Difference between Project Management and Material Management
Project Management | Material Management |
---|---|
It mainly focuses on the management and completion of individual project. | It mainly focuses on procuring i.e. obtaining the right material, in the right quantity at right time at the right price. |
It is a temporary management process i.e. one time activity. | It is a permanent management process i.e. an ongoing process. |
Project managers have more responsibilities than material managers. | Material managers have fewer responsibilities than project managers. |
Factors affecting project management are project culture, project manager, time complexity, improper risk management, improper communication among team members, etc. | Factors affecting material management include material shortage, price fluctuations, damage and wastage, delays in supply, etc. |
The process of this management includes initiation, execution, monitoring, controlling, and termination of the project. | Process of this management includes planning, organizing, and control of flow of goods and services starting from initial point to its destination. |
Its benefits include engaging users and stakeholders, defining clear roles and responsibilities, tracking progress, inspecting deliverables, managing risks, etc. | Its benefits include shorten delivery times, improve customer service, reduce inventory excesses, enhance handling through streamlining, helps in implementing quality tools, etc. |
Its main objective is to define the business objective of the project and achieve it as soon as possible. | Its main objectives to increase customer service by simply delivering or supplying standard goods with high quality. |
Types of project management include waterfall project management, agile project management, Six Sigma project management, etc. | Types of Material management includes inventory planning and control, quality control of materials, purchasing, material requirements planning, flow and supply of material, etc. |
Project management is more difficult than material management. | Material management is less difficult than project management. |
Difference between Project Management and Material Management
In this article, we are going to discuss the difference between Project Management and Material Management.