What Are the CPOA Certification Benefits?

The Product Ownership Analysis Certification (CPOA) Program offered by IIBA acknowledges the combination of Business Analysis and Product Ownership with an Agile approach to maximize value. In this blog, we will discuss the fundamentals of product ownership Analysis (POA), CPOA certification benefits, and job opportunities in 2022 which will prepare you to negotiate the hurdles that come with developing successful products.

CPOA Certification Credibility

CPOA certification has been precisely designed to comply with the International Standards Organization’s (ISO) ISO/IEC 17024 conformity assessment, which outlines the requirements for certifying personnel competence. The IIBA CPOA certification is a decent starting step for shifting from business analyst to product owner training and switching from business analyst to product owner. Employers will be informed of your knowledge and expertise as a result of earning this certificate, which will help them to create and deliver high-value products.

CPOA Integration with Agile

The IIBA (International Institute for Business Analysis) launched their Guide to Product Ownership Analysis (POA) barely a few months ago. As a well-known business analysis institute, IIBA shared its thoughts on how BA skills could be effective in product ownership/management with an agile approach. On an Agile team, a Product Owner can be any number of people. “A product owner is typically a lead user of the system or someone from marketing, product management, or anybody with a strong awareness of users, the market, competitors, and future trends for such domain or agreed ways of working being developed,” 

The IIBA CPOA certification is primarily for persons who are just starting out in their careers or who want to switch to a career in product ownership Because there are no prerequisites in terms of prior experience or education, the program is accessible to almost anybody. All you can do to become an IIBA CPOA is sign the IIBA’s code of conduct and pass the IIBA CPOA exam.

Benefits Of Obtaining the IIBA CPOA Certification

Product Ownership Analysis is a discipline that may help teams create and deliver outstanding products and services to their consumers. It equips business analysts with the standards, processes, techniques, and competencies they need to add value. ​Obtaining IIBA CPOA certification provides a number of significant advantages:

• The IIBA CPOA credential combines business analysis and product ownership knowledge and practises.
• It provides an opportunity to learn key principles that serve as the foundation for developing a successful product.
• Professionals who presently work in product ownership and business analysis, as well as those who aspire to work in this industry, will have CPOA certification benefits from learning and improving key product owner analysis abilities.
• The IIBA CPOA credential provides holders with the strategic and tactical knowledge needed to improve the product development process. Value stream mapping, user stories mapping, product roadmaps, narrative deconstruction, and a minimal viable product are examples of tools and methodologies to master.
• The certificate demonstrates an awareness of the tasks and responsibilities of product management.
• The IIBA CPOA curriculum teaches you how to use agile and product ownership analysis.

Who Is Eligible for IIBA CPOA Certification?

Unlike many other IIBA® certificates, there is no requirement to submit an application that must be accepted before taking the exam. The lack of an application suggests that this is a less stringent certification for those just starting out in their careers. Because there is no application, there are no minimum education or experience criteria, therefore pretty much anyone who wants to take the exam can do so.

All that is required to become IIBA CPOA eligible is that you sign the IIBA’s code of conduct and pass the IIBA CPOA exam. The following people will gain the most from the certificate:

• Those who are currently employed as product owners.
• Those who are currently employed as business analysts.
• Professionals who aid in the job of product owners.
• Professionals who carry out product ownership-related responsibilities
• Those who are thinking about pursuing a profession in product ownership.

A bachelor’s degree is typically required to work as a product owner, with some organizations stating that those with a master’s degree in business administration are preferred (MBA). As a product owner in the industry, most employers require at least two years of experience, with many successful candidates demonstrating strong managerial attributes such as excellent verbal and written communication skills, along with a proven track record of developing excellent products within tight deadlines.

IIBA CPOA Certification Exam Cost

For those interested in taking the IIBA-CPOA exam, the IIBA provides a variety of programs. There is set pricing for the exam, a bundle that includes both the POA digital resources and the exam fee, and a bundle that includes both the POA digital resources and the exam fee.

You’ll receive POA resources in PDF format as well as digital access to online modules of POA learning materials once you pay this charge. This choice gives you the most bang for your buck, as it includes the exam price, PDF resources, and digital access. If you want to obtain IIBA-CPOA certified, keep an eye on the IIBA website because they frequently give discounts on all packages. There is no application fee for IIBA-CPOA certification.

CPOA Certification Salary and Jobs Titles

There are numerous CPOA certification benefits that will assist you in overcoming the challenges that come with developing successful products.

An individual working as a Product Owner in India can expect to earn an annual income of 16,56,134. Product Owner salaries may be found by filtering by location. Employees at Product Owner submitted salaries to Glassdoor, with the most recent salary data collected from 775 employees. 

Further, According to ambitionbox, Product Owner salaries in India range from Rs 8.0 lakh to Rs 31.7 lakh, with annual compensation of Rs 17.5 lakhs on the lower end of the scale. 3.3k wages were obtained from Product Owners, which served as the basis for salary estimations. In contrast, the average beginning salary for a Product Owner in India is approximately Rs. 8.0 lakhs per annum (66.7k per month). Product Owners do not necessarily have any previous experience.

Various job titles are associated with CPOA. these titles are as follows:

• Associate Product Manager
• Product Owner
• Group Product owner
• Head of Product 
• Vice President of Product Management
• Chief Product Officer

Conclusion

Many Business Analysts have found themselves moving into Product Owner jobs or aiding a Product Owner in the performance of their tasks in the process. Being a Product Owner is similar to being a Business Analyst on steroids, except that you are at a higher level and have greater authority. CPOA courses are taught by certified training institutes such as Techcanvass. You can find a list of nearby or online training courses, as well as forthcoming exam prep options, on the IIBA’s list of recognized education providers (also known as EEPs). These courses training by Techcanvass are designed to correlate with the exam syllabus and are based on the CPOA Exam Guide.