While business goals are achieved through operations, new objectives are typically initiated through projects. Though temporary in nature, projects can help achieve the organizational goals when they are aligned with operations. Organizations sometimes change their operations or products by creating strategic business initiatives that use projects, programs, and portfolios. Projects require project management while operations require business process management or operations management. Projects intersect with operations at various points during the product life cycle:
• At each closeout phase,
• When developing a new product, upgrading a product, or expanding outputs,
• Until the divestment of the operations at the end of the product life cycle.
At each point, deliverables and knowledge are transferred from the project to operations for implementation of the delivered work. This occurs through a temporary transfer of project resources to operations toward the end of the project, or through a transfer of operational resources to the project at the start.
Operations are permanent endeavors that produce repetitive outputs, with people assigned to do basically the same set of tasks according to the standards institutionalized in a product life cycle. Conversely, a project is a temporary endeavor where a team produces and executes a temporary project management plan.
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What you need to know about… Project Management Made Easy! Project management consists of more than just a large building project and can encompass small projects as well. No matter what the size of your project, you need to have some sort of project management. How you manage your project has everything to do with its outcome.