A product development management system presents the product specification traceability of the work items of the product requirement specification defining, the product function item planning, the product software and hardware architecture designing during the life cycle of the product development, such that the user and manager can handle the development work completeness, work item allocation and dispersion index and fineness index to which the specification item of each level extends. Through the product development management system of the present disclosure, the work team can understand the relation of their responsible engineering works, and establish confirmation and data change notification mechanism, so as to achieve a cooperation result. Meanwhile, the product development management system of the present disclosure can manage the specification change process of each level, accurately notify the essential party, and freeze the baseline specifications and engineering data by stages or by release times.