Final answer:
The concept is called Project Management, which is the execution of a temporary, unique endeavor with a start and end date, a fixed budget, and a specific goal or product.
Step-by-step explanation:
The concept being described is known as Project Management. It refers to the temporary endeavor undertaken to create a unique product, service, or result within a specified timeframe and budget. Operations management, on the other hand, is the ongoing execution of activities that produce the same product or provide a repeatable service. Strategic management is the continuous planning, monitoring, analyzing, and assessment of all that is necessary for an organization to meet its goals and objectives, whereas financial management is concerned with the planning, organizing, directing, and controlling of financial activities such as procurement and utilization of funds.