Is project management on its way out?

From a Product perspective, there is a lot of work done by development teams that is a combination of new features and support/maintenance of existing code. In recent efforts around tracking time, it was brought up that releases include both project and maintenance work (which we knew), and that some of the web developer managers don't expect their teams to know the difference (which we did not expect). Other platforms have a more marked distinction between projects and maintenance.

My guess is that companies aren't getting rid of functions performed by project managers, they're just changing how the work is organized and who does it.

Just like Agile has not eliminated waterfall and project managers have not all become scrum masters, not all project managers will be replaced by product managers. Company culture and how (whether or not?) employees are empowered has a strong impact on how work is performed. Some companies will be able to embrace a product and value stream focus. Others will not.

Is there a new PMI credential coming???