Solution Manual for Project Management: The
Managerial Process, 8th Edition By Erik Larson and
Clifford Gray, Verified Chapters 1 - 16,
, Project Management: The Managerial Process
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
Copyright © 2021 McGraw-Hill. All rights reserved. No reproduction or distribution without the prior
written consent of McGraw-Hill.
1
, Project Management: The Managerial Process
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 and
sociocultural dimensions of the project.
Review Questions
1. Define a project. What are five characteristics which help differentiate projects
from 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 way
projects 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 per
organization, 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 you
think would be most the difficult one to complete?
Copyright © 2021 McGraw-Hill. All rights reserved. No reproduction or distribution without the prior
written consent of McGraw-Hill.
2
, Project Management: The Managerial Process
1. Defining: Project specifications objectives are defined, and teams are formed with
major responsibilities assigned. Much of this is referred to as defining the Scope
of a project.
2. Planning: The creation of a comprehensive plan that includes schedules, budgets,
staffing and risk assessment.
3. Executing: Work begins, deliverables are produced, and progress is monitored.
4. Closing: Putting the project to bed includes customer delivery, post project review
or audit, and redeployment of project team.
problematic. Disagreements at the customer acceptance can lead to rework, tension
and in many cases litigation. Veteran project managers answer to this question would
be ―It all depends‖.
4. What kinds of projects is Agile PM best suited for and why?
R&D work, technological breakthroughs, and creative endeavors.
5. The technical and sociocultural dimensions of project management are two sides
to the same coin. Explain.
The technical and sociocultural dimensions of project management are two sides of
the same coin because successful project managers are skillful in both areas. The
point is successful project managers need to be very comfortable and skillful in both
areas.
Snapshot from Practice: Discussion Questions
1.1 The Project Management Institute
1. If you were a student interested in pursuing a career in project management how
important do you think being CAPM would be?
There is no data available on the value of the CAPM in the job market. Experts suggest at
a minimum it demonstrates a strong interest in project management and a good
understanding of the project management processes. Given the growing demand for
people to work on projects, the CAPM may just separate you from other applicants.
2. How valuable do you think being a certified PMP is?
Reliable data is hard to find. PMI reported that the median salary for a PMP is $108,200.
Non-certified project managers, on the other hand, showed a median income of $91,000.
According to a different survey, eighty percent of high-performing projects used PMP
certified project managers.
1.3 London Calling: Seattle Seahawks versus Oakland Raiders
Copyright © 2021 McGraw-Hill. All rights reserved. No reproduction or distribution without the prior
written consent of McGraw-Hill.
3
Managerial Process, 8th Edition By Erik Larson and
Clifford Gray, Verified Chapters 1 - 16,
, Project Management: The Managerial Process
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
Copyright © 2021 McGraw-Hill. All rights reserved. No reproduction or distribution without the prior
written consent of McGraw-Hill.
1
, Project Management: The Managerial Process
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 and
sociocultural dimensions of the project.
Review Questions
1. Define a project. What are five characteristics which help differentiate projects
from 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 way
projects 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 per
organization, 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 you
think would be most the difficult one to complete?
Copyright © 2021 McGraw-Hill. All rights reserved. No reproduction or distribution without the prior
written consent of McGraw-Hill.
2
, Project Management: The Managerial Process
1. Defining: Project specifications objectives are defined, and teams are formed with
major responsibilities assigned. Much of this is referred to as defining the Scope
of a project.
2. Planning: The creation of a comprehensive plan that includes schedules, budgets,
staffing and risk assessment.
3. Executing: Work begins, deliverables are produced, and progress is monitored.
4. Closing: Putting the project to bed includes customer delivery, post project review
or audit, and redeployment of project team.
problematic. Disagreements at the customer acceptance can lead to rework, tension
and in many cases litigation. Veteran project managers answer to this question would
be ―It all depends‖.
4. What kinds of projects is Agile PM best suited for and why?
R&D work, technological breakthroughs, and creative endeavors.
5. The technical and sociocultural dimensions of project management are two sides
to the same coin. Explain.
The technical and sociocultural dimensions of project management are two sides of
the same coin because successful project managers are skillful in both areas. The
point is successful project managers need to be very comfortable and skillful in both
areas.
Snapshot from Practice: Discussion Questions
1.1 The Project Management Institute
1. If you were a student interested in pursuing a career in project management how
important do you think being CAPM would be?
There is no data available on the value of the CAPM in the job market. Experts suggest at
a minimum it demonstrates a strong interest in project management and a good
understanding of the project management processes. Given the growing demand for
people to work on projects, the CAPM may just separate you from other applicants.
2. How valuable do you think being a certified PMP is?
Reliable data is hard to find. PMI reported that the median salary for a PMP is $108,200.
Non-certified project managers, on the other hand, showed a median income of $91,000.
According to a different survey, eighty percent of high-performing projects used PMP
certified project managers.
1.3 London Calling: Seattle Seahawks versus Oakland Raiders
Copyright © 2021 McGraw-Hill. All rights reserved. No reproduction or distribution without the prior
written consent of McGraw-Hill.
3
