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What's the difference between contract management or project management?

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Question added by diksha sharma
Date Posted: 2016/03/08
Md Fazlur Rahman
by Md Fazlur Rahman , Procurement Specialist , Engineering and Planning Consultants Ltd

Contract Management: This is managing a procurement contract or service contract with activities like preparation of specs. Bidding docs, evaluation of bids, award of contract and administration of contract. 

Project Management: This is managing total project including project formulation, design, implementation, operation, handover and closure.  A project Management is much more complex than contract management.  In fact, there could be several contracts under one Project. 

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