Welcome to the Episode 3 of “The Gnosis Series”. Gnosis is a Greek word for Knowledge. This series will include short articles on Leadership, Management & Project Management which will enlighten my readers and motivate them.
Let’s get started …
Organizations get work done through projects or processes. Both efforts work at initially building a product, in the case of projects, or recreating them, done through processes.
Below is the productivity triangle which is an easy way to understand the difference.
– Business processes or procedures are pre-defined sets of steps to accomplish some business purpose. The components tend to be repetitive and repeatable between performers. And they have certain goals that “drive” them, like efficiency and accuracy.
– Products, the second corner of the triangle, are things that are “built.” They are the output or deliverable of a company, or how an organization provides value. Products might be tangible, (as in manufactured products) or intangible (e.g., services or software). Inventing or creating products tends to be a one-time event (a project). Whereas the ongoing production or re-creating of a product is a process.
– Projects, according to the PMBOK® Guide, are unique undertakings with a discrete beginning and end, that produce something new and valuable, and need adequate resources to succeed. Projects can and should be managed using a generic project management methodology separate from the product management methodology.
Kindly share your thoughts on this topic & please feel free to get in touch with me if you need any support (Details are available in the Contact Us section of my page) ..
Please check my other blogs as well & subscribe for exciting updates & other goodies …
Keep reading & stay safe ! 🙌🏻
Leave a Reply