1. Project Management :
Project Management, as name suggests, is simply management and control of project activities i.e. product innovative and new products, services.
2. Operation Management :
Operation Management, as name suggests, is simple management and control of operations and functions i.e. managing, running, and controlling all operations of organization.
Difference between Project Management and Operation Management :
|Project Management||Operation Management|
|It mainly focuses on management and control of project.||It mainly focuses on management and control of operations.|
|Project management team have to perform activities like managing projects, streamline works, cost management, etc.||Operation management team have to perform activities like producing products and provide services.|
|It is a unique task but temporary.||It is a unique task but permanent as it is an on-going process.|
|Project managers have responsibility of managing starting and closing of project, monitoring different phases of development, etc.||Operations managers have responsibility of delivering services or products for customers in more efficient way.|
|Focus of project managers changes according to each project requirements and desired results are also unique.||Focus of operations manager does not change, their main focus is to run business operations efficiently and in productive manner.|
|Project management is quite easy than operation management as responsibilities are less in project management.||Operation management is quite difficult one as responsibilities are more in project management.|
|Project manager is also responsible for planning, initiating, executing and closing project.||Operation manager is also responsible for making sure that business is running smoothly without any problem to meet goal.|
|Project management brings change in organization by bringing new products, meet customer demands.||Operation management deliver same product but with new improvements and features as they continuously improve process.|
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