Differentiate between projects and operations.

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written 23 months ago by

Projects	Operation
Project is temporary in nature and is undertaken to produce a new product.	Operations are ongoing execution of activities which occur after product is made to produce same result or a repetitive service.
The budget is Defined for Projects.	The budget is not defined for Operations as the earning needs to be done to keep operations alive.
A project is undertaken to create a new kind of product.	It is has nothing new. This is because it is just process of making product in more numbers so as to be distributed among users.
Unique product is created	Same product is produced to keep system running.
It has more risk as it is done for first time. There is a risk of failure attached because specified thing has never been made or maybe tested before.	It has less risk as such products have already been made before and it is only process of creating them in greater numbers.
Management of project is called Project Management	Management of operation is called Business Process Management.

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