1. Project Management :
Project management, as name suggest, is simply management that focuses on management and successful development of projects procedure as well as providing guidance and achieving main goal of project.
2. Management Consulting :
Management Consulting as name suggests, is simply management that focuses on improving business strategies, performance and processes of organization by providing expert advice to resolve any issues.
Difference between Project Management and Management Consulting :
|Project Management||Management Consulting|
|It mainly focuses on management of project related activities till its completion.||It mainly focuses on management and improving organizations performance.|
|It is a one time activity i.e. temporary management process.||It is a permanent management process i.e. an ongoing process.|
|Project manager have more responsibilities than product manager.||Consultant manager have less responsibilities than project manager.|
|Factors affecting project management weak project closure, organizational culture, improper risk management, weak planning, unavailability of intelligent people, etc.||Factors affecting management consulting includes characteristic of employee or client, improper communication, lack of understanding, profitability, etc.|
|Process of this management includes initiation, planning, performing, checking, controlling, and then finally terminating project.||Process of this management includes client information, problems and symptoms, diagnosis, collecting data, creating solutions, implementing and finally terminating.|
|Its benefits include effective task delegation, better collaboration, increase customer satisfaction, improve planning and scheduling, etc.||Its benefits include improve performance, use of new skills, good for achieving short-term goals, saves cost and time, enhance productivity, etc.|
|Its main objective is successful development or completion of project on given period of time.||Its main objectives is to increase and develop clients ability to increase productivity, saves cost, etc.|
|Type of project management includes agile project management, kanban project management, lean project management, etc.||Types of Management Consulting include human resource consulting, financial advisory consultant, operations consultant, etc.|
|Project management is more difficult than management consulting.||Management Consulting is less difficult than project management.|
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