Difference Between Startup And Project Management

There is an immense difference in project management between a large traditional organization, a technology company and a startup. To begin with, project management practice in a traditional company is superlative, well-defined and show a sustained approach. They have a balanced strong metrics and internal communities to maintain personalized methodologies and tools to achieve project deliverables. However, in a large technology company project management is complicated as the business needs keep changing with the demanding stakeholders from traditional organization. Project management in an IT organization ensures that a factual technology is applied to provide a direct solution to the organization. Also, management is well planned with the appropriate consideration given to schedule, risk, resource and quality management. Unlike in larger organizations, a startup company has a creative disruption and not a well-established i.e.
Establishing such approach in a larger organization would be difficult as it would be difficult task for transition from their regular methodologies. Second, customer trust and satisfaction is rapidly achieved, as people and interactions are more emphasized than processes and tools. Third, regular adaptation to changing circumstances in the market such that changes at the end of the completion are also welcomed. Fourth, work is divided into smaller chunks that are more easily scheduled, controlled and finished. While coming to disadvantages, projects in smaller startups can easily get out of track if the customer representative is not clear on what and how the final outcome they need. Second, as there is a lack in necessary design and documentation it becomes difficult to assess the efforts required at the beginning of the project life