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:
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: