DIFFERENCE BETWEEN PRODUCT MANAGEMENT AND PROJECT MANAGEMENT

🗓️08th February 2024, 🕗 4 mins

1. Product vs. Project
   A product is a good or service supplied to a market to fulfill a desire or address a need. The life cycle of a product includes several stages: conception, development, introduction, management, and removal.
   A project is a group of tasks started with the intention of developing a new good or service. Projects consist of a list of definitive steps, each having a designated/desired completion time.

2. Product Management vs. Project Management
   Product management refers to the company's processes for planning, developing, and marketing goods or services throughout its life cycle.
   Project management refers to the process of overseeing the completion of the project objectives in a timely manner through applying knowledge and skills.

3. Manager Responsibilities
   Product managers are responsible for overseeing the development and launch of new products and ensuring goals pertaining to the product are met after it is introduced to the market.
   Project managers are responsible for defining the project's scope, objectives, and goals. They ensure the project is on track and the project team accomplishes all the set goals using management tools like GitHub.

4. Dynamic Between the Two
   Product management involves overseeing all the activities related to the product, from the conceptual idea of the product until it is removed from the market.
   Project management involves overseeing all the activities related to the development of the project before it is handed over to the product manager.

Source: Gomez, J. (2023, September 1). Product Manager Vs. Project Manager: What are the Differences?

www.koombea.com/blog/product-manager-vs-project-manager/