Different companies and organization often put their own spin on them. Financial Management, as name suggests, is simply management that focuses on management … Project managers must view the staff as the resources necessary to accomplish project tasks and lead the efforts in outlining, scheduling and monitoring the work to be done. It's … Organizations may be structured in a traditional or functional manner or a projectized structure. Depending on the organizational structure, your project management authority and availability of resources will vary. - In project management, a project manager is responsible for managing and directing resources, in traditional management, a functional … Operations Management relates to the day-to-day business of the organization. - Project management is focused on a project, while traditional management is focused on a continuing process, this means that the former is temporary, while the latter is not. The functional manager manages people, while the project manager manages resources and assets necessary for a successful project. PMBOK makes a clear distinction between these roles; just look to that. Project management, as name suggest, is simply management that is employed in project to maintain its activities from project initiation till its termination and meet organizational goal. Functional … Technology Management. These definitions aren't absolute. Your approach to project management may vary based on the type of organization that you are working within. Project Manager: person assigned by the performing organization to lead the team that is responsible for achieving the project objectives.. Functional Manager: person with management authority over an organizational unit within a functional …