TEMPORARY ORGANIZATIONS & PROJECT SUCCESS

Temporary Organizations and Project Success

[Name of the institute]Implications of Temporary Organizations

Introduction

Project management is an entire struggle to achieve the corporate goals that are set to give direction to the various resources as well as stakeholders. The success of the projects tends to fall at stake when the resources are not managed in the most appropriate way. Temporary organizations is a comprehensive approach that aims to give meaning to the whole venture as to make it less blur and more achievable. According to Cacciatori et al. (2012, pp.309-331), groups of people get into working closely with each other in order to accomplish certain campaign and then they depart. In the same way, group of companies form a 'joint venture' to make up a new product. However, not all the joint ventures attain their targets that are pre-set. If it is deeply studied, it can be seen that in case every other organization is sustained through variety of ventures or products, it tends to live in a considerable fluid state. Such organizations limit themselves and survive through a series of temporary incarnations. The idea works best when the economic conditions are uncertain and the corporate world bears several threats against the survival. Here the temporary companies have immense opportunities to get hold onto the temporary targets and make use of the exposed situation to attain the targets. It helps the organizations revert and lessen the threats prevailing in the market. The differentiating features of temporary organizations help the resources to be allocated at most demanding commodities or essentials and save the ones that may not be needed at present. The project success is mandatory to the functionality of temporary organizations.

Discussion

Distinguishing Features of Temporary Organizations

According to Dietrich et al. (2007, pp.1-15), a project that works as a temporary organization implies that it tend to assert the concept of time management and allocation as one of the four distinguishing characteristics of the temporary organizations which differentiate them from permanent nature of the organizations. The other four characteristics include time, task, team and transition. In short it is a little complicated effort in order to attain particular aims and objectives in the span of pre-set schedule, and budget. This typically cuts across organizational alignment but does not need to be repetitive in the same organization. Most recently, it has been expanded to address the implications of products and services. The word temporary itself implies the meaning that a project has to have its ending point, whereas, unique indicates the products or the services are differing in comparison to some distinguishable way from the pool of similar products and services. On the other hand, the expectations increase from the projects and the element of success becomes the imperative part of the short journey.

According to Hanisch & Wald (2013), there is presence of advantageous change that the ultimate product of the projects has been expected to render in the end. The temporary project has so far aimed to establish an incomparable provision ...