Matching Pairs Product vs ProjectOnline version PdM vs Project by Cheryl Badger 1 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. 2 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’. 3 The process of conceiving, planning, developing, testing, launching, delivering, and withdrawing products in the market. 4 Collaborates with the development teams to develop products using the stories from the Prioritized Product Backlog 5 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 6 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. 7 Anything offered to a market to solve a problem, satisfy a want, or resolve a need. Products have life cycles with multiple stages. Product Product Management Project Manager Product Manager Project Project Management Product Owner