Comparison between Project and Project Management
| Project | Project Management |
| Characteristics for project are: • Temporary: means that every project has a definite beginning and a definite end. • Unique Products, Services or Results: A projects creates unique output, which are products, services or results. • Progressive Elaboration: means developing in stages and continuing by increments. • Should have a primary customer or sponsor. • The project sponsor usually provides the direction and funding for the project. • Involves uncertainty. | Project Management is the application of: · Knowledge,skills · tools and · technique to project activities |
Advantages of Project Management
• Improved customer relations.
• Shorter development times.
• Lower costs.
• Higher quality and increased reliability.
• Higher profit margins.
• Improved productivity.
• Higher worker morale (less stress).
