Product Management vs. Project Management

A product can be a service, process, report, policy, web application or website that satisfies the needs of a group of users. It goes through a life cycle, being developed and introduced on the market, grown and improved upon, and retired once it’s no longer needed. 

A project is a one-at-a-time endeavour with the goal of creating a product. It has a start and end date, as well as a defined outcome.

Product (Strategic)	Project (Tactical)
Talk to users to gather info and requirements Identify problems and opportunities Define features Know when a product is ready to move from alpha to beta testing Know when to kill a product	Develop project timeline Spot and minimize issues early Assign tasks and deadlines Manage task lists, materials, reports, and people to provide project team with their needs Bring project to completion