This document summarizes the key differences between parallel and distributed systems. Parallel systems use multiple processors that share memory and have a global clock for coordination. They are tightly coupled and focus on performance through cost and scalability. Distributed systems use multiple autonomous computers that communicate over a network and do not share memory or a global clock. They are weakly coupled and focus on performance, reliability, availability, and information/resource sharing. The document also provides examples of projects available through Cegonsoft for final year students, and details on their certification and placement support.