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

Project Management: The Managerial Proce
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Copyright © 2021 McGraw-
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Hill. All rights reserved. No reproduction or distribution without the prior written consent of
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@ McGraw-Hill.
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, Project Management: The Managerial Proce
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Chapter 1 x@




Modern Project Management x@ x@




Chapter Outline x@




1. What Is a Project?
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A. What a Project Is Notx@ x@ x@ x@



B. Program versus Project x@ x@



C. The Project Life Cycle
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D. The Project Manager
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E. Being Part of a Project Team
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2. Agile Project Management
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3. Current Drivers of Project Management
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A. Compression of the Product Life Cycle x@ x@ x@ x@ x@




B. Knowledge Explosion x@



C. Triple Bottom Line (Planet, People, Profit)
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D. Increased Customer Focus x@ x@



E. Small Projects Represent Big Problems
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4. Project Management Today: A Socio-Technical Approach
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5. Summary
6. Text Overview
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7. Key Terms
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8. Review Questions x@



9. Snapshot from Practice: Discussion Questions
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10. Exercises
11. Case 1.1: A Day in the Life—2019
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12. Case 1.2: The Hokies Lunch Group
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Copyright © 2021 McGraw- x@ x@ x@

Hill. All rights reserved. No reproduction or distribution without the prior written consent of
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McGraw-Hill. @

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, Project Management: The Managerial Proce
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Chapter Learning Objectives x@ x@




After reading this chapter you should be able to:
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LO 1-1
x@ Understand why project management is crucial in today’s world.
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LO 1-2
x@ Distinguish a project from routine operations.
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LO 1-3
x@ Identify the different stages of a project life cycle.
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LO 1-4
x@ Describe how Agile PM is different from traditional PM.
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LO 1-5
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Understand that managing projects involves balancing the techni
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cal and sociocultural dimensions of the project.
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Review Questions x@




1. Define a project. What are five characteristics which help differentiate pro
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jects from other functions carried out in the daily operations of the orga
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nization?

A project is a complex, non-routine, one-
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time effort limited by time, budget, resource, and specifications. Differentiating
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characteristics of projects from routine, repetitive daily work are below:
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a. A defined lifespan
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b. A well-defined objective
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c. Typically involves people from several disciplines
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d. A project life cycle
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e. Specific time, cost, and performance requirements.
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2. What are some of the key environmental forces that have changed th
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e way projects are managed? What has been the effect of these force
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s on the management of projects?
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Some environmental forces that have changed the way we manage projects are
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@the product life cycle, knowledge growth, global competition, organization dow
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nsizing, technology changes, time-to-
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market. The impact of these forces is more projects per organization, project tea
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ms responsible for implementing projects, accountability, changing organization
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structures, need for rapid completion of projects, linking projects to organizatio
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n strategy and customers, prioritizing projects to conserve organization resource
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s, alliances with external organizations, and so on.
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3. Describe the four phases of the traditional project life cycle. Which phase
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Copyright © 2021 McGraw- x@ x@ x@

Hill. All rights reserved. No reproduction or distribution without the prior written consent of
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McGraw-Hill. @

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, Project Management: The Managerial Proce
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ss
do you think would be most the difficult one to complete?
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Copyright © 2021 McGraw- x@ x@ x@

Hill. All rights reserved. No reproduction or distribution without the prior written consent of
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McGraw-Hill.@

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