Kohler Natural Gas

Despite similarly sounding names, there are big differences between project and product development. These two concepts are frequently confused with one another that sometimes even experienced people in the field find it difficult to tell the difference. So, if you plan on hiring a developer for product or project development, it is essential for you to conceptualize the difference between the two.

This is mainly because the process of selecting the right IT Company during development is of fantastic importance. Therefore, if you make a mistake and hire the wrong company, it will directly result in the wastage of your efforts, time and money. That's why in today's article, you will learn more about the main differences between project and product development.

The process of project development is typically executed by a professional project manager who works closely with a product manager to create a successful product. However, please note that project managers are not a part of development process, but they are involved in the pre-development process. In simpler words, a project is a temporary endeavor undertaken to create an unique service or process that is developed by an organization for its own operational requirements.

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80 Kw Kohler Ford Natural Gas Or Propane Generator Genset - 584 Total Hours
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Therefore, the process has nothing to do with product development, despite the fact it provides valuable information on what type of product has to be created. Additionally, a project is developed only for handling specific applications of an organization where look and feel of a product doesn't matter, just the idea does. It is when a company wishes to optimize its processes, but doesn't wish to waste money on purchase a ready-made tool that may or may not meet the exact requirements.

Product development, also referred to as the 'Stage-Gate' process is when a product manager collaborates with other teams in order to 'develop' new innovations. Developing a product means creating something that a company intends to sell and generate revenues afterwards. It is strictly related to business and focuses on a large range of consumer needs, wants and requirements. As a matter of fact, it has a whole life-cycle consisting of multiple stages.

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