Sentence:  <WSD>Projectization</WSD> means that all 'staff and office costs asociated with implementing a project are charged to projects through a time-allocation concept' (IOM, 2010b). Thus, unlike other IGOs, IOM cannot balance activities flexibly within a large regular budget. In practice, <WSD>projectization</WSD> implies that IOM is conducting those and only those activities that will definitely be financed by guaranteed project contributions from concrete donors. 
Meaning of the word marked with <WSD> tags:  The allocation of funds to a specific project regardless of any other consideration.