A project is an endeavor with a clear definition of what needs to be delivered and the date when it needs to be delivered. Actually,
it may seem that a product is a project, but it is not. Because, there is no clear definition of what needs to be delivered and there is no clear
definition of the the date when it needs to be delivered.
The product backlog is a collection of all possible ideas and additions to a product. The stories in the product backlog have no
particular priority or schedule, although you can sort and organize them in hierarchies in the breakdown view by drag & drop. Thus, if you wish
to prioritize your stories but don’t want to create projects or iterations, just use the breakdown view!
Products are developed in projects.
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