/*! This file is auto-generated */ .wp-block-button__link{color:#fff;background-color:#32373c;border-radius:9999px;box-shadow:none;text-decoration:none;padding:calc(.667em + 2px) calc(1.333em + 2px);font-size:1.125em}.wp-block-file__button{background:#32373c;color:#fff;text-decoration:none} Q4-3OQ Match the following characterist... [FREE SOLUTION] | 91Ó°ÊÓ

91Ó°ÊÓ

Match the following characteristics with their relevant project team organizational structures.

__________ The project is housed within a functional division of the firm.

__________ A project manager leads personnel from different functional areas.

__________ Personnel work on a dedicated project team.

__________ A team member reports to two bosses.

__________ Team pride, motivation, and commitment are high.

__________ Team members can work on several projects.

__________ Duplication of resources is minimized.

Short Answer

Expert verified
  1. Functional project
  2. Matrix project
  3. Pure project
  4. Matrix project
  5. Pure project
  6. Functional project
  7. Matrix project

Step by step solution

01

The project is housed within a functional division of the firm is functional project

A functional project corporate framework consists of members of the project team drawn from several organizational functional departments. A functional structure is a sort of corporate framework that divides a corporation into divisions focused on its areas of competence.

02

A project manager leads personnel from different functional areas in a matrix project

The concept matrix project organization relates to a multidisciplinary group whose representatives are selected from several hierarchical divisions as well as functional areas. A matrix organization is a type of business framework in which groups report to various managers.

03

Personnel work on a dedicated project team is a pure project

When an organization has a small lot of projects with a lengthy lifespan, a pure project structure is recommended. The unit is now responsible for the main business. Project leaders are often significantly greater in the hierarchy under a pure project structure paradigm, with direct management over business operations, workers, as well as project resources. This kind of managing projects is effective as well as efficient for bigger projects, although it is typically prohibitively expensive for smaller ventures.

04

A team member reports to two bosses is matrix project

A matrix project is a worker reporting to the main supervisor while concurrently operating for one as well as more bosses on projects. A type of organizational structure in which workers report to even more than one manager instead of just one.

05

Team pride, motivation, and commitment are high in pure project

The project manager directly interacts with higher leaders. Before making technical or some other decisions, there is no requirement to obtain authorization from the functional manager. It minimizes the hierarchy as well as allows for faster decision-making. However, pure project organization is beneficial for large as well as gigantic projects. Project organization is a distinct type of functional division in which every employee of the task workforce report immediately to their project supervisor.

06

Team members can work on several projects is functional project

A structure in which members of the team are allocated from the firm's functional departments. The teammates remain in their functional departments and therefore are generally committed to the task.

07

Duplication of resources is minimized is matrix project

Matrix project is used to satisfy fluctuating resource needs, resource management may mistakenly over-or under-allocated resources. Several project-intensive firms continue to control their resources using bulky files as well as homemade solutions. These old systems are inefficient as well as fail to address the resource optimization concerns that exist in today's corporate sector.

Unlock Step-by-Step Solutions & Ace Your Exams!

  • Full Textbook Solutions

    Get detailed explanations and key concepts

  • Unlimited Al creation

    Al flashcards, explanations, exams and more...

  • Ads-free access

    To over 500 millions flashcards

  • Money-back guarantee

    We refund you if you fail your exam.

Over 30 million students worldwide already upgrade their learning with 91Ó°ÊÓ!

One App. One Place for Learning.

All the tools & learning materials you need for study success - in one app.

Get started for free

Most popular questions from this chapter

An approach that uses inter-functional teams to get input from the customer in the design specification.

Why would subcontractors for a government project want their activities on the critical path? Under what conditions would they try to avoid being on the critical path?

A philosophy that aggressively seeks to eliminate causes of production defects.

Question: Various financial data for the past two years follow. Calculate the total productivity measure and the partial measures for labor, capital, and raw materials for this company for both years. What do these measures tell you about this company?

A builder has located a piece of property that she would like to buy and eventually build on. The land is currently zoned for four homes per acre, but she is planning to request new zoning. What she builds depends on the approval of zoning requests and your analysis of this problem to advise her. With her input and your help, the decision process has been reduced to the following costs, alternatives, and probabilities:

Cost of land: \(2 million.

Probability of rezoning: 60.

If the land is rezoned, there will be additional costs for new roads, lighting, and so on, of \)1 million. If the land is rezoned, the contractor must decide whether to build a shopping center or1, 500 apartments that the tentative plan shows would be possible. If she builds a shopping center, there is a 70 percent chance that she can sell the shopping center to a large department store chain for \(4 million over her construction cost, which excludes the land; and there is a 30 percent chance that she can sell it to an insurance company for \)5 million over her construction cost (also excluding the land). If instead of the shopping center, she decides to build the 1,500 apartments, she places probabilities on the profits as follows:

There is a 60 percent chance that she can sell the apartments to a real estate investment corporation for \(3,000 each over her construction cost; there is a 40 percent chance that she can get only \)2,000 each over her construction cost. (Both exclude the land cost.)

If the land is not rezoned, she will comply with the existing zoning restrictions and simply build 600 homes, on which she expects to make $4,000 over the construction cost on each one (excluding the cost of land).

Draw a decision tree of the problem and determine the best solution and the expected net profit.

See all solutions

Recommended explanations on Business Studies Textbooks

View all explanations

What do you think about this solution?

We value your feedback to improve our textbook solutions.

Study anywhere. Anytime. Across all devices.