Product Managers have no specific background, and indeed are prepared adapt to multiple challenges. Its set of working methodologies is constantly changing (Agile, Scrum, Jobs To Be Done) in relation to product features. Product Management, while not fully new, responds to the requirements of the digital revolution. It is very important that project owners are aware of future pitfalls, have meticulous scheduling and keep a tight rein on expenses. Their success or failure is measured through project-dependent metrics. Projects have explicitly defined targets, along with an exhaustive description of timeframes, tools, teams and any other elements that are required. Project Managers have a specific background, making them experts in solving particular challenges. Project Management is an established set of working methodologies which allows professionals across all sectors to organize their work in an efficient, timely and money-conscious way. Let’s start with the differences, shall we?įirst of all, brief definitions are in order: Differences Between Project and Product Management Nothing beats Product Managers’ cross-team navigation skills and their ability to zoom in-and-out. An important aspect of the previous century of commercial offerings was their long-term duration today, online applications can change on the same day. While building on the methodical and efficient approaches devised by Project Managers it is something more attuned to the challenges of digital products. Product Management belongs to a more contemporary era. Of course, it began informally thanks to the initiatives of smart individuals then it became formalized in education and training processes. The triumph of mass products like the car, the television or even the personal computer had a lot to do with the application of organizational doctrines like Project Management. Then, the invention of technology and modern work required the development of management processes.Ĭompanies seek efficiency: to make as much profit as they can, with the smallest investment possible. For a long time, most of us worked following the rhythm of harvests and seasons. Everything we know about work changes with technology.
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