What is the difference between a Project Manager and a Product Manager?

The Project Manager focuses on planning, executing, and delivering projects within scope, time, and budget. Their main responsibility is to coordinate teams and resources to complete a specific project successfully. The Product Manager, on the other hand, is responsible for the strategy, development, and lifecycle of a product. They work to ensure the product meets customer needs and market demands, often acting as the link between business, technology, and user experience.