Hello Marjoree
I would think there are a ton of PMP principals that lend themselves to product development for sure. I personally found the PMP to be very beneficial in my own day to day not necessarily because of its principles, but it’s approaches to organization and structuring a project for success.
What I found interesting is that my current corporation was already utilizing a lot of PMP principles without actually naming them after the official terms. Example; we would have daily standup meetings to discuss projects and action items of engineering team. This is essentially a scrum call, but my company didn’t call it that. We would also have bi weekly meetings with the customer to discuss progress. These were not called Stakeholder Review meetings, just customer workshops, but effectively that’s what they were.
I found that the effort lies is connecting the terms and practices to your everyday life. If you do so, you will definitely garner the benefits. Sometimes the connections may not be so blatantly obvious but the more you can try to decode the PMP language with your daily activities, everything you learn becomes universally applicable. For instance , I also am a director of a youth football team and I still utilize the same principles in general to have the organization work in unison towards the end goal of a season. This takes the form of organizing vendors for game day, setting up workout programs for spring and summer, ensuring staffs across age levels are working in a uniform manner.
Good luck on your journey and wishing you nothing but success as you pursue your PMP.