A private oil company is embarking on a joint pipeline project with the government. Which type of network will they set up for project management?

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Business

Lizbeth Jenkins

5 November, 16:42

A private oil company is embarking on a joint pipeline project with the government. Which type of network will they set up for project management?

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Gibbs · Answer 1

A Joint Venture is the type of network that the private oil company and the government should set-up to manage the project. In other business terms, joint venture between a private and a public entity is also known as a Public-Private Partnership. It holds both parties responsible for the tasks to be delivered at hand. There are contracts and agreements between the two parties to be made in order for the project to work and become successful.