Full Solution Manual – Project Management: The Managerial Process (8th Edition, Erik W. Larson & Clifford F. Gray) | Latest 2025 Update

Project Management: The Managerial Process
c3 c3 c3 c3




Copyright © 2021 McGraw-
c3 c3 c3

Hill. All rights reserved. No reproduction or distribution without the prior written consent of McG
c3 c3 c3 c3 c3 c3 c3 c3 c3 c3 c3 c3 c3 c3

raw-Hill.
1

, Project Management: The Managerial Process
c3 c3 c3 c3




Copyright © 2021 McGraw-
c3 c3 c3

Hill. All rights reserved. No reproduction or distribution without the prior written consent of McG
c3 c3 c3 c3 c3 c3 c3 c3 c3 c3 c3 c3 c3 c3

raw-Hill.
2

, Project Management: The Managerial Process
c3 c3 c3 c3




Chapter 1 c3




Modern Project Management c3 c3




Chapter Outline c3




1. What Is a Project?
c3 c3 c3




A. What a Project Is Not c3 c3 c3 c3



B. Program versus Project c3 c3



C. The Project Life Cycle
c3 c3 c3




D. The Project Manager c3 c3




E. Being Part of a Project Team c3 c3 c3 c3 c3



2. Agile Project Management
c3 c3




3. Current Drivers of Project Management
c3 c3 c3 c3



A. Compression of the Product Life Cycle c3 c3 c3 c3 c3




B. Knowledge Explosion c3



C. Triple Bottom Line (Planet, People, Profit)
c3 c3 c3 c3 c3




D. Increased Customer Focus c3 c3



E. Small Projects Represent Big Problems
c3 c3 c3 c3




4. Project Management Today: A Socio-Technical Approach
c3 c3 c3 c3 c3



5. Summary
6. Text Overview
c3



7. Key Terms
c3




8. Review Questions c3



9. Snapshot from Practice: Discussion Questions
c3 c3 c3 c3




10. Exercises
11. Case 1.1: A Day in the Life—2019
c3 c3 c3 c3 c3 c3




12. Case 1.2: The Hokies Lunch Group
c3 c3 c3 c3 c3




Copyright © 2021 McGraw- c3 c3 c3

Hill. All rights reserved. No reproduction or distribution without the prior written consent of McG
c3 c3 c3 c3 c3 c3 c3 c3 c3 c3 c3 c3 c3 c3

raw-Hill.
3

, Project Management: The Managerial Process c3 c3 c3 c3




Chapter Learning Objectives c3 c3




After reading this chapter you should be able to:
c3 c3 c3 c3 c3 c3 c3 c3




LO 1-1
c3 Understand why project management is crucial in today’s world. c3 c3 c3 c3 c3 c3 c3 c3




LO 1-2
c3 Distinguish a project from routine operations. c3 c3 c3 c3 c3




LO 1-3
c3 Identify the different stages of a project life cycle.
c3 c3 c3 c3 c3 c3 c3 c3




LO 1-4
c3 Describe how Agile PM is different from traditional PM.
c3 c3 c3 c3 c3 c3 c3 c3




LO 1-5
c3


Understand that managing projects involves balancing the technical c3 c3 c3 c3 c3 c3 c3


c3 and sociocultural dimensions of the project.
c3 c3 c3 c3 c3




Review Questions c3




1. Define a project. What are five characteristics which help differentiate project
c3 c3 c3 c3 c3 c3 c3 c3 c3 c3


s from other functions carried out in the daily operations of the organization
c3 c3 c3 c3 c3 c3 c3 c3 c3 c3 c3 c3


?

A project is a complex, non-routine, one-
c3 c3 c3 c3 c3 c3


time effort limited by time, budget, resource, and specifications. Differentiating char
c3 c3 c3 c3 c3 c3 c3 c3 c3 c3


acteristics of projects from routine, repetitive daily work are below:
c3 c3 c3 c3 c3 c3 c3 c3 c3




a. A defined lifespan
c3 c3


b. A well-defined objective
c3 c3


c. Typically involves people from several disciplines c3 c3 c3 c3 c3


d. A project life cycle
c3 c3 c3


e. Specific time, cost, and performance requirements.
c3 c3 c3 c3 c3




2. What are some of the key environmental forces that have changed the wa
c3 c3 c3 c3 c3 c3 c3 c3 c3 c3 c3 c3


y projects are managed? What has been the effect of these forces on the
c3 c3 c3 c3 c3 c3 c3 c3 c3 c3 c3 c3 c3 c3


management of projects? c3 c3




Some environmental forces that have changed the way we manage projects are the
c3 c3 c3 c3 c3 c3 c3 c3 c3 c3 c3 c3 c3


product life cycle, knowledge growth, global competition, organization downsizing,
c3 c3 c3 c3 c3 c3 c3 c3 c3


technology changes, time-to- c3 c3


market. The impact of these forces is more projects per organization, project teams r
c3 c3 c3 c3 c3 c3 c3 c3 c3 c3 c3 c3 c3


esponsible for implementing projects, accountability, changing organization structur
c3 c3 c3 c3 c3 c3 c3


es, need for rapid completion of projects, linking projects to organization strategy a
c3 c3 c3 c3 c3 c3 c3 c3 c3 c3 c3 c3


nd customers, prioritizing projects to conserve organization resources, alliances with
c3 c3 c3 c3 c3 c3 c3 c3 c3


external organizations, and so on.
c3 c3 c3 c3 c3




3. Describe the four phases of the traditional project life cycle. Which phase do yo
c3 c3 c3 c3 c3 c3 c3 c3 c3 c3 c3 c3 c3




Copyright © 2021 McGraw- c3 c3 c3

Hill. All rights reserved. No reproduction or distribution without the prior written consent of McG
c3 c3 c3 c3 c3 c3 c3 c3 c3 c3 c3 c3 c3 c3

raw-Hill.
4