The Difference Between Product and Project Management
Metadata
- CiteKey: gomez_2021
- Type: webpage
- Title: The Difference Between Product and Project Management,
- Author: Gomez, Jose
- Journal: Koombea
- Year: 2021
Abstract
In today’s competitive business world, you need steady and experienced management to guide your strategies. Project management and product management are very important yet distinct positions, and they are often interchangeably confused by all levels of business executives.
In this article, you will learn about the definitions and differences between Product Management and its counterpart Project Management, and the responsibilities of Product Managers and Project Managers. Hopefully, it will help you understand the Product Manager vs Project Manager debate.
Files and Links
- File: Snapshot
- Local Library: Zotero
Tags and Collections
- Collections: Project Management
Comments
A product is anything that can be offered to a market to solve a problem, or to satisfy a want or need. Products have a cycle that consists of multiple stages. First, the product is conceived, then developed, then introduced and managed in the market, and finally, the product is retired when the need for it diminishes. Products are usually developed by a product team.
A project is a temporary endeavor that is undertaken to create a unique product or service. With a project, there is a clear definition of what needs to be delivered by a specified date in time. Like in the previous item, projects are usually carried out by a project team.