Consultant| Canarys Automation LtdBangalore, Karnataka, India
I have been managing Projects since past over 10 years. Got certified as PMP few days back. While preparing for PMP I happen to attend few events hosted by IPL. Collective opinion observed in the attendees is that Project Management is not as lucrative as it once was, and that Product Management has taken over it. How true is it? Saving Changes...
In the field of information technology it is true that product management has become (or is in the process of becoming) much more important than project management. Businesses find plenty of advantages in product-centred delivery. Modern technology and management techniques are clearly major enablers of this trend: DevOps; cloud and virtualization; mirco-service architectures; lean and agile.
...
1 reply by Ashwin Kumar H M
Mar 16, 2020 12:45 PM
Ashwin Kumar H M
...
I agree with you @David. Having come from IT background, I am already feeling the pinch. I keep receiving invite from IPL. Get anxious every time I get this.
I am trying to manage this by staying abreast with technology - as much as possible. Thanks for responding.
Saving Changes...
Thomas WalentaGlobal Project Economy ExpertHackenheim, Germany
Ashwin for me, product development and project delivery are the two sides of the same medal.
The one focuses on the what and the other on the how.
A PMP will give you a leverage you do not know before you have it. It is not the certificate that increases your value but the knowledge and understanding you acquire. And the self confidence you get with it. It changed the lifes of many, including myself. Saving Changes...
While certain industries and companies might choose to shift a portion of their work from being project-centric to product-centric, there will always be the need for PMs to manage unique, complex changes.
This might mean that existing PMs have to keep upping their game to remain competitive but that is no different than most other occupations...
Consultant| Canarys Automation LtdBangalore, Karnataka, India
Thanks to all of you for your replies.
I have adapted Project Management as part of my life style. The biggest and most critical Fixed Price Project I ever executed was my younger Sister's marriage :-) (anyone from India will agree with the dynamics of Indian middle class family). I delegated, monitored, budgeted, and planned this extensively. Delegation was important because I am physically challenged (to small extent). MS Project remained very useful in this Project :-) Saving Changes...
Consultant| Canarys Automation LtdBangalore, Karnataka, India
Mar 14, 2020 6:07 AM
Replying to David Portas
...
In the field of information technology it is true that product management has become (or is in the process of becoming) much more important than project management. Businesses find plenty of advantages in product-centred delivery. Modern technology and management techniques are clearly major enablers of this trend: DevOps; cloud and virtualization; mirco-service architectures; lean and agile.
I agree with you @David. Having come from IT background, I am already feeling the pinch. I keep receiving invite from IPL. Get anxious every time I get this.
I am trying to manage this by staying abreast with technology - as much as possible. Thanks for responding. Saving Changes...
Stéphane ParentSelf Employed / Semi-retired| Leader MakerPrince Edward Island, Canada
Product management is a lot closer to operational work than it is to projects. A project can be used to move a product along its life cycle. Saving Changes...
Peter RapinSubject Matter Expect; Project Delivery| Independent ConsultantOntario, Canada
Product Management and Project management are both sub-sets of management in general. In both you are required to manage costs, time, quality, risk, resources (internal and external), stakeholders, communications, procurement ... In order to do that successfully you need to plan and execute. You have to navigate the most effective way to deliver. Yes, there are differences in processes but I believe someone proficient in one can quickly adapt to the other. Its a matter of shifting your mind a bit. Saving Changes...
Manuel PerezProject Management Coordinator| Las Vegas Valley Water DistrictNorth Las Vegas, Nv, United States
Each one specializes to reach a goal... delivery of the results. Product Management tends to be more of an operation. A product manager might not be the best fit for a one time construction of a refinery, designing and building a unique ship, etc... Likewise, a project manager might not have the specialized knowledge to manage production (which might be repetitive). Saving Changes...
Community Champion
