1. Project Management :
Project Management, as name suggests, is a management that mainly focuses on management of project and oversee single project at a time until it gets completed.
2. Business Management :
Business Management, as name suggests, is a management that mainly focuses on management of business and oversee all business operation to accomplish business or organization goal.
Difference between Project Management and Business Management :
|Project Management||Business Management|
|Its main focus is on management of single projects.||Its main focus is on management difference tasks of business.|
|It aims at managing and creating plan simply to achieve goal.||It aims at managing and organizing business simply to achieve objectives.|
|It also manages budget, provide valuable resources, etc.||It also manages and repair workplace equipment’s, etc.|
|This is a temporary process not permanent and has end date till project gets completed.||This is a continuous process and does not have any end date.|
|Project management have a start and end date to complete project and accomplish goal. After than, it just stops till next project is assigned.||Business management does not have any end date and goal or objectives might changes.|
|It also focuses on increasing efficiency and productivity.||It also focuses on developing long-term and personal relationship.|
|It is a unique process and not-repetitive.||It is not a unique process but repetitive.|
|It is a complex process and but it has single and clear objective.||It is a simple process and but objective is not clear.|
|In this management, role of manager and team membership is temporary as it is a temporary process.||In this management, role of manager and team membership is permanent as it is a permanent process.|
|This management is project oriented as it only focuses on project.||This management is related to product and process.|