In the last five years, product management has seen a significant uptick in interest, jobs and media coverage. According to Gartner data by the end of 2023 it is estimated that 40% of large enterprises will manage internal business capabilities as products to drive continuous innovation and competitive advantage. Also, more than one-third of Fortune 100 companies have a chief product officer (CPO), showing a 41% growth rate over the past three years. Finally, more than 2,000 CPO jobs and 170,000 product manager positions are currently posted on LinkedIn.
Product manager and project manager roles share many similarities but also exhibit some significant differences. Both positions require strong leadership skills, effective communication, problem-solving abilities and collaboration with cross-functional teams. However, they differ in their scope of responsibilities and areas of focus. The linked PMI Thought Leadership article explores the overlaps and differences between the qualifications.