1. Project Management Software :
Project Management Software, as name suggests, is a software tool that allows all professionals within organization to manage and organize all projects or tasks in an efficient manner that helps one to achieve main objectives of organization.
2. Product Management Software :
Product Management Software, as name suggests, is a software tool that allows one to plan, forecast and develop products and manages its life cycle.
Difference between Project Management Software and Product Management Software :
|Project Management Software||Product Management Software|
|It mainly focuses on management of project.||It mainly focuses on management of product.|
|It is a management system that allows professionals i.e. project managers to manage, organize, and monitor their work or task in an efficient manner.||It is a management system that allows product managers to manage products form stating to end of development.|
|Project management simply means to oversee entire project and ensure that it gets completed within given time period.||Product management simply means to create product as per customer requirements.|
|It helps Project managers decide and provide resources or tools that are required to complete project and set budgets also.||It helps Product managers to provide continuous development and improvement as customer requirements changes on daily basis.|
|This type of management is less difficult than product management.||This type of management is more difficult one than project management.|
|Role of project management is temporary not permanent.||Role of product management is permanent as they have to monitor and control progress of product even after product is completed and provide continuous development.|
|Project management has pre-defined targets.||Product management does not have pre-defined targets.|
|Main goal of using such software is to increase quality and decrease possibility of risks.||Main goal of using such software is to increase value and create new revenue streams i.e. create new sources form where organizations may earn money from sale of products.|
|It helps to track specific requirements.||It helps to track high-level requirements.|
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