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Yes, before MBAs took over, project management was more related to actually what happens in the project, GANT charts, stuff like Microsoft Project, resourcing team, setting the overall plan what goes where, who's available, when are vacations allowed,...

Product management was interfacing with the client, understanding what is actually supposed to be built as vision, understanding UI/UX before that became a field of its own, coordinating usability sessions, and so forth.

Naturally they have common touch points like what is possible from the vision, given the actual budget and available resources, expectation management and what not.



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