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Differences Between Project and
                                          Product Management
Introduction
Despite the similar names, there are big differences between product management and project
management. The confusion between the two roles is common and potentially harmful to
organizations who do not acknowledge the distinction. This is often the case for companies that
develop web-based and technology products.
A common challenge is that the two roles often appear to be at odds with each other. A product
manager may want to add a lot of features to meet customer needs, but the project manager may
want to limit the scope so that the project is delivered on time and under budget. Often traditional
definitions mischaracterize the project manager as singularly focused on getting a specific product
release finished on time and under budget without any concern as to whether it meets the needs of
the market or customers.
A comparison of the Product Management Body of Knowledge (ProdBOK) and the PMBOK will be
presented. We will discuss the similarities and major differences in the two roles and how they work
together within companies that consistently transform product innovation to profit.


1. Both roles guide key _______                       4. Product Managers maximize
   and _____________.                                    ______ and ______.

2. Both roles impact _______ and                      5. Both roles collaborate to deliver
   ______.                                               ________ and ______.

3. Project Managers minimize ____
   and ______.

Connect with me for information about AIPMM membership or training courses in your area.
Let me know how I can help you accelerate your career, connect with others, or create and
implement a product and innovation strategy and process successfully to grow your technology-
based business using a sustainable approach.


                    Hector Del Castillo, PMP, CPM, CPMM
                    Transforming products to profit for technology-based organizations.TM
                    Product Marketing Director
                    Association of International Product Marketing and Management (AIPMM)
                    Contact: hmdelcastillo@aipmm.com Connect: linkd.in/hectordelcastillo
                    Follow: @hmdelcastillo                Browse: www.aipmm.com




                                   © 2013, AIPMM, All Rights Reserved.
Upcoming Events
Announcements
Newsletter                                                   Slideshare
http://www.aipmm.com/subscribe                               http://bit.ly/NIHPMC131
Upcoming Webcasts
http://bit.ly/AIPMMWebcasts
Join AIPMM
With members in 65 countries, AIPMM is the world’s
largest association focused on connecting product team
professionals with each other and providing educational
opportunities and tools to boost your productivity.
Become an AIPMM member: http://bit.ly/JoinAIPMM.


Certified Innovation Leader (CIL®) Prep Course               Creating Value Through Collaboration (16 PDUs)
(16 PDUs)
This course arms you with the knowledge and skills This course is designed by Lee Lambert of the Lambert
required to lead innovation efforts in your company, Consulting Group and Greg Geracie of Actuation
creating a culture of effective innovation throughout the Consulting.
entire lifecycle.
                                                              This course teaches project managers what to expect from
The last two hours of the second day will be an product management and vice versa, how to discover blind
administration of the Certified Innovation Leader (CIL®) spots and risks within the product development process,
certification exam, which can give you an additional and how to change the critical product management
credential in your field. This course also offers 16 PDUs for relationship from a collision course to a powerful
PMI® certified Project Management Professionals (PMP®). partnership. This course offers 16 PDUs for PMI® certified
This course offers 16 PDUs for PMI® certified Project Project Management Professionals (PMP®).
Management Professionals (PMP®).
                                                              This course is designed for experienced project managers,
Price includes the Certified Innovation Leader (CIL®) program managers, technology managers, business
certification exam fee ($395 value) and a premium AIPMM analysts, and other experienced cross-functional managers
membership ($175 value).                                      who want to expand their ability to create value through
                                                              collaboration in the product development process and
                                                              drive improved outcomes.
Mar 5-6, 2013, Teqcorner, McLean, VA          Mar 7-8, 2013, Teqcorner, McLean, VA
Price: $1,697                                 Price: $997
Promo: $1,597 (Save $100) Must use promo code Promo: $947 (Save $50) Must use promo code 50PMC132
100PMC131 and register by Mar 1st.            and register by Mar 1st.
For information: http://bit.ly/CILCourse                     For information: http://bit.ly/CVCourse




                                           © 2013, AIPMM, All Rights Reserved.

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Webcast Worksheet - H. Del Castillo, AIPMM

  • 1. Differences Between Project and Product Management Introduction Despite the similar names, there are big differences between product management and project management. The confusion between the two roles is common and potentially harmful to organizations who do not acknowledge the distinction. This is often the case for companies that develop web-based and technology products. A common challenge is that the two roles often appear to be at odds with each other. A product manager may want to add a lot of features to meet customer needs, but the project manager may want to limit the scope so that the project is delivered on time and under budget. Often traditional definitions mischaracterize the project manager as singularly focused on getting a specific product release finished on time and under budget without any concern as to whether it meets the needs of the market or customers. A comparison of the Product Management Body of Knowledge (ProdBOK) and the PMBOK will be presented. We will discuss the similarities and major differences in the two roles and how they work together within companies that consistently transform product innovation to profit. 1. Both roles guide key _______ 4. Product Managers maximize and _____________. ______ and ______. 2. Both roles impact _______ and 5. Both roles collaborate to deliver ______. ________ and ______. 3. Project Managers minimize ____ and ______. Connect with me for information about AIPMM membership or training courses in your area. Let me know how I can help you accelerate your career, connect with others, or create and implement a product and innovation strategy and process successfully to grow your technology- based business using a sustainable approach. Hector Del Castillo, PMP, CPM, CPMM Transforming products to profit for technology-based organizations.TM Product Marketing Director Association of International Product Marketing and Management (AIPMM) Contact: hmdelcastillo@aipmm.com Connect: linkd.in/hectordelcastillo Follow: @hmdelcastillo Browse: www.aipmm.com © 2013, AIPMM, All Rights Reserved.
  • 2. Upcoming Events Announcements Newsletter Slideshare http://www.aipmm.com/subscribe http://bit.ly/NIHPMC131 Upcoming Webcasts http://bit.ly/AIPMMWebcasts Join AIPMM With members in 65 countries, AIPMM is the world’s largest association focused on connecting product team professionals with each other and providing educational opportunities and tools to boost your productivity. Become an AIPMM member: http://bit.ly/JoinAIPMM. Certified Innovation Leader (CIL®) Prep Course Creating Value Through Collaboration (16 PDUs) (16 PDUs) This course arms you with the knowledge and skills This course is designed by Lee Lambert of the Lambert required to lead innovation efforts in your company, Consulting Group and Greg Geracie of Actuation creating a culture of effective innovation throughout the Consulting. entire lifecycle. This course teaches project managers what to expect from The last two hours of the second day will be an product management and vice versa, how to discover blind administration of the Certified Innovation Leader (CIL®) spots and risks within the product development process, certification exam, which can give you an additional and how to change the critical product management credential in your field. This course also offers 16 PDUs for relationship from a collision course to a powerful PMI® certified Project Management Professionals (PMP®). partnership. This course offers 16 PDUs for PMI® certified This course offers 16 PDUs for PMI® certified Project Project Management Professionals (PMP®). Management Professionals (PMP®). This course is designed for experienced project managers, Price includes the Certified Innovation Leader (CIL®) program managers, technology managers, business certification exam fee ($395 value) and a premium AIPMM analysts, and other experienced cross-functional managers membership ($175 value). who want to expand their ability to create value through collaboration in the product development process and drive improved outcomes. Mar 5-6, 2013, Teqcorner, McLean, VA Mar 7-8, 2013, Teqcorner, McLean, VA Price: $1,697 Price: $997 Promo: $1,597 (Save $100) Must use promo code Promo: $947 (Save $50) Must use promo code 50PMC132 100PMC131 and register by Mar 1st. and register by Mar 1st. For information: http://bit.ly/CILCourse For information: http://bit.ly/CVCourse © 2013, AIPMM, All Rights Reserved.