Product metrics to measure the quality of product, like:
No of defects / KLOC (or functions)
No. of pre and post release defects
No. of defects solution test failed
No. of deviations in the release
No. of iterations of delivery
Test case efficiency
No. of errors slipped in every phase (defect containment)
% of code coverage
Process metrics are related to schedule and project measurement & control.
In reality no such thing exists. The main focus of any metrics regime you want to introduce is to understand what you want to learn and how you will use them. There are some fairly common measures that often turn up but any measures you adopt have to be relevant to your environment and the concerns your organisation has.
The story so far:
In the beginning the Universe was created.
This has made a lot of people very angry and been widely regarded as a bad move.