Program Manager vs Product Manager
What is the difference between a Program Manager and Product Manager? Is there actually a difference in the roles/responsibilities or our the terms mostly used interchangeably.
Answer
The difference is usually that the program manager handles the whole series of related products, their schedules, budgets, etc, and the product manager handles just the internals of a particular product such as scheduling of individual components and dividing team tasks, as well as leading the particular product team.
Usually, product managers report to the program manager, and the program manager has the final say on budgeting for each product team and the scheduling. The product manager then takes the resources he or she has and divides them amongst the team, coordinating the team's efforts.