Difference Leading Versus Managing Project Answer Relate Concept Pm S Sphere Influence Q34235332

What is the difference between “leading” versus “managing” aproject? How does your answer relate to the concept of a PM’s”Sphere of Influence”?

Expert Answer

Leading  a project means owning up of theresponsibilities regarding the successful execution of the project,motivating project team and driving them to achieve the projectgoals and trouble shooting the project related issues. In contrastto it, managing a project, means allocation of resources in mostefficient ways so that project is completed within the budgetedexpenses and time schedule. Here, management is important toprevent the project from getting cost overrun, whereas leading theproject readies the people to complete the project despite