Project-based organizations (PBOs) refer to various
organizational forms that create temporary systems for carrying out their work.
PBOs can be created by different types of organizations (i.e., functional,
matrix, or projectized (see 2.1.3)). The use of PBOs may diminish the hierarchy
and bureaucracy inside the organizations as the success of the work is measured
by the final result rather than by position or politics.
PBOs conduct the majority of their work as projects and/or
provide project rather than functional approaches. PBOs can refer to either
entire firm’s (as in telecommunications, oil and gas, construction,
consultancy, and professional services) multi-firm consortia, or networks; it
is also possible that some large project-based organizations have functional
support areas or that the PBO is nested within subsidiaries or divisions of
larger corporations. click for more Detail
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