Project Management Organizational Structures
Summary
TLDRThis video explains the importance of project management organizational structures in the success of projects. It covers three main types: Functional, Projectized, and Matrix structures. The Functional structure involves functional managers having authority, with limited power for the project manager. In the Projectized structure, the project manager has full control over the project’s budget, schedule, and team. The Matrix structure blends aspects of both, with three variations: Weak, Strong, and Balanced Matrix, each distributing authority differently between project and functional managers. Understanding these structures helps in optimizing resource allocation and project success.
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