A product is a finished entity that can be used by a customer for some purpose. A project is an activity that produces a unique product, service or result. Usually products are produced as a result of one or more projects that get executed. For example , your iPhone 4 is a product but Apple would have had multiple project executed to produce this final product.
product is variable.but project deals with only single entity.
No. They are different. A project is a set of activities that together create a unique work product or outcome.
area of the circle is half the product of its circumference and radius by coiling method (for 10 circles of different radius).
-Keeping track of the details of different versions of products -Analyzing reports on product quality generated
Project stakeholders are individuals and organizations whose interests are affected (positively or negatively) by the project execution and completion. In other words, a project stakeholder has something to gain from the project or lose to the project. Customer/user - In general, customers are the entity that will acquire the project's outcome, such as product, and users are the entity that will use the product. In some cases the customers and users may be the same entity, and in other cases there may be a whole chain (with different layers) of customers and users
Project based is nothing but client requirements. product based is nothing but market requirements. Ex.striching shirt is a project based and ready made shirt is product based.
Quality refers to the degree to which a set of characteristics of project deliverables and objectives fulfills the project requirements. In other words, it is the sum of project and product characteristics that help fulfill the requirements. Simply put - Does the project or product meet its requisite purpose properly? If so, we can consider our product/project to be of good quality. The broader goal of quality management is to ensure that a given project will satisfy the needs for which it was undertaken. Quality management has two components: 1. Project quality management and 2. Product quality management. While product quality management techniques depend upon the specific product that the project is going to produce, project quality management applies to all projects independent of the nature of the products.
A project is a work effort made over a finite period of time with a start and a finish to create a unique product or service or result. Because a project has a start and a finish, it is also called a temporary effort or endeavor. In other words, a project is a temporary endeavor taken to create a unique product, service or result. So, a project has two defining characteristics: It is temporary, and it creates a unique result.
The approach may vary based on their product and market focus.
Continuous Processes, Assembly Line, Batch Flow, Job Shop and Project
The prerequisite without which you cannot start any scrum project is the Product Backlog. The Product Backlog contains a prioritized list of Project/Product Business Requirements written in the form of user stories.
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