what is a product? how different is it from a proj...

Discussion in 'Other Project Management Courses' started by rakhi_2, Mar 31, 2016.

  1. rakhi_2

    rakhi_2 Member

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    what is a product? how different is it from a project?
     
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  2. The Novice

    The Novice Well-Known Member
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    I hope your questions in from the PRINCE2 Certification Course. Assuming it's correct here goes the explanation.

    As per AXELOS PRINCE2 PROJECT definition is:

    A project is a temporary organization that is created for the purpose of delivering one or more business products according to an agreed Business Case.

    As per AXELOS PRINCE2 PRODUCT definition is:

    An input or output, whether tangible or intangible, that can be described in advance, created and tested. PRINCE2 has two types of products – management products and specialist products.

    specialist product
    A product whose development is the subject of the plan. The specialist products are specific to an individual project (for example, an advertising campaign, a car park ticketing system, foundations for a building, a new business process etc.) Also known as a deliverable or output.

    management product
    A product that will be required as part of managing the project, and establishing and maintaining quality (for example, Highlight Report, End Stage Report etc.). The management products stay constant, whatever the type of project, and can be used as described, or with any relevant modifications, for all projects. There are three types of management product: baselines, records and reports.

    Let me know if you still have any query.
     
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