![]() Products tend to be maintained by a stable group of individuals who do work together regularly and who bring in others as needed’’. that is created, maintained and supported by solving problems and providing benefits to specific customer and business needs. ![]() A product on the other hand is, ‘’A good, service, platform, application, system, etc. At the end of a project, the team is usually disbanded and assigned to new projects with new team members’’. The Project Management Institute (PMI) defines a project as: ‘’A project has a defined beginning and end in time and is unique in that it is not a routine operation, but a specific set of operations designed to accomplish a singular goal and often includes people who don’t usually work together. Let us first illustrate the difference between ‘’product’’ and ‘’project’’. The clarity in differentiating these roles is important for effective collaboration and bringing a product successfully to the market. And the project manager focuses on all the cross-functional work, making schedules and budgets. The product owner works with the development team to ensure that the right experience is being built. The product manager designs the product and defines what the ideal customer experience should be. While it is true that their functions and objectives overlap in organizations, there are stark differences that separate their work. The terms ‘ ’ product manager’’, ‘’ product owner’’ and ‘’ project manager’’ are often seen as synonymous with each other. Note -Knowing the differences between product management, project management and product owner roles will help you understand how to contribute to your organization in a meaningful way. ![]()
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