What’s the difference between project management software and product management software? We get asked this question a lot. And while the names might sound similar, their real-life applications differ significantly.
In this report, we’ll look at what makes these two software types unique, as well as how they’re similar. This should help you determine which features are most important for your business, and whether you need project management software, product management software, or perhaps even both.
What is project management software?
Project management software is a tool that helps team members automate certain tasks for all phases of a project.
- Task assignment
- Resource allocation
- Milestone tracking
It’s used across all industries by project managers, team managers, and team members to manage project tasks, portfolios, resources, and more.
What is product management software?
Product management software is used to manage the lifecycle of a product from start to finish.
- Concept development
- Workflow planning
- Communication between teams
This tool is used specifically by product managers in product-driven industries to manage their priorities, feedback, and road maps for product development.
What do they have in common?
To recap: Project management software is for all types of business, while product management software is specifically for product-driven businesses. Despite this distinction, the two software types do have some common functionality, including:
Project management software features
Product management software features
Which tool is right for you?
Need a platform to help you manage your projects? Project management software is your solution. In the business of making products? Product management software can guide you through each stage of your product’s lifecycle.
The question now is: Which specific tool is right for your business?
To start your search, head over to our project management software or product management software pages. There you’ll find a sortable list of products, software reviews from verified users, and comprehensive buyers guides.
13 products top-rated in product and project management
These 13 products, listed in alphabetical order, are among the top-rated in both categories: