Monitoring results against plans
is the difference between project management and project leadership that
project management includes.
To add, project
management<span> is the
discipline of initiating, planning, executing, controlling, and closing the
work of a team to achieve specific goals and meet specific success criteria.</span>
<span>The principle of opportunity cost is that the economic cost of using a factor of production is the alternative use of that factor that is given up. </span> This principle is used as a measure to choose one economic choice and investment, either financial or capital, over another with the goal to <span>ensure that scarce resources are used efficiently.</span>
Depository financial institutions provide customers with a wide range of financial services. They accept customer's deposits, issue loans, process checks, facilitate local and international payment, among others.
Depository financial services comprise commercial banks that are profits oriented and not-for-profit institutions such as credit unions and thrift institutions. Commercial banks charge a higher interest rate on loan issued than credit unions. However, banks can issue bigger loans than credit unions.
