Despite common responsibilities, product managers and project managers both perform unique functions.
When aligned properly, an organization benefits greatly from both. For example, project managers guide key decisions to maximize quality and minimize risk, whereas product managers guide key decisions to maximize value for customers and/or create new revenue streams.
Both roles work closely together in a high-performing organization. Each sees the same work through a different lens, but they work for the same team. When the project and product managers join forces to collaborate, everyone in the higher ed IT organization wins.
Product managers are often described as the CEOs of products. Their goal is to deliver a product that customers love. A project manager’s role, on the other hand, is more tactical, focusing primarily on the execution side.
The two jobs overlap somewhat in terms of certain skills such as leadership and time management. But as far as specific functions, product and project managers cruise different roads.
Both the product management and project management areas are crucial to organizations. Product managers bring the many departments of a company together to focus on the whole point of the company’s existence: the product. Therefore a product manager needs to be focused and have excellent communication skills because of intense collaborations with the sales, marketing, customer success and support teams.
Project managers focus more on the execution side of a product. They develop project timelines and make sure development teams hit important deadlines and goals.
When aligned properly, they both can shine.
Product and Project Management Training Courses by Tonex
Perhaps because product manager and project manager sound similar, people often confuse their job functions.
So here’s another way of thinking of it: What’s the difference between a product and a project? That’s not too confusing. A project manager is someone who manages timing, dates and communication for the people involved in the project. Whereas a product manager is responsible for the success of the product itself.
These are the teams that need to nail the overall business goals, in terms of revenue, competitive advantage and customer satisfaction.
An effective product manager has a vision of what a product’s success will look like and how to get there. That vision launches a strategy for product success and hopefully a reality.
Project managers focus more on the execution side of a product. They develop project timelines and make sure development teams hit important deadlines and goals.
Product and Project Management Training Courses by Tonex
Tonex offers 17 Product and Project Management Training Courses that focus on a wide range of Product/Project Management topics, including strategic roles and why these positions are critical.
Some of our most popular, cutting-edge courses:
Big Data for Project and Program Managers: A 3-day course that teaches you how to benefit from big data in your projects/programs. This course covers all the methods, cautions, and concerns of big data analytics in project management.
Systems Engineering Project Management Training: A 2-day course designed for project practitioners and systems engineers interested in learning the fundamentals of systems engineering and project management.
Product Management Bootcamp Training: A 4-day course that teaches you how to use more intelligent, market-oriented techniques in your new product development projects and the day-to-day activities.