Based on the job complexity and level of responsibility, and the seniority of the occupational role, an average of three to fi ve functional competencies are assigned to a given job. As being management, a social and universal process, its area is very wider. Functional competencies are defi ned by duties and responsibilities assumed by staff members for a given job. ADVERTISEMENTS: Some of the major functional areas of management are as follows: It is also called operational management or functional areas of management. Besides the heads of a firm's product and/or geographic units, the company's top management team typically consists of several functional heads (such as the chief financial officer, the chief operating officer, and the chief strategy officer). Project Management Structures vs. Functional Management. Content uploaded by Gabriela Lobonțiu. Inter disciplinary approach of management widens the functional areas.\\ ADVERTISEMENTS: There are five main functional areas of management viz., […] They are grouped based on their specific skills and knowledge. Throughout this book we will speak of management in the broadest generic sense, referring to the processes applied and not to particular job titles. Author content. All content in this area was uploaded by … It is typical for the program manager to manage across the various functions of an organization such as engineering, marketing, finance, Few organisational issues generate as much passion and debate as the role, powers and authority of programme or project managers vis-à–vis the functional hierarchy. D Student University of Craiova Faculty of Economics and Business Administration Craiova, Romania Abstract: Today, cross-functional management is a challenging research topic given the multitude of the cross-functional organizations that are B.COM (Think-Tank) Business Law(THINK-TANK) Cost Accounting(Think Tank) Business Budgeting By … Functional Management Human Resources Marketing & Finance Production & Materials. The functional manager will control the budget and the “project manager” will act more as a coordinator of the project activities rather than having real project management responsibilities. Given the varied nature of its work, the Agency could Introduction. Functional Management. 50 Chapter 4 Management and Its Basic Functions top levels both constitute management, just as the people directing the efforts of others at numerous intervening levels also belong to management. You might also like. B.COM (Think-Tank), FUNCTIONAL MANAGEMENT (THINK-TANK) guru kpo. The Owner-manager and the Functional Management of a Small Firm.pdf. CROSS-FUNCTIONAL MANAGEMENT – EFFECTIVE ORGANIZATION FORM OF ENTERPRISES Assist. 2.Program management is entirely cross-functional, while project management focuses on a single function, or limited cross-functional alignment at best. The intensity of the debate is particularly strong in companies that maintain a strong functional hierarchy. A functional organizational structure is a structure used to organize workers. It vertically structures each department with roles from the president to finance and sales departments, to customer service, to employees assigned to one product or service. Laura Dinca, Ph. 0 people like this.