Project Management principles compared to Operations Managem

Project Management principles compared to Operations Management principles

Solution

Project management refers to the set of activities that are related to successfully complete the as per the given time schedule. It gives emphasis on every aspect/function of the project. It is a time bound also. Comparatively, Operation management is about planning, organization and execution of operational activities in effective and efficient manner.

Thus, Project management principles focus upon the all activities that are related with the project but operation management principles primarily focus on operations.

Project Management principles consist of:

Here, Project management principles are focussed upon planning, organizing and timely execution of all project activities. It is very broad in nature in comparison to operation management principles that consist of:

Though, operation management creates interface with other functions such as marketing, finance and HR. But, it is in limited capacity.