00:01
Talk about this question so the first one we're going to talk about is the functional approach so what are some advantages so in the functional approach team members are grouped by their respective functions or departments so there's a clear reporting structure it promotes specialization so because they work within their functional areas of expertise they allow for deep knowledge and skill development.
01:18
It also allows resources to be allocated more efficiently, reducing costs because team members are shared across projects.
01:43
Now let's talk about some disadvantages.
01:49
There's a lack of project focus because members may prioritize functional goals or project objectives.
01:57
That leads to a lack of focus on project outcomes.
02:20
There's also limited communication communication between functional units can be challenging, leading to potential delays or misunderstandings.
02:41
There's also limited flexibility as resource allocation can be rigid and less adaptable to changing project needs.
03:01
Then let's talk about the matrix approach to managing projects.
03:09
The matrix approach encourages open communication and collaboration among team members from different functional areas.
03:16
So it promotes knowledge sharing and problem solving.
03:38
There's also more flexible resource allocation because resources can be shared across projects while still maintaining a project oriented focus.
03:47
This allows for greater flexibility in responding to changing project requirements.
04:06
There's also efficient resource use with shared resources...