Kind of, except as product manager you're held accountable for delivering the right product, while your engineering team is held accountable for things like performance, incidents, and security issues caused by their code.

It's hard to hold an LLM accountable for anything.

Accurate but manageable. Just like a pm works with properties an engineer also does. The Product person wants to deliver the right product properties so they model their process around identifying the ones they want and then creating the right framework to get them. On the engineering side its the same thing. Define what you want, give agents an environment they can succeed in, iterate.