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The Management job is to plan, organize and coordinate. The Leadership job is to inspire and motivate. The main difference is their functions.

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What is Project cost control vs approved budget in project management?

Project cost control is comparing the actual project cost against planned project cost.


How does the concept of agile vs adaptable apply to project management methodologies?

In project management, the concept of agile focuses on iterative and flexible approaches, while adaptability emphasizes the ability to adjust to changing circumstances. Agile methodologies involve frequent feedback and adjustments, while adaptable methodologies prioritize the ability to respond to unexpected changes. Both concepts are important in project management to ensure successful outcomes in dynamic environments.


What is organisational resource?

In organizational studies, resource management is the efficient and effective deployment of an organization's resources when they are needed. Such resources may include financial resources, inventory, human skills, production resources, or information technology (IT). In the realm of project management, processes, techniques and philosophies as to the best approach for allocating resources have been developed. These include discussions on functional vs. cross-functional resource allocation as well as processes espoused by organizations like the Project Management Institute (PMI) through their Project Management Body of Knowledge (PMBOK) methodology of project management. Resource management is a key element to activity resource estimating and project human resource management. Both are essential components of a comprehensive project management plan to execute and monitor a project successfully.[1][2] As is the case with the larger discipline of project management, there are resource management software tools available that automate and assist the process of resource allocation to projects and portfolio resource transparency including supply and demand of resources.


What is the difference between project and process?

The defining characteristic of process vs. project is repeatability vs. uniqueness.Process is a repetitive collection of interrelated tasks aimed at achieving a certain goal.Project is a unique endeavour with a beginning and an end undertaken to achieve a goal.AnswerProcess can mean something differentProcess: A set of related resources and activities transforming inputs into outputs (from example Risk management process_Project: Is an endeavor with a defined start date and end date, to meet specific objectives.


What are the basic principles of contract management?

Contract Management is a generally vague category of business operations that includes everything from sourcing to contracts to legal implementation thereof. Here is a relatively complete list of focus areas that any contract management system should cover: Authoring and negotiation Baseline management Commitment management Communication management Contract visibility and awareness Document Management Growth (for Sales-side contracts) Many of the principles of contract management are similar to those of business management. Here is a good list of basic principles: 1.. Needs Analysis Objectives to requirements documents Requirements documents to SOW Contract types Contract management mistakes Role of legal department 2. Plan Procurements Planning documents Requirement documents Procurement management plan SOW Bid packages Tender documents Source selection criteria 3. Conduct Procurements Stakeholder mapping Vendor participation Advertising and bidder conferences Proposal evaluation techniques Paper trail and due diligence Principled negotiations vs. positional negotiations Objectives of negotiations processes 4. Administer Procurements Stakeholder mapping Procurement team Vendor relationship management Monitoring performance Contract change controls Contract amendment Performance reviews Payment systems Claims administration 5. Close Procurements Stakeholder mapping Early termination Lessons learned Procurement audits Negotiated settlements Contracting problems and their solutions Ingredients for contracting success

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