Virtual Organisation

A temporary or permanent coalition of individuals, groups, organisational units or entire organisations that pool resources, capabilities and information to achieve common objectives.

VOs can provide services and thus participate as a single entity in the formation of further VOs. This enables the creation of multiple layers of virtual value-added service providers.

It is a temporary consortium of partners from different organizations established to fulfil a value adding task, for example a product or service to a customer. The lifetime of a VO is typically restricted: It is created from the network for a definite task and dissolved after the task has been completed.

VO

(See Virtual Organisation.)

VO Management

Denotes the organisation, allocation and coordination of resources and their activities as well as their inter-organisational dependencies to achieve the objectives of the VO within the required time, cost and quality frame.