HKSM
Product
An output created by the project that can be measured or counted. It may be the final item delivered or a component of a larger whole. Products are often called materials or goods. Related term: deliverable.
Key Points
- A product is a quantifiable item produced by project work, either standalone or part of a bigger item.
- Common synonyms include materials and goods; a product is the thing produced, while a deliverable is what is promised to a stakeholder.
- Products carry requirements, specifications, and acceptance criteria and are managed through configuration control.
- Products often appear in the WBS as nouns and may be assembled from multiple component products.
Example
On a construction project, a prefabricated steel beam is a product. Many such beams, plus fasteners and panels (also products), are assembled into the final structure that is delivered to the client.
PMP Example Question
Which of the following best illustrates a product in a project context?
- Help desk support provided after go-live
- A measurable, prefabricated wall panel used in the building
- The benefit of reduced processing time after deployment
- The process of creating the risk management plan
Correct Answer: B — A measurable item produced by the project, which can be an end item or a component
Explanation: A product is a quantifiable item created by the project. Options A and D describe services or processes, and C is a result or benefit.
