BUSI 3309 Study Guide - Ac Propulsion Tzero, Scope Creep, Learning Curve
Document Summary
Challenges to organizing projects: uniqueness and short duration of project vs. long-term organizational activities | multidisciplinary and cross-functional nature of projects creates authority and responsibility dilemmas. Appropriate pm structure: balances the needs of the project with the needs of the organization. Project participants report to both managers: matrix structure optimizes the use of resources. Allows for participation on multiple projects while performing normal functional duties. Projectized: teams operate as a separate units under the leadership of a pm, functional departments are responsible for providing support for its teams. Network: an alliance of several organizations for the purpose of creating products/services: a hub firm with strong core competencies outsources key activities to a collaborative cluster of satellite organizations (such as construction projects) Project lifecycle: initiation & concept evaluation project post-project maintenance & operations. Governance: selection & investment authority division points & monitoring benefits realization; outcomes management.
