Difference between product manager and project manager

Posted By: Sm Adminon: November 25, 2015In: Miscellaneous

Product manager:
A product manager investigates, selects the development of products for an organization, in order to perform the activities of product management. The term is used to describe a person who manages intangible products, such as music, information and services.
Project manager:
A project manager is a professional in the field of project management. Project managers have the responsibility of the planning, execution and closing of any project, relating to the construction industry, architecture, aerospace and defense, computer networking, telecommunications or software development.
Differences:

Basis	Product manager	Project manager
Definition (www.oxforddictionaries.com)	Person responsible for overseeing all activities and functions associated with a particular product or product family. Also called brand manager in case of consumer goods or services.	An employee who plans and organizes the resources necessary to complete a project.
Objectives/Purpose	Its objectives are: plan customers success delivery marketing	Its objectives are: stay on budget finish on time stay in scope triple contains model create quality
Types	Its types are: The Scrumpy Young Generalist The Business PM The Designer The Executor	Its types are: Construction Project Manager Architectural Project Manager Insurance Claim Project Manager Engineering Project Manager Software Project Manager
Word origin	Product manager was attested in English from 1570s.	Project manager attested from 1913.
Qualities	The qualities of product manager are: Strategic thinker Passion for products Keep score Ability to prioritize Collaborative leader Execution	The qualities of project manager are: Vision Communication Integrity Enthusiasm/ passion Empathy/ compassion Competence Delegation Composure Team building Problem solving
Pronunciation	Eng (UK): /ˈprɒdʌkt/ /ˈmanɪdʒə/ Eng (US): /ˈprädəkt/	Eng (UK): /ˈprɒdʒɛkt/ /ˈmanɪdʒə/ Eng (US): /ˈpräjˌekt/ /ˈmanijər/
Main function	The main function of product manager are: Follow up with the sales and marketing teams as well as the customer service team to track customer complaints to closure Perform root cause analyses of problems being reported by the customers Coordination with the finance and legal teams apart from other administrative functions	The main function of project manager are: Proposals and planning Budgets Management Client interface Tracking and reporting
Duties	Investigating, selecting, and driving the development of products for an organization. Must make the product profitable.	Planning, execution and closing of any project
Related Fields	Common production industries, fashion, banking, insurance, music, information, technology, and services.	Construction industry, architecture, aerospace and defense, computer networking, telecommunications, software development, as well as production, design, and service industries.
Roles and responsibilities	The role of the product manager includes: Strategy Releases Ideation Features Go-to-Market Organizational training Profit and Loss	The role of the project manager includes: Planning and Defining Scope Activity Planning and Sequencing Resource Planning Developing Schedules Time Estimating Cost Estimating Developing a Budget Documentation Creating Charts and Schedules Risk Analysis Managing Risks and Issues Monitoring and Reporting Progress Team Leadership Strategic Influencing Business Partnering Working with Vendors Scalability, Interoperability and Portability Analysis Controlling Quality Benefits Realisation
Example in Sentence	Each and every organization consists of product manager. Product manager is responsible for the production of quality product.	Project manager is the in charge of every activity. Project manager must place the right man at right job.