I’m studying for my Business class and don’t understand how to answer this. Can you help me study?
According to PMBOK®, Project-based organizations (PBOs) refer to various organizational forms that create temporary systems for carrying out their work. Businesses that need and expect fast innovation is most likely to be and suited to project-based organizations. Many businesses like entertainment, construction, aerospace, etc. organize their work by dividing it into various projects. In a functional structure, departments are created to organize work based on specialties like marketing and finance. However, in a project-based organization, most of the business functions are organized in projects. A small-business manager should consider adopting a project based structure as it improves the efficiency of the work. Implementation of project-based management also gives increased responsiveness, allowing him to adjust quickly to market changes. Considering the functioning of project based organizations, we will learn about the project based structure and the advantages of project based organizations in this article.
1. Explain how project organizations can demonstrate maturity, why this is important, and the possible benefits accruing from the maturity model concept.
2) What is it important to identify the stakeholders in any project?
3) What information would a stakeholder plan contain?
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