Matching Pairs Product vs ProjectOnline version PdM vs Project by Cheryl Badger 1 The process of conceiving, planning, developing, testing, launching, delivering, and withdrawing products in the market. 2 Sets the strategy, prioritizes releases, talks to customers, and clearly defines features. Their efforts are ongoing and involve managing the entire lifecycle of the product. A product manager’s goal is to deliver a lovable product. 3 Anything offered to a market to solve a problem, satisfy a want, or resolve a need. Products have life cycles with multiple stages. 4 A temporary endeavor undertaken to create a unique product or service. There is a clear definition of what needs to be delivered and the date when it needs to be delivered. 5 Collaborates with the development teams to develop products using the stories from the Prioritized Product Backlog 6 Responsible for the successful execution of a project within a specific deadline and budget. They manage the development of the product by aligning available resources and managing issues and risks 7 Focuses internally to achieve specific objectives and complete the project on time and under budget. Once the project is done, that project is no longer ‘managed’. Product Product Manager Project Project Manager Product Management Product Owner Project Management
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