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Q4-2OQ

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Operations And Supply Chain Management
Found in: Page 100
Operations And Supply Chain Management

Operations And Supply Chain Management

Book edition 14th
Author(s) F. Robert Jacobs
Pages 800 pages
ISBN 9780078024023

Short Answer

What are the four major categories of projects based on the type of change involved?

A project is a one-of-a-kind, temporary effort undertaken to attain predetermined goals, which can be represented in terms of results, consequences, as well as profits. A project is usually considered an achievement if it meets the aims as per the acceptance requirements, on deadline, as well as on cost.

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Step by Step Solution

Four major categories of project

Product change

A change is a project, effort, as well as idea that is introduced into an organization to enhance the way things are done, address a situation, as well as capitalize on such a chance.

Process change

A change order is a serious proposal for modifying an item as well as service. A change request is frequently raised in managing projects when a customer would like to add to or modify the agreed-upon outputs for a project. The procedure is the system for initiating, reporting, analyzing, authorizing, as well as resolving project modifications. When it is judged essential to adjust the extent, timing, or expense of one and more prior agreed entire project, project modifications are needed.

Research and development

Research, as well as development, refers to the activities that businesses engage in to create as well as offer innovative services. It is frequently the initial phase of the creation procedure. Generally, the objective is to bring innovative services to the market by increasing the organization’s bottom line.

Alliance as well as partnership

Alliance management is a modern as well as a rising profession dedicated to influencing the effectiveness of a strong working collaboration among two or more separate organizations that have comparable resources and capabilities. Partners may offer resources to the partnership deal including project financing, investment knowledge, and experience.

The type of change involved

Functional project

A functional project corporate system is made up of team members selected from many functional departments. The project is situated inside the company's functional area.

Matrix project

The matrix project manager alludes to a multidisciplinary group whose representatives are selected from many hierarchical divisions as well as functional groups. A project leader oversees workers from several functional departments.

Pure project

A pure project is one in which a self-contained group operates on the project full-time. The project leader has complete control over the project. Each group member reports to a single supervisor. Interaction channels are being reduced. Personnel is assigned to a certain project group.

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