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)|