The Product (project management) reference article from the English Wikipedia on 24-Apr-2004 (provided by Fixed Reference: snapshots of Wikipedia from wikipedia.org)

Product (project management)

In project management, a product is a physical entity that is created as a result of project work. Another term for it is deliverable.

Two kinds of producs are created in a project (as per PRINCE2 terminology):

• specialist products, i.e. the intended results of project work:
  • installed software
  • erected buildings
  • trained people
• management products, i.e. (usually) documents used to manage the project:
  • business case
  • project plan
  • reports

The injection of specialist products into the organization or its environment should be both a necessary and a sufficient condition to bring about changes resulting in achieving project objectives. One of the tools to test that relationship is Goldratt's Future Reality Tree.

To develop a better understanding of project's products, one can construct a product breakdown structure or write product descriptions.

See also:

• list of project management topics
• scope creep
• Product (business)
• project objective

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