Manager Vs Leader

Few days back, I briefed the definition and basic differences of Management and Leadership. The following list shows different characteristics of a Manager against a Leader.

Manager Leader
plans energy
goals vision and values
does things right does the right things
defines vision and purpose statements lives vision and purpose
defines value statements models values
short-term results emphasized long-term results, big picture emphasized
top-down strategy leadership at all levels; everyone strategic
measurement of activities measurement of results
focus on content sets context, pays attention to process
success based on predictability success based on innovation and adaptation
“head stuff” (e.g., behavior, compliance) “heart stuff” (e.g., morale, commitment)
controls inspires, creates new ways, coaches, mentors
linear, rational, analytical systems, aligning the whole, intuitive
techniques principles
one best style (plan, organize, delegate, control) multiple, situational leadership roles and styles
quality control everyone responsible for quality
inward-looking customer-focused
individual effort and reward individual and team effort and reward
management knows best all together know best
success as personal success success as the success of others

Though characteristics of Management and Leadership differs in some fundamental areas, as I mentioned earlier, one needs to balance both management & leadership skills to ensure success in career and life.

Project Life Cycle & Product Life Cycle

As per definition mentioned earlier, Project is the one which is executed to create a unique product or services and Product is the outcome of a Project.

The product life cycle starts with the business plan, through idea, to product, ongoing operations and product divestment.

The project life cycle goes through a series of phases to create the product. It generally defines the task to be accomplished in each phase or sub-phase and the team responsible for each phase defined. In some application areas, such as new product development or software development (as in our example of banking application software development), organizations consider the project life cycle as part of the product life cycle.

Characteristics of a project life cycle:

* Risk and uncertainty is highest at the beginning phases and reduces thereafter as the project continues.

* The ability of the stakeholders to influence the final characteristics of the project’s product and the final cost of the project is highest at the start and gets progressively lower as the project continues.

* Cost of correcting an error increases as the project goes along.