inc	$101k - $158k
Fidelity Investments	$62k - $111k
General Electric Co (GE)	$88k - $151k
The Walt Disney Company	$65k - $157k

PSPO vs. CSPO Certification – Which Is Better?

When it’s Certified Scrum Product Owner vs. Professional Scrum Product Owner or CSPO vs. PSPO certification, note that both certificates are good and come with their benefits for Product Owner. However, CSPO certification requires renewal every 2 years, allowing the individual to stay at par with the latest industry trends. At the same time, PSPO is a one-time certificate that primarily focuses on understanding the role of the Product Owner.

As for CSPO vs. CSM certification, the CSM certification covers the fundamentals of the Scrum framework. It reviews the basics given in the Scrum Guide and prepares you to become the impediments remover for your Scrum team. On the other hand, the CSPO certification is for someone already aware of the Scrum guide and wants to advance in Scrum education and specifically focus on the unique aspects of the Product Owner job role.

The fight - CSPO vs. PSPO is pointless if you don’t figure out your long-term goals. For instance, if you are a job seeker and want to stay updated with the agile industry trends and methods and enhance your resume, CSM certification would be right for you. On the contrary, if you are interested in understanding and communicating your company’s stakeholders’ views on product development, CSPO is your certification.

Still, confused about which is the right certification for you – PSPO vs. CSPO or CSPO vs. CSM certification? Worry not! Sign up for our online courses, including SCRUM essentialities, and soar high in your academic pursuits.

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