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. |
Source: geeksforgeeks.org
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