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Software project refer to development of software product. On the other hand project and product closely related to each other. Product and project management are highly related to each other. Project Managers involved day to day decision making while product managers interact in high levels of decision making. Software product management can be considered a relative young field, not only the academic environment where there is a considerable gap in researches on the particular topic, but also in the business field where software companies feel uncertain on the way software product management should be organized. Software product includes processes and activities that are concerned mostly with market trends, customer needs and internal company affairs, such as road mapping, business value etc. The project manager may want to keep scope as small as possible so that the projects is deliver on time and under budget. Product managers are business oriented while project managers are more technical.