SOLUTION MANUAL
, TABLE OF CONTENTS
Chapter. 1 Modern Project Management
Chapter. 2 Organization Strategy and Project Selection
Chapter. 3 Organization: Structure and Culture
Chapter. 4 Defining the Project
Chapter. 5 Estimating Project Times and Costs
Chapter. 6 Developing a Project Schedule
Chapter. 7 Managing Risk
Chapter. 8 Scheduling Resources and Costs
Chapter. 9 Reducing Project Duration
Chapter. 10 Being an Effective Project Manager
Chapter. 11 Managing Project Teams
Chapter. 12 Outsourcing: Managing Interorganizational Relations
Chapter. 13 Progress and Performance Measurement and Evaluation
Chapter. 14 Project Closure
Chapter. 15 Agile Project Management
Chapter. 16 International Projects
, Chapter 1
Modern Project Management
Chapter Outline
1. What Is a Project?
A. What a Project Is Not
B. Program versus Project
C. The Project Life Cycle
D. The Project Manager
E. Being Part of a Project Team
2. Agile Project Management
3. Current Drivers of Project Management
A. Compression of the Product Life Cycle
B. Knowledge Explosion
C. Triple Bottom Line (Planet, People, Profit)
D. Increased Customer Focus
E. Small Projects Represent Big Problems
4. Project Management Today: A Socio-Technical Approach
5. Summary
6. Text Overview
7. Key Terms
8. Review Questions
9. Snapshot from Practice: Discussion Questions
10. Exercises
11. Case 1.1: A Day in the Life—2019
12. Case 1.2: The Hokies Lunch Group
, Chapter Learning Objectives
After reading this chapter you should be able to:
LO 1-1 Understand why project management is crucial in today’s world.
LO 1-2 Distinguish a project from routine operations.
LO 1-3 Identify the different stages of a project life cycle.
LO 1-4 Describe how Agile PM is different from traditional PM.
LO 1-5 Understand that managing projects involves balancing the
technical andsociocultural dimensions of the project.
Review Questions
1. Define a project. What are five characteristics which help
differentiate projectsfrom other functions carried out in the daily
operations of the organization?
A project is a complex, non-routine, one-time effort limited by time, budget,
resource,and specifications. Differentiating characteristics of projects from
routine, repetitive daily work are below:
a. A defined lifespan
b. A well-defined objective
c. Typically involves people from several disciplines
d. A project life cycle
e. Specific time, cost, and performance requirements.
2. What are some of the key environmental forces that have
changed the wayprojects are managed? What has been the
effect of these forces on the management of projects?
Some environmental forces that have changed the way we manage projects
are the product life cycle, knowledge growth, global competition,
organization downsizing,technology changes, time-to-market. The impact of
these forces is more projects perorganization, project teams responsible for
implementing projects, accountability, changing organization structures,
need for rapid completion of projects, linking projects to organization
strategy and customers, prioritizing projects to conserve organization
resources, alliances with external organizations, and so on.
3. Describe the four phases of the traditional project life cycle. Which
phase do youthink would be most the difficult one to complete?
, TABLE OF CONTENTS
Chapter. 1 Modern Project Management
Chapter. 2 Organization Strategy and Project Selection
Chapter. 3 Organization: Structure and Culture
Chapter. 4 Defining the Project
Chapter. 5 Estimating Project Times and Costs
Chapter. 6 Developing a Project Schedule
Chapter. 7 Managing Risk
Chapter. 8 Scheduling Resources and Costs
Chapter. 9 Reducing Project Duration
Chapter. 10 Being an Effective Project Manager
Chapter. 11 Managing Project Teams
Chapter. 12 Outsourcing: Managing Interorganizational Relations
Chapter. 13 Progress and Performance Measurement and Evaluation
Chapter. 14 Project Closure
Chapter. 15 Agile Project Management
Chapter. 16 International Projects
, Chapter 1
Modern Project Management
Chapter Outline
1. What Is a Project?
A. What a Project Is Not
B. Program versus Project
C. The Project Life Cycle
D. The Project Manager
E. Being Part of a Project Team
2. Agile Project Management
3. Current Drivers of Project Management
A. Compression of the Product Life Cycle
B. Knowledge Explosion
C. Triple Bottom Line (Planet, People, Profit)
D. Increased Customer Focus
E. Small Projects Represent Big Problems
4. Project Management Today: A Socio-Technical Approach
5. Summary
6. Text Overview
7. Key Terms
8. Review Questions
9. Snapshot from Practice: Discussion Questions
10. Exercises
11. Case 1.1: A Day in the Life—2019
12. Case 1.2: The Hokies Lunch Group
, Chapter Learning Objectives
After reading this chapter you should be able to:
LO 1-1 Understand why project management is crucial in today’s world.
LO 1-2 Distinguish a project from routine operations.
LO 1-3 Identify the different stages of a project life cycle.
LO 1-4 Describe how Agile PM is different from traditional PM.
LO 1-5 Understand that managing projects involves balancing the
technical andsociocultural dimensions of the project.
Review Questions
1. Define a project. What are five characteristics which help
differentiate projectsfrom other functions carried out in the daily
operations of the organization?
A project is a complex, non-routine, one-time effort limited by time, budget,
resource,and specifications. Differentiating characteristics of projects from
routine, repetitive daily work are below:
a. A defined lifespan
b. A well-defined objective
c. Typically involves people from several disciplines
d. A project life cycle
e. Specific time, cost, and performance requirements.
2. What are some of the key environmental forces that have
changed the wayprojects are managed? What has been the
effect of these forces on the management of projects?
Some environmental forces that have changed the way we manage projects
are the product life cycle, knowledge growth, global competition,
organization downsizing,technology changes, time-to-market. The impact of
these forces is more projects perorganization, project teams responsible for
implementing projects, accountability, changing organization structures,
need for rapid completion of projects, linking projects to organization
strategy and customers, prioritizing projects to conserve organization
resources, alliances with external organizations, and so on.
3. Describe the four phases of the traditional project life cycle. Which
phase do youthink would be most the difficult one to complete?
