Chapter 1
Foundations of Project Management
Course: Pmp Test Prep
Subject: Pmp
Chapter: Projects Roles And Responsibilities 5506 10734
Lesson 1: Product Management Considerations
This lesson provides an in-depth understanding of product management as a discipline and of how it relates to project, program, and portfolio management when a project's deliverables are products.
The lesson highlights what product management is, how the product life cycle differs from a project life cycle, and the several forms the relationship between product and project work can take.
It emphasizes how product management supplies the vision and strategy for a product while program and project management bring that vision to life through execution — and how supporting roles such as the product owner and business analyst bridge the two.
The goal is to equip the practitioner to operate effectively in the common situation where a project exists to create or enhance a product that will outlive the project itself.