In the modern world of business, each and every organisation needs competent, accomplished, and steady management to instruct their strategies. Project Management and Product Management are very crucial yet recognizable positions, and they are usually confused by all levels of business executives.

What Is Project Management and Project Manager?

1. Project Management subsists on the application of methods, procedures, skills, ability, and knowledge to accomplish the goals of a particular project.
2. A professional who has studied a Project Management online course or has a Project Management certification from XLRI is known as the Project Manager and is accountable for the successful delivery of a project within a definite deadline and budget.
3. Project Managers command and manage the advancement of the product by coordinating all the available resources and managing risks and problems.
4. One of the most challenging tasks for a project manager is managing the outlook of the project, as they should balance time, quality, and cost.
5. The basic goal of a Project Manager is to target maximum quality and minimizing risk simultaneously.

What Is Product Management and Product Manager?

1. Product Management is an organisational operation within an organisation that handles the forecasting, planning, and production or marketing of a product at every stage of the product life cycle.
2. Outstanding Product Managers take full responsibility for the complete and continuous success of a product throughout the whole lifecycle of a product or products.
3. A Product Manager is responsible for concentrating on the ‘what’ more than the ‘how’, which means that his job is to consider a long-term view and then decide what direction the product should expand.
4. Some of the crucial responsibilities of a Product Manager are bringing together and prioritizing product and customer needs, characterize the vision of the product, and working with the marketing and sales departments to make sure that the goal of meeting the satisfaction of the customers is being achieved.
5. The basic goal of a Product Manager is to target to maximize value and generate new revenue streams.

Analyzing The Dynamic Between Project Managers and Product Managers

A professional who has studied Project Management online course is the person whose role is to deliver the project and proceed to the next one. He/she takes care of the product up until the product is delivered, and hands over the responsibility of the product over to the Product Manager. Esteemed institutions offer the course of Project Management that helps the candidates to establish their grounds in the area. Project Management certification from XLRI also provides the opportunity of becoming a good Project Manager. The Product Manager is the one responsible for conceiving the idea, developing it for months, and ultimately introducing it in the market.

Summing up!

In the end, it is up to you and in which field you are interested to pursue a career. A good Project Manager can acquire the best and enhanced skills by studying Project Management online course that serves the students with the flexibility to study whenever and wherever they wish to, without hampering their prior commitments. The ones who wish to advance their resume must opt for Project Management certification from XLRI and stand out of the crowd by being the best.

More Information:

Role of Project Managers: IT and beyond

Skills Required For A Career In Project Management

How to Build a Thriving Career in Project Management?