Full-Time

Principal Program Manager

Posted on 5/30/2026

PTC

PTC

5,001-10,000 employees

Product lifecycle management software and services

No salary listed

Pune, Maharashtra, India

In Person

Category
Business & Strategy (1)
Required Skills
Agile
Word/Pages/Docs
JIRA
SCRUM
Confluence
Data Analysis
Excel/Numbers/Sheets
PowerPoint/Keynote/Slides
Requirements
  • Bachelor’s degree; Masters and/or Project Management Professional certification preferred
  • 7-12 years of experience in product development organizations, with minimum of 5 years in a program or project management role
  • Good understanding and working knowledge of Agile Scrum software product development methodology, good knowledge of Scrum Master responsibilities; SAFe knowledge a plus
  • Comfort in managing multiple projects with multiple business partners in a fast-paced and dynamic team environment
  • Self-starter who can earn trust and can influence and motivate without authority
  • Ability to work independently, as well as mentor and support more junior colleagues as needed
  • Proactive in identifying and solving problems, looks beyond the obvious and can find the root of the problem
  • Excellent written and verbal communication and interpersonal skills
  • Is effective in different presentation settings especially with large groups
  • Proven ability to ‘Drive vs Coordinate’ to accomplish desired outcomes
  • Strong business acumen and high comfort level dealing with ambiguity
  • Ability to build and cultivate strong cross-functional relationships
  • Excellent facilitator, able to drive collaboration across the teams
  • High level of organization and attention to detail
  • Data savvy; Able to interpret data and use the knowledge for introducing optimization at different levels
  • Fluent with MS PowerPoint, Excel, Word, Project management tools (Jira/Confluence, Qlik, Smartsheet, MS Project)
  • Experience driving positive change via process improvement
  • Keen interest in learning new methodologies and willingness to be coached and mentored for senior level engagements
Responsibilities
  • Work with PM, Engineering & QA teams on delivering projects and releases to meet R&D strategic goals
  • Plan, schedule, and control the build, test, and deployment of releases
  • Enable and drive efficient release process / governance with no supervision
  • Proactively identify, communicate, and manage risks
  • Identify and manage dependencies, coordinate delivery across scrum teams
  • Measure release cadence and effectiveness using common metrics; own release dashboards
  • Drive process adoption, analyze current processes, identify gaps, and improve processes.
  • Introduce new processes as per business priorities with minimal to no guidance from the immediate manager
  • Coordinate release and backlog planning and prioritization between PM and R&D teams
  • Plan and lead periodic release status review meetings with senior management
  • Lead all change management activities and ensure timely decisions on change requests
  • Project manage functional working teams to implement actionable plans with strategic, technical, and tactical milestones
  • Build best practices and lead analysis for continued improvements through RCAs and retrospectives.
  • Drive strategic programs and engage the senior management and responsible stakeholders well while continuously grabbing opportunities to push the program forward.
  • Organize and lead cross-functional teams to ensure program execution from ideation and planning to successful implementation
  • Drive execution of assigned strategic initiatives through all required phases towards successful delivery
  • Define and use tools and business systems required to support existing process and best practices
  • Support R&D decision making through analytical reports and appropriate metrics; design and own R&D dashboards; establish status reporting for the cross-functional teams
  • Collaborate with other Program and Release managers to define and improve organizational standards for programs, releases, processes and best practices
Desired Qualifications
  • SAFe knowledge
  • Masters and/or Project Management Professional certification preferred

PTC provides product lifecycle management (PLM) software and related services for discrete manufacturers. It helps companies manage the full lifecycle of a product—from inception and engineering design to manufacturing, service, and disposal—using software licenses and subscriptions plus ongoing support. The product suite handles data and process management such as CAD data, BOMs, change control, collaboration, workflows, and analytics, often integrating with design tools to streamline development and manufacturing. The company differentiates itself by offering end-to-end lifecycle coverage for enterprise customers, backed by professional services and support, aimed at helping global manufacturers accelerate time-to-market and boost productivity. The goal is to enable digital transformation and more efficient product development and operations in manufacturing.

Company Size

5,001-10,000

Company Stage

IPO

Headquarters

Boston, Massachusetts

Founded

1985

Simplify Jobs

Simplify's Take

What believers are saying

  • The U.S. Army selected Windchill for enterprise product data management.
  • PTC reported 8.5% constant-currency ARR growth excluding divested businesses.
  • Strong free cash flow funds product investment and $2 billion buybacks through 2028.

What critics are saying

  • Dassault Systèmes and Siemens can outbundle PTC in large enterprise renewals.
  • SaaS transition failure leaves PTC trapped between legacy licenses and subscription churn.
  • Wrong AI outputs or data leaks in Windchill could stall adoption in defense accounts.

What makes PTC unique

  • PTC’s Windchill links CAD, PLM, and service data into one digital thread.
  • Onshape offers cloud-native CAD with real-time ECAD-MCAD collaboration through Altium integration.
  • Windchill AI Assistant searches engineering documents using natural language while preserving access controls.

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Benefits

Health Insurance

Dental Insurance

Vision Insurance

Life Insurance

Disability Insurance

Health Savings Account/Flexible Spending Account

Paid Vacation

Paid Sick Leave

401(k) Retirement Plan

401(k) Company Match

Tuition Reimbursement

Company News

Yahoo Finance
Mar 21st, 2026
PTC completes $523M Kepware & ThingWorx sale, raises FY2026 free cash flow guidance to $850M

PTC has completed the sale of its Kepware and ThingWorx businesses to TPG for $523 million, generating estimated net after-tax proceeds of $375 million and a $464 million gain. The transaction closed on 13 March. The company raised its fiscal 2026 free cash flow guidance to $850 million, with a transition services agreement expected to offset lost cash flow this year but create a $70 million headwind in fiscal 2027. Cash taxes are expected to rise towards GAAP rates, with fiscal 2027 taxes projected at $180–220 million. PTC plans to deploy the majority of free cash flow towards share repurchases, targeting total buybacks of $1.125–1.225 billion. The company will focus its remaining operations on intelligent product lifecycle management.

PR Newswire
Mar 17th, 2026
PTC connects Onshape CAD to NVIDIA Isaac Sim for faster robotics design-to-simulation workflow

PTC has announced a new workflow connecting its cloud-native Onshape CAD platform with NVIDIA Isaac Sim, enabling robotics teams to move from design to simulation in minutes whilst maintaining a single source of truth. The integration, unveiled at NVIDIA GTC 2026, allows mechanical relationships defined in Onshape to transfer directly into Isaac Sim. When designs change, simulations update automatically, eliminating the need to manually recreate joints and actuators after exporting CAD models. FANUC America Corporation is amongst the companies adopting the workflow. The cloud-native architecture, built on Amazon Web Services, keeps design and simulation synchronised throughout development, supporting faster iteration in robotics engineering. The integration aims to accelerate development cycles and reduce errors by removing friction in traditional manual handoff processes between design and simulation teams.

Yahoo Finance
Mar 15th, 2026
PTC posts 38% margins and 16-month payback as 11.6% ARR growth signals rising competition

PTC, a software company trading at $155.89 on Nasdaq, is demonstrating strong operational efficiency whilst facing slower subscription revenue growth. The company shows a customer acquisition cost payback of 16.8 months and an operating margin of 38%, indicating efficient new customer wins. However, annual recurring revenue growth stands at 11.6% year-on-year, suggesting increased difficulty in expanding existing customer relationships amid rising competition. The stock has returned 31.3% over three years and 20.2% over five years. The company faces a strategic choice between increasing sales and marketing investment to capitalise on its customer acquisition efficiency, or focusing on product and pricing adjustments to boost recurring revenue per customer. How management navigates this balance will be crucial for future performance.

Yahoo Finance
Mar 11th, 2026
PTC stock drops 21% in 6 months despite 38% operating margin and 16.8-month CAC payback

PTC, a software provider for product design and development, has dropped 21.4% over six months to $162.75 per share, now trading at 6.9× forward price-to-sales. The company demonstrates strong operational efficiency with a customer acquisition cost payback period of 16.8 months and an operating margin of 38% over the past year. These metrics suggest effective management and rapid recovery of sales investments. However, annual recurring revenue of $2.49 billion grew just 11.6% year-on-year on average over the last four quarters, indicating weaker demand and potential competitive pressures in securing long-term customer commitments. Originally Parametric Technology Corporation until 2013, PTC provides computer-aided design, product lifecycle management and related software solutions for manufacturers.

PR Newswire
Feb 26th, 2026
PTC's Onshape launches cloud-native model-based definition for integrated manufacturing data

PTC's Onshape has launched a cloud-native Model-Based Definition (MBD) capability, integrated directly into its CAD and PDM platform. The system allows engineering teams to embed manufacturing information directly into 3D models, creating a single, always-current product definition. The capability includes integrated 3D annotations for design specifications, a smart inspection panel for organising product manufacturing information, and shareable MBD views accessible via browser without exports or plugins. Built on AWS infrastructure, the platform maintains intelligent links between annotations and geometry as designs evolve. The system supports downstream workflows with STEP AP242 export and integration with inspection tools like PC-DMIS and AS9102. Early adopter Bombardier reports the technology has reduced rework and review cycles for aircraft manufacturing under regulatory oversight.