A Project Manager, as the name implies, is focused on the project, whilst the Product Manager has a focus on the product. Product being the actual product or service being delivered.

Now you’re probably thinking that doesn’t clarify much right? So please allow me to explain this further. And I think the best way of doing that is going over the key things each of those roles does.

In essence, a Project Manager does the following:

• Leads projects and teams.
• Manages the project budget.
• Manages the project schedule.
• Manages project resources.
• Ensure project delivers on time, within budget and that it meets project goals and objectives.

In essence, a Product Manager does the following:

• Owns the Product Roadmap.
• Leads the teams working on the product.
• Liases with Management and stakeholders on priorities.
• Provides strategic guidance and direction on product development.
• Ensures product upgrades and enhancements are released on time and as planned.

Even though both roles differ and have a different focus, there are certainly overlaps and similar skills required in both.