What Is Project Management?

What Is Product Management?

Product management deals with the planning, forecasting, production, and marketing of a product or products at all stages of the product life cycle.

What Is a Product Manager?

Project managers plan, execute, monitor, control, and close projects.

Product managers are in charge of the overall and continuous success of a product throughout its entire lifecycle. Product managers perform product strategy and market research, taking a long-term view and deciding what direction the product should grow in based on factors like customer needs. The goal of a product Manager is to maximize value and create new revenue streams.

The product manager role is both external and internal, manages up and down, and spans technical, business, and operational domains.

What Is Project Management?

Project management is the application of processes, methods, knowledge, skills, and experience to achieve the objectives of a project.

What Is a Project Manager?

Project managers are responsible for the successful delivery of a project within a specific deadline and budget, with a clear beginning and end. Project managers administer the development of the product by using available resources and managing issues and risks until a project is completed.

Project management skills

  • Understand the big picture

  • Communication

  • Problem solving

Difference Between Project Management and Product Management

A project is an attempt to create a product or service by a certain date in time.

With a product, on the other hand, there is no clear direction, since customer needs evolve over time, and products must evolve accordingly.

A project manager delivers a project and then moves on to the next one. Once the product is delivered the manager hands the responsibility over to the product manager.