Difference is very simple project managers deal with project managing and execution of a particular project, While on other side product managers deal with problem and take out solution.
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Project Manager
Project management is an analytical role. It is the responsibility of
the project manager to ensure that the project progresses fluently,
deliveries are on time, and deadlines and milestones met.
3. The project manager controls and organizes the patterns in moving
pieces — designers, developers, clients and everyone involved —
keeping each individual on track to perform as one integrated unit.
Planning and Defining Scope
Activity Planning and Sequencing
Developing Schedules
Time Estimating & Cost Estimating
Risk Analysis
Monitoring and Reporting Progress
Controlling Quality
Documentation & Developing a Budget
Tasks and Responsibilities:
Project Manager
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Project Manager
The project manager is responsible for sequence Activities which is the process of
identifying and documenting relationships among the project activities. The key
benefit of this process is that it defines the logical sequence of work to obtain the
greatest efficiency given all project constraints.
Activity Planning and Sequencing
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Project Manager
The project manager is responsible for project scope which is the part of
project planning that involves determining and documenting a list of specific
project goals, deliverables, features, functions, tasks, deadlines, and ultimately
costs. In other words, it is what needs to be achieved and the work that must be
done to deliver a project.
Planning and Defining Scope
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Project Manager
The project manager is responsible for identifying and organizing project tasks into
a sequence of events that create the project management plan. A variety of inputs
and tools are used in the scheduling process, all of which are designed to help you
understand your resources, your constraints, and your risks.
Developing Schedules
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Project Manager
The project manager is responsible for accurate time estimation as it is a crucial
skill in project management. Without it, you won't know how long your project will
take, and you won't be able to get commitment from the people who need to sign
it off. A problem with a cost overrun can be avoided with a credible, reliable, and
accurate cost estimate.
Time Estimating & Cost Estimating
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Project Manager
Standardization and clear interfaces are critical to a heterogeneous environment,
enabling users to develop strategies for communicating throughout their
network. This enables application developers to reduce software development
costs and bring products to market quickly, and enables users to upgrade hardware
while retaining their software applications and minimizing conversion costs.
Interoperability and Portability Analysis
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Project Manager
Risk Analysis
The project manager is responsible for Risk analysis - the review of
the risks associated with a particular event or action. It is applied to projects,
information technology, security issues and any action where risks may be
analyzed on a quantitative and qualitative basis.
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Project Manager
Monitoring & Reporting Progress
The project manager is responsible for assessing progress and formulating reports
based on the outcomes to identify the gap and take measures to increase
productivity.
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Project Manager
Documentation & Developing a Budget
Project documentation is used to define the way we manage projects and the
governance surrounding them. Project budgets, similar to resource plans, are a
reflection of project work and the timing of that work. A comprehensive budget
provides management with an understanding of how funds will be utilized and
expended over time for projects or operations.
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Product Manager
The product management is a strategic role. It is the responsibility of the product
manager to define exactly what the product is and who it is for. It is then up to the
project manager — and the rest of the team — to then follow this directive.
14. The product managers play a vital role in the success or failures of a
project since all other team members look toward them for
guidance and direction on the overall product vision. If this vision is
incomplete, then the project will most certainly suffer.
Strategy
Releases
Ideation
Features
Go-to-Market
Tasks and Responsibilities:
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Product Manager
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Product Manager
The product manager is responsible for setting a product vision and strategy. Their
job is to clearly articulate the business value to the product team so they
understand the intent behind the new product or product release. They own the
strategy behind the product along with its roadmap and must work with
engineering to build what matters.
Strategy
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Product Manager
PMs must plan for what their teams will deliver and when they will deliver it. This
holds true no matter which dev methodologies product teams use. The product
manager owns the release aspect of product. Responsibilities include knowing
when (and when not) to create a master release; managing features and
dependencies in and across releases; and managing releases with phases and
milestones.
Releases
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Product Manager
Product managers own ideation -- the creative process of generating, developing,
and curating new ideas. They collect, curate, and promote the most relevant ideas
into features. They know which ideas should be promoted to features -- the ones
that will achieve key objectives for the product line and business. They also ensure
that key feedback and requests are seamlessly integrated into their product
planning and development processes.
Ideation
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Product Manager
The product manager defines the features and requirements necessary to deliver a
complete product to market and lead the product team to success. They are
responsible for articulating the ‘what’ and working with engineering to determine
the ‘when’.
Features
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Product Manager
The product manager is typically seen as the CEO of a product. For the product
manager, this means they are responsible for making product decisions and often
is the lead resource for the rest of the organization when deep product expertise is
required. This includes supporting the organizations that help bring the product to
market and work directly with customers -- namely marketing, sales and support.
Go-To-Market
20. Project Manager Product Manager
Build a product
Add new features to a product
Create new versions or extensions of a
product
Manage a team of designers and
developers, and track their work.
Keep the project on time and in
budget with giving transparency to the
client. Who in often times is the Product
Manager type-role in application
development.
Use a variety of project management
tools to accomplish their task
Gather and prioritize product and
customer requirements
Define the product vision
Work with sales and marketing to
ensure revenue and customer
satisfaction goals are met
Vs.
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21. Product and project management are similar concepts— but in order to
create a successful product, you need to understand how these concepts
differ.
Project management focuses internally to achieve specific objectives and
complete the project on time and under budget. Once the project is done,
that project is no longer ‘managed’. Product Management takes a broader
view, and focuses externally on the customer and the overall and
continued success of the project.
Although it’s possible to have one person fill both the product and
project manager roles, it’s ideal to separate these roles to avoid conflicts
of interest and underperformance.
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Why Both Are Needed?
22. At Cubix, we not only associate a product manager along with a project
manager for every project, but our clientele work with product managers
from the very beginning. Thus, allowing every project to be conceptualized
with a strategist before the project kicks off, and then undergoing numerous
discovery workshops before jumping into development, to ensure the
product has everything it needs for an initial roll out.
For more information read our post Project Manager Vs. Product Manager
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What We Practice at Cubix?