What is a Projectized Organization?
In a projectized organization, the project is the primary structure: teams are dedicated, colocated around their project, and the project manager holds full authority over budget and people. Functional departments are thin or absent.
Its strength is focus and speed; its exam-famous weakness is "no home": when the project ends, team members have no department to return to, and specialists can drift out of touch with their discipline between projects.
Worked example
A large EPC contractor runs projectized: the refinery project employs its own engineers, procurement staff, and schedulers, all reporting to the project director for three years. Decisions are fast — one boss, one goal. At handover, forty specialists finish on Friday with no next assignment; the bench between projects is the price of the model.