Definition
The product is the actual object of consideration that is processed with the software. When all projects for a product are completed, an end product is created that fulfills the relevant legal requirements for the respective market.
Difference between project and product
A project refers to the activity of designing or testing a product. The type of project determines, among other things, the legal framework and the documents to be created. The product itself is the final result of the process, which is available on the market and must meet the requirements of the respective project. It is possible that multiple projects are performed for a single product. Similarly, later tests represent separate projects for the same product.