Product Management Vs Project Management

Hi Everyone!!

I hope, all of you are doing great and staying safe. As I continue my journey in the product space as a Product Manager, I keep on witnessing several instances where people tend confuse Product Management with Project Management. Even it happened to me as well when i was new to this space. So based on my experience so far, today, in this blog i would be throwing some light on the fine line that segregates Product Management from Project Management.

Product management versus project management. These two disciplines are related but they’re not the same thing. Let’s take a look at the key differences between them.

Think of it this way; product management is the discipline of making sure that people will enjoy what you make, find it valuable or that it can integrate successfully with other tools and components. Product management make sure that what is made is useful and valuable. It mainly focuses at resolving the problem of the consumers.

Whereas Project management make sure that what you are making can be created. It determines the schedule, available resources and evaluates if there is enough time, resources, and budget to get the project done.

Think of your product as a circle. Outside of the circle are the users or components that need to work with the product. On the inside are the individuals that will need to make the product. The role of product management is to gather what the users or dependencies need in the product and translate that into things or features for the team to build.

The role of project management is a schedule the work that needs to be done. Monitor how well the team is doing at completing their project and communicate back to the product manager. Both of these are unique disciplines that have an inward and outward perspective on what needs to be made.

But that doesn’t mean that there needs to be both a product manager and a project manager on a team. In fact, often the product manager does both product and project management and works internally and externally.

Regardless of who does what, product management focuses on making something that people want that solves a problem while project management focuses on the feasibility of building what needs to be built. In much simpler word Product Management defines the solution of Problem Statement ( what needs to be done part) whereas Project Management takes care of how that solution can be implemented by connecting all the dots.

Hope you find this short post useful.

Would also like to have your valuable feedbacks through comments.

Many Thanks!

Regards,

Subhadeep Pal.