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Project Management

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2. What are product-oriented processes? Give one example. Product-oriented processes are those, which focus on the tangible results of the project. They require specific domain knowledge, tools, and techniques in order to complete the work. An example would be the creation of a software application package. 4. Describe the initiating processes. Give one example of an initiating process to support a particular phase of oil exploration project methodology. The initiating process signals the beginning of the project or phase. It requires an organization to make a commitment in terms of time and resources. Although all phases of the project should have some type of initiating process. The time and effort needed to develop …show more content…

Projects are managed within the existing functional hierarchy. 18. What are some opportunities for Oil and gas projects under the functional organizational structure? Increased flexibility – subject matter experts and other resources can be assigned to the project as needed. An individual can be part of the project team on a full-time or part-time basis and then return to their respective functional units once the project is completed. Breadth and depth of knowledge and experience – individuals from a particular subunit can bring a wealth of knowledge, expertise, and experience to the project. The project experience may lead to greater opportunities for career advancement within the subunit. If the project crosses functional areas, an opportunity exists for these individuals to learn from each so that a less parochial solution can be developed. Less duplication – coordination of resources and activities can lead to less duplication of resources across projects since specialization of skills and resources are housed within a functional area. The project also tends to be more focused because a primary functional area is responsible for and ultimately takes ownership of the project. 20. What are some challenges for IT projects under the project organizational structure? * Determining authority and responsibility * Determining who has authority and responsibility for a project must be resolved at the outset, especially when

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