Summarizing What We've Learned
Review what we've learned in this course.
We've covered a lot of ground in this course—you should be proud to have made it this far! Let's review what we have learned.
What is product management?
Product management involves managing the development and lifecycle of a product to meet customer needs and provide value. It includes researching potential customers, designing features, setting product goals, creating product roadmaps, launching the product, and measuring its success.
We learned that projects have a fixed ending, while products are evergreen and focus on achieving a goal, not creating a specific thing. In contrast to product management, project management focuses on completing projects on time and within budget. Project managers oversee the planning, execution, and closing of a specific project and manage project scope, schedule, budget, resources, quality, and communicate project status and progress to stakeholders. Project and product managers share some skills like communication, problem-solving, and negotiation, but also have several skills that distinguish their roles.
To summarize:
Product managers focus on the product lifecycle, meeting customer needs, and delivering value.
Project management is about completing projects on time, on budget, and with the agreed scope.
Products are evergreen, while projects have fixed timeframes and deliverables.
Why would we choose a product approach?
We then ...