You are a new project manager who has been entrusted with a project. The project has entered the Execution phase, and you as the project manager, discover that there is a need to spend part of the project funding to bring an external consultant, to cover for an employee leaving the project team. If you are authorized to make decisions about spending this project fund, what kind of an organization structure are you working in?

Project ( Projectized)

Explanation:

project management simply entails thorough planning, organizing, and managing resources to bring about the successful completion of specific project goals and objective.

3 main types of organizational structures are functional (departmentalized), matrix, and project.

In projectized - an organizational structure, the project manager has full power to assign works, apply resources, and direct the work of persons that is assigned to the project.

It is characteristized by subject matter experts (SMEs) from different functional areas are assigned to directly report to the project manager (PM) for a specific project and others.

cognitive overload: having a lot on your mind impairs decision-making and tends to result in the simplest, but not necessarily best, option being selected.

empathy gaps: overlooking how you might feel in a different situation can result in unnecessary purchases, such as overbuying when shopping for food on an empty stomach.

optimism and overconfidence: wearing rose-tinted glasses and having unrealistic expectations about the future can affect money management and leave you unprepared for a change in circumstance.

instant gratification: seeking instant gratification drives impulsive spending and can undermine long-term planning and savings.

harmful habits: automatic or mindless behaviour can amplify a poor financial decision as it becomes a recurring event.

social norms: we are heavily influenced by the actions of others; while this can be in certain circumstances, it also contributes to the pressure to keep up with the joneses through conspicuous consumption.

answer; the coefficient of determination;