Question

Q) PM and organization structures:

1) what are the -

-Functional

-Matrix

-Projectised / dedicated team

( of PM and organization structures )

2) Strengths and weakness for PM

Answer 1

1)Project management is the implementation of processes, methods, skills, knowledge, and experience to get a specific project objective according to the project acceptance criteria within agreed parameters. Project management has final deliverables that are mannered to a finite timescale and budget.

Depending on the environment of the organization, the goals they set for themselves, and the nature of work being done. There are 3 types of organizational structure

• Functional Organizational Structure
• Matrix Organizational Structure – This can be further divided into – Balanced matrix, Strong Matrix, and Weak Matrix
• Projectized Organization Structure

A functional organization is a common type of organizational structure in which the organization is split into smaller groups based on expertise functional areas, like IT, finance, or marketing. For example, there are some separate departments for marketing, accounting, and engineering. Mainly, all the functional heads will report directly to the company president or CEO.

Projected /dedicated team, an organizational structure in which the project manager has full authority to allocate priorities, apply resources, and direct the workers for the assigned project. The project management team structure is designed in a manner for the project manager to have project authority, he has the power over the project’s budget, schedule, and the project team. the manager might be the top of the hierarchical structure, with employees playing hold up all roles for the project. At the end of the project, the project team members are released and resources directed towards more relevant areas. Projects always have deadlines and tight schedules, which can make the work environment difficult. Poor communication can create resource duplication if there is more than one project.

The matrix organizational structure is a combination of multiple types of organizational structures. The matrix organization is the structure that combines these other organizational structures to give them balance. Mainly, there are two chains of command, where project team members have two managers. Successful Businesses that use the Matrix Organizational structure allows multiple departments to easily communicate and combine on a project. Because employees answer to more than one manager as against just the functional manager, issues are solved very quickly, and company-wide interaction is increased.

2)Strength and weakness of PM

Strength

• The fairly well-defined project framework.
• Difficulty in identifying the commercial usage of the platform and subsequent products.
• Using a contractor familiar with business re-organization combined with IT projects.
• Politically independent consultant.
• Strong parent company culture.
• Well-defined responsibilities.

Weakness

• Unfeasible estimation of resource, cost, and time frame &Inflexible meetings schedule.
• Many stakeholders with complex relationships.
• Difficult communications due to cultural differences and competition.
• Lack of international experience of the project team.
• Functional managers have a different methodology