What is the difference between project and initiative, and why does it matter?

Many are using the term Project for bodies of work in both Operational budgets (OpEX) and in Investment budgets (CapEX) and this can have serious implications on how that work is being performed if used incorrectly.

In this video I go over the differences between what constitutes a project and what an initiative is. I also go over why this matters and what can happen if you use the terms incorrectly.

#waysofworking #project #initiative #wordsmatter #opex #capex

• ways of working