Ask HN: Projects vs. Products

Hi there! I was hoping to start a discussion and get some thoughts from others on how their teams currently work, as well as what they've seen work well (and not so well) in regards to long lived products vs taking a project based approach.

Some context on my own current position... I work at a large company as an engineering manager of a cloud engineering team. Think CCoE or platform. Most of our engineering org comes from on premise backgrounds