Management is quite a big module when it comes to the business world. Management is usually defined as the act of offering administration services to a business or organisation. Management is also the act of setting up strategies for the organisation and offering coordination efforts for employees; a manager or a management board usually do this.
When it comes to management/running a business, then we are subdued to business process management and project management process. The two are overwhelmingly confusing since they sound alike. Also, their interchangeable use within an organization makes it difficult for most to understand. Below we are going to have a detailed look at each, not forgetting to mention the differences between the two.
So, What Is Business Process Management?
Projects and Project Management Process.
In project management, the managers aim to accomplish their objectives through, planning, initiation, and execution. Here projects have defined beginnings and endings. Unlike a process, projects are non-redundant, and management is focused on managing projects using various means to achieve desired results. Lastly, PMP methods require both the integration of knowledge and skill to meet predetermined objectives.
In other words, PMPs deal with managing multiple tasks that will help you achieve a particular goal. Hence the common phrase, “project management is about the destination.”
Advantages of Project Management Process.
- PMPs are known to help companies achieve efficiency in terms of both labor and capital since PMPs are known to keep a close observation of the project. In turn, managers can identify which resources are being leaked or misused.
- Helps companies identify and develop new talent since PMPs are focused on assigning projects to the talented. As a result, individuals can grow from handling small projects to managing more significant projects. This creates an atmosphere that is ample and full of growth. In other words, companies that deploy the use of PMPs usually help employees develop managerial skills.
- PMPs promise a higher success rate since a project is assigned to a project manager. When so, then the project manager is set to concentrate on a single project. Hence a project is given full attention by the manager assigned to it.
- Are cost effective since projects are managed from start to bottom. By doing so, the project manager can control the project budget. Along the way, he/she can identify problems within the project and any possible roadblocks. As a result, the project manager can avoid these and ensure that the project is delivered in time, thus cutting through any unnecessary budget.
Disadvantages of PMPs.
PMPs are likely to lead to an overlap in authority between the top managers and bottom managers. For this reason, a failure from one manager is likely to cost the project dearly.
When assigned to a wrong project manager, then there is likely to be late delivery or delays in the delivery of projects. Both late completion of projects and delays of projects are likely to lead to an overhaul in the budget and unpleased clients.
Advantages of BPMs.
- Agility: BPMs are known to implement flexible design processes to a business. Thus, making it more flexible and less costly in case of changes midway. Also, BPM processes are easier to customise, hence making it easily suit the requirements of a business.
- Efficiency and Reduced risks: When implemented in a business, there are low chances of inefficiencies since BPMs are focused on inefficiencies. To illustrate, BPMs allow organisations to work more efficiently, thus helping the organisation save on resources.
- Compliance and Transparency: Implementation of BPMs ensures that businesses implement regulatory requirements on time. As a result, delays and fines are avoided and reduced to the minimum. Also, when adopted compliance is integrated into your business. For this reason, all the organisation’s processes are made visible to all employees.
- Maximised Employee Satisfaction: BPMs are known to eliminate red tapes within an organisation. This suggests that BPMs are known to trim down repetitive work, thus making information access easier. As a result, employees are set to 100% focus on work.
Disadvantages of BPMs.
BPMs are known to offers a great hindrance to innovation. To illustrate this, BPMs give only room for incremental innovations, thus hindering radial. Constant employment is likely to have a less successful rate. However, this can be bypassed by building an ambidextrous firm. Ambidextrous firms are known to explore and exploit the advantages of BPMs while avoiding potential disadvantages of BPMs
PMPs are defined by projects which are determined by a fixed time and scope while BPMs are characterized by endless cycles that have a beginning and an end.
PMPs are overseen by a singular person called a project manager who drives the whole project to its goal while BPMs are managed by a group of individuals involved in the operations of a particular workflow.
Ultimately, there are significant differences between BMP and PMP. Nonetheless, the major difference between the two is the difference in time dependability factors.
As seen above, both can be implemented at different times within the organisation. However, the choice for implementation may come at different times, but it’s usually up to the CEO to make the call. In as much the two can overlap the act of choosing which management process to go with depends on the role your company is playing.
Process management is about the journey whereas project management is about the destination.
Creating a visual representation and mapping of how your business processes should be completed.
Team member’s taking ownership and responsibility for actions & completing tasks they’ve been assigned.