Do you know what is the difference between a project and a process?
In this video, I will help you understand when you are managing a project or when you are dealing with processes.
00:40 – Introduction
00:55 – Defining a Project
02:55 – Elements in common between a project and a process
04:00 – Examples of Unique
04:55 – Examples of Processes
05:55 – Projects are Time-Bound
06:05 – Processes are Ongoing
06:25 – When does a Project finish?
08:10 – When does a Process finish?
09:30 – Conclusions and Closing
An important element in project management is to understand the difference between a project and a process.
First, we review the definition of a project and repeat the three important factors that define a project: Unique, Time-Bound and Product/Service or Result
But projects and processes have elements in common.
Projects are unique while processes are repeating.
Projects are limited in time while processes keep ongoing.
When a process stops depends on the type of project we are considering. In the case of a Waterfall project, the project ends when all the work or scope has been completed, while int eh case of an Agile project the project finishes when the client is “Happy” or when the goal is reached.
Processes tend to end when they are not economically relevant anymore, like when the production of old smartphones is stopped when newer versions are launched.
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