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It's all about accountability, if you are managing the project, then you are accountable for it's delivery, while if you are coordinating it, you are not neccessarily responsible for the outcomes
A project manager manages the project. A project coordinator communicates the project status with concerned parties.
Project management, then, is the application of knowledge, skills and techniques to execute projects effectively and efficiently. It’s a strategic competency for organizations, enabling them to tie project results to business goals — and thus, better compete in their markets.
Project coordination refers to the planning, monitoring and control of all aspects of a project and the motivation of all those involved in it, to achieve the project objectives on time and to the specified cost, quality and performance.
Project managers and project coordinators have similar roles in a project. Both must have leadership skills and serve in management roles in a project. However, the details of both roles create a few differences. Specifically, project managers and project coordinators have slightly different objectives and duties in their daily work routines.