Progesterone is an important hormone produced in the ovaries, testes, and placenta. It plays a key role in maintaining pregnancy by preventing shedding of the uterine lining and reducing uterine contractions. Progesterone levels rise after ovulation in preparation for potential implantation of a fertilized egg. If implantation does not occur, progesterone levels fall and menstruation begins. Progesterone is also involved in sperm development in males.