Difference between Project Management and Event Management

Last Updated : 05 May, 2023

1. Project Management : Project management, as name suggest, is simply management that focuses on planning and organizing project along with its resources as well as managing lifecycle to be used.

1. Project management involves defining and achieving project objectives within constraints such as time, cost, scope, and quality. The project manager is responsible for ensuring that the project is completed on time, within budget, and to the satisfaction of stakeholders.

2. Project management typically involves five key phases: initiation, planning, execution, monitoring and control, and closing. During the initiation phase, the project is defined and stakeholders are identified. During planning, a detailed project plan is developed, and resources are allocated. Execution involves implementing the project plan. During monitoring and control, progress is tracked, and adjustments are made as necessary. Finally, during closing, the project is completed, and a post-project review is conducted.

3. Project management also involves identifying and managing risks that could impact the project’s success. This includes identifying potential risks, assessing their likelihood and impact, and developing strategies to mitigate or avoid them.

4. Communication is a critical component of project management. The project manager must communicate effectively with all stakeholders, including team members, sponsors, customers, and other stakeholders, to ensure that everyone is informed of project progress, issues, and changes.

5. Project management methodologies and frameworks, such as Agile, Waterfall, and PRINCE2, provide a structured approach to managing projects. These methodologies provide guidelines and best practices for project planning, execution, and monitoring, and can be tailored to suit the needs of different projects.

2. Event Management : Event management, as name suggests, is simply management that focuses on using business management and organizational skills visualize, plan and execute all events such as social or business events.
Difference between Project Management and Event Management :

Project Management	Event Management
It mainly focuses on management of project activities until its completion.	It mainly focuses on each and every aspect related to events.
It is a temporary management process.	It is a permanent management process i.e. an ongoing process.
Project manager have more responsibilities than event manager.	Event manager have less responsibilities than project manager.
Factors affecting project management includes internal relationship, management tools, network as planning tool, time complexity, improper risk management, etc.	Factors affecting event management includes financial factors, timing and location, publicity, risk in costs, environmental issues, short lead times, etc.
Process of this management includes initiating, monitoring, planning project, controlling, and finally closing project.	Process of this management includes initiation, planning, implementation, event and finally closure.
Its benefits include accurate increase customer satisfaction, saves costs, reduce risk related issues, improve team collaboration, etc.	Its benefits include increase level of creativity, save time, effective risk management, measurability, increase level of satisfaction, etc.
Its main objective is to identify methods or techniques that one can use and complete project effectively in given period of time.	Its main objectives is to manage and control all events that might occur during operations of service.
Type of project management includes six sigma project management, agile Programming project management, Lean project management, etc.	Types of event management include event coordination, event entertainment, event designs, appreciation events, etc.
Project management is more difficult than event management.	Event management is less difficult than project management.