SOLUTION MANUAL Project Management: The Managerial Process, 8th Edition by Larson and Gray All Chapters (1– 16) Completed

SOLUTION MANUAL
Project Management, The Managerial Process,
8th Edition by Erik W. Larson, Clifford F. Gray
All Chapters 1 - 16

,TABLE OFCONTENTS yj yj




Ch. 1 Modern Project Management
yj yj yj yj




Ch. 2 Organization Strategy and Project Selection
yj yj yj yj yj yj




Ch. 3 Organization: Structure and Culture
yj yj yj yj yj




Ch. 4 Defining the Project
yj yj yj yj




Ch. 5 Estimating Project Times and Costs
yj yj yj yj yj yj




Ch. 6 Developing a Project Schedule
yj yj yj yj yj




Ch. 7 Managing Risk
yj yj yj




Ch. 8 Scheduling Resources and Costs
yj yj yj yj yj




Ch. 9 Reducing Project Duration
yj yj yj yj




Ch. 10 Being an Effective Project Manager
yj yj yj yj yj yj




Ch. 11 Managing Project Teams
yj yj yj yj




Ch. 12 Outsourcing: Managing Interorganizational Relations
yj yj yj yj yj




Ch. 13 Progress and Performance Measurement and Evaluation
yj yj yj yj yj yj yj




Ch. 14 Project Closure
yj yj yj




Ch. 15 Agile Project Management
yj yj yj yj




Ch. 16 International Projects
yj yj yj

, Chapter 1 yj




ModernProjectManagement yj yj




ChapterOutline yj




1. What Is a Project? yj yj yj




A. What aProject IsNot yj yj yj yj




B. Programversus Project yj yj




C. TheProject LifeCycle yj yj yj




D. TheProject Manager yj yj




E. Being Part ofa Project Team yj yj yj yj yj




2. AgileProject Management
yj yj




3. Current DriversofProject Management yj yj yj yj




A. Compressionofthe Product Life Cycle yj yj yj yj yj




B. KnowledgeExplosion yj




C. TripleBottomLine (Planet, People, Profit) yj yj yj yj yj




D. Increased Customer Focus yj yj




E. SmallProjects Represent Big Problems yj yj yj yj




4. Project Management Today: ASocio-TechnicalApproach
yj yj yj yj yj




5. Summary
6. Text Overview
yj




7. KeyTerms
yj




8. ReviewQuestions yj




9. Snapshot fromPractice: DiscussionQuestions yj yj yj yj




10. Exercises
11. Case 1.1: ADayinthe Life—2019
yj yj yj yj yj yj




12. Case 1.2: The Hokies LunchGroup
yj yj yj yj yj

, ChapterLearningObjectives yj yj




After reading this chapter youshould be able to:
yj yj yj yj yj yj yj yj




LO 1-1
yj Understandwhyproject management iscrucialintoday’sworld. yj yj yj yj yj yj yj yj




LO 1-2
yj Distinguishaproject fromroutine operations. yj yj yj yj yj




LO 1-3
yj Identifythe different stagesofa project lifecycle. yj yj yj yj yj yj yj yj




LO 1-4
yj Describe how Agile PM is different fromtraditionalPM. yj yj yj yj yj yj yj yj




LO 1-5
yj Understandthat managingprojects involves balancingthetechnicalandsociocult yj yj yj yj yj yj yj yj yj




uraldimensions ofthe project. yj yj yj yj




ReviewQuestions yj




1. Definea project. Whatare five characteristics which help differentiate projectsfrom o
yj yj yj yj yj yj yj yj yj yj yj yj




therfunctions carried out in thedaily operations of the organization?
yj yj yj yj yj yj yj yj yj yj




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




time effort limited by time, budget, resource,and specifications. Differentiating characteristics
yj yj yj yj yj yj yj yj yj yj yj




of projects from routine, repetitive dailywork arebelow:
yj yj yj yj yj yj yj yj




a. Adefined lifespan yj yj




b. Awell-defined objective yj yj




c. Typicallyinvolves people fromseveraldisciplines yj yj yj yj yj




d. Aproject lifecycle yj yj yj




e. Specifictime, cost, and performancerequirements. yj yj yj yj yj




2. What are some ofthe key environmental forces that have changedthewayprojec
yj yj yj yj yj yj yj yj yj yj yj yj yj




ts are managed? What has been the effect of these forces on the management of p
yj yj yj yj yj yj yj yj yj yj yj yj yj yj yj




rojects?

Some environmental forces that have changed the way we manage projects are the product lif
yj yj yj yj yj yj yj yj yj yj yj yj yj yj




e cycle, knowledge growth, global competition, organization downsizing,technologychange
yj yj yj yj yj yj yj yj yj




s, time-to-yj




market.The impact ofthese forces is more projectsperorganization, project teams responsibl
yj yj yj yj yj yj yj yj yj yj yj yj yj




e for implementing projects, accountability, changing organization structures, need for rapid
yj yj yj yj yj yj yj yj yj yj yj




completion of projects, linking projects to organization strategy and customers, prioritizing yj yj yj yj yj yj yj yj yj yj yj




projects to conserve organizationresources, alliances withexternalorganizations, and so on.
yj yj yj yj yj yj yj yj yj yj yj




3. Describe the fourphases of the traditionalproject life cycle. Which phase doyouthink w yj yj yj yj yj yj yj yj yj yj yj yj yj yj yj




ould be most thedifficult one to complete? yj yj yj yj yj yj yj