The PPM framework is based on a project as a production system view, in which a project transforms inputs (raw materials, information, labor, plant & machinery) into outputs (goods and services).. production management then becomes, the process of effectively planning and regulating the operations of that part of an enterprise which is responsible for the actual transformation of maters into finished products. Production “Management deals with decision – making related to the production process. An efficient production management solution will also deliver products at the time they are required by the market at the lowest achievable cost. Production management, also called operations management, planning and control of industrial processes to ensure that they move smoothly at the required level.Techniques of production management are employed in service as well as in manufacturing industries. Understanding of Production Management, Its Functions & Importance Production Management deals with the creation of goods and services through the application of the business concept. The definition of the two terms is discussed below, followed by the differences between them. Explanation. Definitions and explanations Production management. Production management is the direction and control of processes that produce products and services. The term is associated with manufacturing but can apply to other areas such as the management of a technology service. The production management principles are often referred to as operation management principles, and they are designed to facilitate the production of goods that are of the required quality and quantity. Definition of Production Management “It is also called operations management , planning, and control of industrial processes to ensure that they move smoothly at the required level. The following are common elements of production management. Definition. Project production management (PPM) is the application of operations management to the delivery of capital projects. In short, production management consists of the following activities (1) Designing products and packages. Production management is the field in which the principles of management are applied to the production function. It is a responsibility similar in level and scope to other specialties such as marketing or human resource and financial management. They are also vital in both service and manufacturing firms. To serve different customers, it makes use of resource allocation of activities of employees, production capacity, and materials. Quality Control If you're shipping a large number of complex products each week, an unnoticed quality problem can result in damage to your reputation and sales. (2) Production engineering. 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