Project-Based Management (or Project-Oriented Management) is a designation for a management style that is based on the assumption that work tasks are distributed into teams and projects, and are managed in comprehensive, time and task unique units.
Project-based management in practice: Project-based management is in some ways the opposite of process-based management, which focuses on a repeatable set of activities and tasks. Project-based management is applied to the unique (in terms of content and scope) events and focuses on achieving results in a team of people (project team). It is therefore not typical for repetitive and routine processes. Project management style is applied practically in all sectors, and in all situations where you need high productivity and concentration of the working team on a specific goal.
Project-oriented management is used for example in the unit (custom) production. It is typical for the management of large investment projects, often for investment and development activities in organizations. (e.g. implementation of the specific strategic objective, introducing some changes in the organization), but it can also be applied for example in mass production, where specific teams can work of individual structural units on a project basis.