Life Cycle Costing in Project Management

The purpose of life cycle costing is to calculate end to end cost of the product rather than the cost of the project. The other way to elaborate this concept is the cost of the entire life cycle of the product not only project to produce the product. The common...

What is Projectized Organizational Structure ?

Projectized organizational structure offers flexibility in the arrangements of resources.In projectized organization, the whole company is organized by projects rather than functional teams or departments. Since this structure promotes the projects work over...

Matrix Organization Structure

The matrix organization is a type of arrangement in which the authority power is share among project and functional manager. This type of organization overcome the disadvantage of functional organization by balancing the decision making power between functional and...