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Discussion on: I spent 30 years coding full-time, then I switched to full-time management and leadership. Ask me anything.

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Lorenzo Pasqualis

The more technical knowledge you have, the better you can be as a PM. That said, it all depends on the type of teams you are working with, mostly so that you can follow the nuances of the discussions.
I'd recommend focusing on soft skills before you focus on technical skills. You can add much more value as a great people person than a somewhat technical PM. Becoming "technical" as a PM will take a long time before it brings value, but focusing on people skills will make you stronger much faster.