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