Projects are temporary endeavors with a defined beginning and end, aimed at creating unique products, services, or results. This temporary nature distinguishes them from operations, which are ongoing, repetitive activities that sustain the organization over time. The statement that projects focus on products and operations on services is incorrect because both can produce products and services. The idea that projects are conducted by project managers and operations by operations managers does not capture the fundamental difference; the key distinction is their temporary versus ongoing nature. Additionally, both projects and operations involve stakeholders, so the statement suggesting otherwise is incorrect.
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CAPM
Project Management Fundamentals and Core Concepts
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