There are some distinct differences between project management and operations management. These differences are presented below Project management is a temporary activities or a process, whereas operations management is a ongoing activities or process. Project management is unique task in nature, on the other hand operations management is repetitive task in nature. Project management’s purpose …
Tag Archive: Project Management
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Sep 17
How to be a Successful Project Manager
A single person, the project manager can operate the project independently along with the normal chain of command. The following are the basic characteristics of a project manager. He is the focal point is to bringing together all efforts towards the single project objectives. He is also responsible for integrating people from different functional discipline …
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Sep 17
What is Project Management
A project can be considered to any series of activities or task that have a specific objective to be completed within certain period of time , have definite starting and ending dates, have financial limitation, and have lack of some sorts of resources i.e. efficient personnel, equipment and technological support, as well as money. Project …
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Sep 17
What are the Phases of Capital Budgeting
Capital budgeting or project management is a complex process which may be divided into six phases. These phases are as follows: Planning: The planning phase of a firm’s capital budgeting process is concerned with the articulation of its big investment strategy and the generation and preliminary screening of project proposals. The investment strategy of the firm …
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Sep 17
What are the Steps of a Project Analysis
There are different steps available in a project and The important facets of project analysis are as follows: Marketing Analysis: Marketing analysis is concerned primarily with two questions. (a) What would be the aggregate demand of the proposed product/ service in the market? and (b) What would be the market share of the project under appraisal? To answer …
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