Monday, September 17, 2012

diference between Product, Project and Program Management

Product, Project and Program management words looks same and the concept also looks similar. Fact they are all management role so Confusing them is common, even among those experienced in product development.

Below is the quick summary how they differ.

Project management is the act of creating plans and managing resources in order to accomplish a project. A project is a scheduled undertaking for the purpose of creating a product or service. Some put analogy that Project Management is like a midwife.

Program Management, on the other hand, is the act of creating and managing multiple projects, most of the projects are usually related to one another.

Project management is usually short-lived with specific time constraints while program management is an ongoing process in order to achieve the goals and objectives.
The job of a project manager usually involves working on finite projects or objectives. The program manager works more often with strategy

Product Manager is akin to the mother he/she conceives the idea, runs with it for many months, through requirements gather, development, test and UAT, goes through the painful exercise of bringing that product to market and then supports it until it is made obsolete. The Product Managers job is never done!


Project managers are responsible for the successful delivery of a project — a one-time endeavor with a goal, scope, deadline, budget, and other constraints. A project manager will work to align resources, manage issues and risks, and basically coordinate all of the various elements necessary to complete the project. As they relate to products, projects can be undertaken to build a product, to add new features to a product, or create new versions or extensions of a product. When the project is complete, the project manager will usually move move to a new project, which may be related to a different product.

Good product managers and good project managers are able to create a balance of these conflicts. Good project managers know that the true success of a project is not whether it is on time and within budget, but whether it meets the defined goals and objectives. Good product managers know that all the features in the world will not matter if the project is continually delayed and never makes it to market or if it is too over budget to be completed.

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