Welcome to Project Management Questions!

You can ask any question on Project Management and you can rest assured that real Project Managers will answer your shortly!

What is the difference between project development and product development?

I would like to know the difference(s) between project development and product development.

Honestly both concepts are ambiguous to me: a short and sweet explanation of what project development and product development really are would help a lot.

I feel that project development is the same as project management, and product development is the same as product management. Am I right in this assumption? And if I am (right), then why do these terms exist? Just to confuse newbies to project management?
asked 11 years ago by anonymous

1 Answer

The short answer is that product development is about all aspects of creating products.  The PMBOK Guide tells us the definition of project:

“A project is a temporary endeavor to create a unique product, service, or result...Temporary does not necessarily mean short in duration. Temporary does not generally apply to the product, service, or result created by the project; most projects are undertaken to create a lasting outcome.”

There is a more detailed explanation of the similarities and differences at: http://bit.ly/fbcts0.
answered 10 years ago by sdcapmp (45,840 points)

Related questions

© 2010 - 2012 Project Management Questions - All Rights Reserved