Projects aim to bring about change and accomplish unique objectives, after which they are closed. Operations focus on ongoing, routine activities that sustain existing business processes and make them more efficient. While projects and operations both require planning, execution, and control of limited resources by people, the key difference is that projects have a temporary nature and future orientation toward creating something new, whereas operations have an ongoing, repetitive nature focused on maintaining the present state of business.
What Should Be The Fate of The Current Provisions Governing Joint Venture in The Forthcoming Revised Commercial Code of Ethiopia? Retention or Exclusion?
Projects aim to bring about change and accomplish unique objectives, after which they are closed. Operations focus on ongoing, routine activities that sustain existing business processes and make them more efficient. While projects and operations both require planning, execution, and control of limited resources by people, the key difference is that projects have a temporary nature and future orientation toward creating something new, whereas operations have an ongoing, repetitive nature focused on maintaining the present state of business.
Projects aim to bring about change and accomplish unique objectives, after which they are closed. Operations focus on ongoing, routine activities that sustain existing business processes and make them more efficient. While projects and operations both require planning, execution, and control of limited resources by people, the key difference is that projects have a temporary nature and future orientation toward creating something new, whereas operations have an ongoing, repetitive nature focused on maintaining the present state of business.
Projects aim to bring about change and accomplish unique objectives, after which they are closed. Operations focus on ongoing, routine activities that sustain existing business processes and make them more efficient. While projects and operations both require planning, execution, and control of limited resources by people, the key difference is that projects have a temporary nature and future orientation toward creating something new, whereas operations have an ongoing, repetitive nature focused on maintaining the present state of business.
Projects are always used to bring about something new, some
change! Operations are used for: - routine, ongoing and repetitive undertakings in an organization. - sustain the existing business of the organization - Make the existing operations more and more efficient. -
In practice, both operations and projects have many
characteristics that are common to each other although they are undertaken to fulfill different aims and objectives.
Some common characteristics between projects and
operations are that they are both: Performed by people Both have limited resources at their disposal To be successful both operations and projects must be properly planned, executed and controlled Differences between a project and operations: Though projects and operations have many features in common there are many differences between them. A key difference between projects and operations is in their objectives, the aims for which they are performed.
What Should Be The Fate of The Current Provisions Governing Joint Venture in The Forthcoming Revised Commercial Code of Ethiopia? Retention or Exclusion?