Project Management: The Managerial Proces
bk bk bk bk
s
Copyright © 2021 McGraw-
bk bk bk
Hill. All rights reserved. No reproduction or distribution without the prior written consent of McG
bk bk bk bk bk bk bk bk bk bk bk bk bk bk
raw-Hill.
1
, Project Management: The Managerial Proces
bk bk bk bk
s
Copyright © 2021 McGraw-
bk bk bk
Hill. All rights reserved. No reproduction or distribution without the prior written consent of McG
bk bk bk bk bk bk bk bk bk bk bk bk bk bk
raw-Hill.
2
, Project Management: The Managerial Proces
bk bk bk bk
s
Chapter 1 bk
Modern Project Management bk bk
Chapter Outline bk
1. What Is a Project?
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A. What a Project Is Not bk bk bk bk
B. Program versus Project bk bk
C. The Project Life Cycle
bk bk bk
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 bk bk bk bk bk
B. Knowledge Explosion bk
C. Triple Bottom Line (Planet, People, Profit)
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D. Increased Customer Focus bk bk
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 bk
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
bk bk bk bk bk
Copyright © 2021 McGraw- bk bk bk
Hill. All rights reserved. No reproduction or distribution without the prior written consent of McG
bk bk bk bk bk bk bk bk bk bk bk bk bk bk
raw-Hill.
3
, Project Management: The Managerial Proces
bk bk bk bk
s
Chapter Learning Objectives bk bk
After reading this chapter you should be able to:
bk bk bk bk bk bk bk bk
LO 1-1
bk Understand why project management is crucial in today’s world.
bk bk bk bk bk bk bk bk
LO 1-2
bk Distinguish a project from routine operations. bk bk bk bk bk
LO 1-3
bk Identify the different stages of a project life cycle.
bk bk bk bk bk bk bk bk
LO 1-4
bk Describe how Agile PM is different from traditional PM.
bk bk bk bk bk bk bk bk
LO 1-5
bk
Understand that managing projects involves balancing the technica bk bk bk bk bk bk bk
l and sociocultural dimensions of the project.
bk bk bk bk bk bk
Review Questions bk
1. Define a project. What are five characteristics which help differentiate proje
bk bk bk bk bk bk bk bk bk bk
cts from other functions carried out in the daily operations of the organizat
bk bk bk bk bk bk bk bk bk bk bk bk
ion?
A project is a complex, non-routine, one-
bk bk bk bk bk bk
time effort limited by time, budget, resource, and specifications. Differentiating cha
bk bk bk bk bk bk bk bk bk bk
racteristics of projects from routine, repetitive daily work are below:
bk bk bk bk bk bk bk bk bk
a. A defined lifespan
bk bk
b. A well-defined objective
bk bk
c. Typically involves people from several disciplines
bk bk bk bk bk
d. A project life cycle
bk bk bk
e. Specific time, cost, and performance requirements.
bk bk bk bk bk
2. What are some of the key environmental forces that have changed the
bk bk bk bk bk bk bk bk bk bk bk bk
way projects are managed? What has been the effect of these forces on
bk bk bk bk bk bk bk bk bk bk bk bk b
the management of projects?
k bk bk bk
Some environmental forces that have changed the way we manage projects are the
bk bk bk bk bk bk bk bk bk bk bk bk bk
product life cycle, knowledge growth, global competition, organization downsizing,
bk bk bk bk bk bk bk bk bk
technology changes, time-to- bk bk
market. The impact of these forces is more projects per organization, project teams
bk bk bk bk bk bk bk bk bk bk bk bk bk
responsible for implementing projects, accountability, changing organization structu
bk bk bk bk bk bk bk
res, need for rapid completion of projects, linking projects to organization strategy
bk bk bk bk bk bk bk bk bk bk bk bk
and customers, prioritizing projects to conserve organization resources, alliances wi
bk bk bk bk bk bk bk bk bk
th external organizations, and so on.
bk bk bk bk bk
3. Describe the four phases of the traditional project life cycle. Which phase do
bk bk bk bk bk bk bk bk bk bk bk bk bk
Copyright © 2021 McGraw- bk bk bk
Hill. All rights reserved. No reproduction or distribution without the prior written consent of McG
bk bk bk bk bk bk bk bk bk bk bk bk bk bk
raw-Hill.
4
bk bk bk bk
s
Copyright © 2021 McGraw-
bk bk bk
Hill. All rights reserved. No reproduction or distribution without the prior written consent of McG
bk bk bk bk bk bk bk bk bk bk bk bk bk bk
raw-Hill.
1
, Project Management: The Managerial Proces
bk bk bk bk
s
Copyright © 2021 McGraw-
bk bk bk
Hill. All rights reserved. No reproduction or distribution without the prior written consent of McG
bk bk bk bk bk bk bk bk bk bk bk bk bk bk
raw-Hill.
2
, Project Management: The Managerial Proces
bk bk bk bk
s
Chapter 1 bk
Modern Project Management bk bk
Chapter Outline bk
1. What Is a Project?
bk bk bk
A. What a Project Is Not bk bk bk bk
B. Program versus Project bk bk
C. The Project Life Cycle
bk bk bk
D. The Project Manager
bk bk
E. Being Part of a Project Team
bk bk bk bk bk
2. Agile Project Management
bk bk
3. Current Drivers of Project Management
bk bk bk bk
A. Compression of the Product Life Cycle bk bk bk bk bk
B. Knowledge Explosion bk
C. Triple Bottom Line (Planet, People, Profit)
bk bk bk bk bk
D. Increased Customer Focus bk bk
E. Small Projects Represent Big Problems
bk bk bk bk
4. Project Management Today: A Socio-Technical Approach
bk bk bk bk bk
5. Summary
6. Text Overview
bk
7. Key Terms
bk
8. Review Questions bk
9. Snapshot from Practice: Discussion Questions
bk bk bk bk
10. Exercises
11. Case 1.1: A Day in the Life—2019
bk bk bk bk bk bk
12. Case 1.2: The Hokies Lunch Group
bk bk bk bk bk
Copyright © 2021 McGraw- bk bk bk
Hill. All rights reserved. No reproduction or distribution without the prior written consent of McG
bk bk bk bk bk bk bk bk bk bk bk bk bk bk
raw-Hill.
3
, Project Management: The Managerial Proces
bk bk bk bk
s
Chapter Learning Objectives bk bk
After reading this chapter you should be able to:
bk bk bk bk bk bk bk bk
LO 1-1
bk Understand why project management is crucial in today’s world.
bk bk bk bk bk bk bk bk
LO 1-2
bk Distinguish a project from routine operations. bk bk bk bk bk
LO 1-3
bk Identify the different stages of a project life cycle.
bk bk bk bk bk bk bk bk
LO 1-4
bk Describe how Agile PM is different from traditional PM.
bk bk bk bk bk bk bk bk
LO 1-5
bk
Understand that managing projects involves balancing the technica bk bk bk bk bk bk bk
l and sociocultural dimensions of the project.
bk bk bk bk bk bk
Review Questions bk
1. Define a project. What are five characteristics which help differentiate proje
bk bk bk bk bk bk bk bk bk bk
cts from other functions carried out in the daily operations of the organizat
bk bk bk bk bk bk bk bk bk bk bk bk
ion?
A project is a complex, non-routine, one-
bk bk bk bk bk bk
time effort limited by time, budget, resource, and specifications. Differentiating cha
bk bk bk bk bk bk bk bk bk bk
racteristics of projects from routine, repetitive daily work are below:
bk bk bk bk bk bk bk bk bk
a. A defined lifespan
bk bk
b. A well-defined objective
bk bk
c. Typically involves people from several disciplines
bk bk bk bk bk
d. A project life cycle
bk bk bk
e. Specific time, cost, and performance requirements.
bk bk bk bk bk
2. What are some of the key environmental forces that have changed the
bk bk bk bk bk bk bk bk bk bk bk bk
way projects are managed? What has been the effect of these forces on
bk bk bk bk bk bk bk bk bk bk bk bk b
the management of projects?
k bk bk bk
Some environmental forces that have changed the way we manage projects are the
bk bk bk bk bk bk bk bk bk bk bk bk bk
product life cycle, knowledge growth, global competition, organization downsizing,
bk bk bk bk bk bk bk bk bk
technology changes, time-to- bk bk
market. The impact of these forces is more projects per organization, project teams
bk bk bk bk bk bk bk bk bk bk bk bk bk
responsible for implementing projects, accountability, changing organization structu
bk bk bk bk bk bk bk
res, need for rapid completion of projects, linking projects to organization strategy
bk bk bk bk bk bk bk bk bk bk bk bk
and customers, prioritizing projects to conserve organization resources, alliances wi
bk bk bk bk bk bk bk bk bk
th external organizations, and so on.
bk bk bk bk bk
3. Describe the four phases of the traditional project life cycle. Which phase do
bk bk bk bk bk bk bk bk bk bk bk bk bk
Copyright © 2021 McGraw- bk bk bk
Hill. All rights reserved. No reproduction or distribution without the prior written consent of McG
bk bk bk bk bk bk bk bk bk bk bk bk bk bk
raw-Hill.
4
