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The product manager’s primary responsibility is to develop a long-term strategic plan of development and communicate it to the team. Their goal is to shape the initial product into something that end-users will love through the ongoing evolvement.
The primary responsibility of a project manager is to work with a team of specialists with diverse skills to ensure that a project will be completed on time and under a given budget.
Please read the full article Product Managers vs Project Managers. Software Project’s Success From Different Perspectives to know more about the difference between a product manager and a project manager.