CAPM Practice: Demonstrate an understanding of project management planning

The project management plan describes HOW the project will be managed and executed (processes, approaches, monitoring methods), while the product management plan describes WHAT will be delivered (features, specifications, functionality of the product itself). This is a fundamental distinction in project planning.

**Why not B:** Both the project management plan and the product management plan are living documents that evolve. Neither remains fixed throughout the project. The key distinction is their focus: one on execution processes, the other on what is being delivered.

**Why not C:** This reverses the focus areas. The project management plan covers schedule, budget, and execution processes, while the product management plan covers technical specifications and features. The correct distinction is how vs. what.

**Why not D:** Both plans can be created collaboratively. The project management plan is typically developed by the project manager, not the sponsor. The product management plan may involve product owners or managers, not necessarily the project manager.