For a project manager, a project-based organization would be better than a matrix organization. In a project-based, a project manager has more control over the project and its decisions. The manager makes most of the final decisions, as opposed to a matrix organization where there is more than one manager/boss and decisions have to be made in more…[Read more]

I have been a part of a Functional and Project-based organization and from personal experience I believe that a Functional organization tends to run more smoothly. I agree with Anthony’s comment in that it does depend on the size of the company and my company had 60 employees. The advantages were that it was easy to communicate any idea or issue…[Read more]

I would most likely choose Acceptance Mitigation/Limitation for low severity. Mitigation would be my first choice because this action actually reduces a company’s exposure to the risk unlike Acceptance which will not limit any of the effects. On the other hand, if the cost of the other risk management options will outweigh the cost of the risk…[Read more]