Functional structure is a basic structure that have been use most of the organization. The structure are set up for grouped according to its purpose in their organization. In this type of organization, the functions that are prevalent in an organization including staffing, finance, research, marketing, engineering and others. The functional structure is suitable for a small businesses in each department. It also provides a clear career for employees, from junior-level positions, up to the top decision-making positions. It can make us aware of their talent and knowledge of workers. Besides that its support their specialization and result of the works is very good. It involve various department working separately with low communication which still bound with main department.
Purpose – The purpose of this literature survey is to know more about the project cost management and how the project cost management will affects the process in the project management.
This paper presents a review and analysis of research-based literature concerning the criteria by which project success is judged, the factors that contribute to the success of projects; and the knowledge, skills and personal attributes of project managers that are expected to lead to achievement of successful project outcomes. The study focuses on what project management is and what constitutes organizational project management strategy. It also looks at what are the types of projects that could be differentiated and how are they differentiated.
The paper is divided into three sections, the first of which will establish a timeline of events. This project background will serve as a case study for the analysis in the following section that will be structured such that each of the previously mentioned facets will be independently analyzed and contrasted with project management principles. Finally the paper will conclude with a summary of the analysis and recommendations based on
Project management has been defined as the process that involves the application of different processes, methods, knowledge, experience and skills for purposes of achieving the objectives of the project. On the other hand, a project is always defined as a unique and a transient endeavor that is undertaken to achieve an organization’s planned goals that could be defined on the basis of outputs and benefits. The process of managing a project entails the development of an effective project plan, a process that entails the definition as well as the confirmation of the project goals and objectives. The plan also gives a clear outline of how the project objectives will be achieved, identification of the tasks as well as the quantification of all the needed resources. The plan also plays an important role in developing an appropriate budget for the project as well as the most appropriate timeline that will be taken to complete the project being carried out.
With the exceptional growth in technology, the present day projects are often large and complex involving a significant risk. So, a Project Management Methodology enables the delivery organization to handle these projects comprehensively, systematically and in an integrated manner, which results in strategic, tactical and operational benefits.
In a world growing more dynamic and challenging, individuals and institutions seek new ways to adapt to the changing times. One specific solution in this sense is represented by project management. The concept is often associated with the business community, where the projects are business related, but its application in real life is far wider. Particularly, project management is an integrant part of how we organize our personal and professional actions and it impacts every aspect of our lives.
Within the project-based organizations is developed throughout the completion of projects. Between the non-project based organizations, the other areas of the project are completed
Project – this organization structure is temporary and is designed to achieve specific results while using teams of specialists from different areas within the company (Chand, n.d.) Once the project is over, the team members may be disbursed back to their original position or be assigned to another project. This style is good to use when there is a unique and unfamiliar to the company, work is not repetitive in nature, and critical in terms of possible gains or loses (Chand, n.d.). The project manager and the functional manager shares the authority over the project team members which could cause a conflict.
The functional structure provides employees, as well as their appropriate departments, with a clear objective and purpose for their work. As an example, employees within a marketing department know that their job is marketing and, as a result, those employees can focus on improving their marketing work and even specialize in a specific area of marketing. On the other hand, functional structure can create divisions between departments if a conflict develops between departments.
Any successful project management, regardless of the organizational structure, is only as good as the individuals and leaders who are managing the key functions. Project management is not a single-person operation; it requires a group of individuals dedicated to the achievement of a specific goal.
There are projects of different sizes that have different ways and requirements on how the people are organized. In small project, little organization structure is needed. There might be a primary sponsor, project manager and a project team. But, for large projects, there are more people involved, and it is important that people understand what they are expected to do, and what role
In this paper, I, a student of University of Phoenix will explain and discuss project management. I will address three main points. I will first answer what is a project. Secondly, I will discuss what are the basic phases of the project lifecycle and their purpose. Finally, I will explain why it 's important for organizations to use project management to accomplish tasks.
In this paper the word ‘project” is defined, discussed and elaborated on. The phases of a project lifecycle and its purpose are to be discussed, and how it is important for organizations to use project management to accomplish tasks will in conclusion be discussed thoroughly. The indisputable word ‘Project” may be defined in numerous unusual ways, some can all have the same meaning and others can mislead a reader. The definition that accurately explains what a project is, comes from the Houghton Mifflin Company (2009) website stating; “something that is contemplated, devised, or planned; plan; scheme.” A definition that can mislead a reader is this definition from the same website just two paragraphs
Some projects may last only a few days while others could last for years. The author states that the first step in managing a successful project is to develop a plan to produce the desired results on time and within budget. Short projects which are thoroughly and realistically planned are most likely to succeed. However, larger, more complex projects are more likely to encounter things that don’t work as planned. The greatest chance for success comes when