Project Management: The Managerial Process, 8th Edition Solution Manual By Erik Larson and Clifford Gray, Verified Chapters 1 - 16, Complete Newest Version

Project Management: The Managerial Process
u u u u




Copyright © 2021 McGraw-Hill. All rights reserved. No reproduction or distribution without the
u u u u u u u u u u u u

prior written consent of McGraw-Hill.
u u u u u


1

, Project Management: The Managerial Process
u u u u




Copyright © 2021 McGraw-Hill. All rights reserved. No reproduction or distribution without the
u u u u u u u u u u u u

prior written consent of McGraw-Hill.
u u u u u


2

, Project Management: The Managerial Process u u u u




Chapter 1 u




Modern Project Management u u




Chapter Outline u




1. What Is a Project?
u u u




A. What a Project Is Not u u u u



B. Program versus Project u u



C. The Project Life Cycle
u u u




D. The Project Manager
u u




E. Being Part of a Project Team
u u u u u



2. Agile Project Management
u u




3. Current Drivers of Project Management
u u u u



A. Compression of the Product Life Cycle u u u u u




B. Knowledge Explosion u




C. Triple Bottom Line (Planet, People, Profit)
u u u u u




D. Increased Customer Focus u u




E. Small Projects Represent Big Problems
u u u u




4. Project Management Today: A Socio-Technical Approach
u u u u u




5. Summary
6. Text Overview
u



7. Key Terms
u




8. Review Questions u



9. Snapshot from Practice: Discussion Questions
u u u u




10. Exercises
11. Case 1.1: A Day in the Life—2019
u u u u u u




12. Case 1.2: The Hokies Lunch Group
u u u u u




Copyright © 2021 McGraw-Hill. All rights reserved. No reproduction or distribution without the
u u u u u u u u u u u u

prior written consent of McGraw-Hill. u u u u u


3

, Project Management: The Managerial Process u u u u




Chapter Learning Objectives
u u




After reading this chapter you should be able to:
u u u u u u u u




LO 1-1
u Understand why project management is crucial in today’s world. u u u u u u u u




LO 1-2
u Distinguish a project from routine operations. u u u u u




LO 1-3
u Identify the different stages of a project life cycle.
u u u u u u u u




LO 1-4
u Describe how Agile PM is different from traditional PM.
u u u u u u u u




LO 1-5
u Understand that managing projects involves balancing the technical and
u u u u u u u u


sociocultural dimensions of the project.
u u u u u




Review Questions u




1. Define a project. What are five characteristics which help differentiate projects
u u u u u u u u u u


from other functions carried out in the daily operations of the organization?
u u u u u u u u u u u u




A project is a complex, non-routine, one-time effort limited by time, budget, resource,
u u u u u u u u u u u u


and specifications. Differentiating characteristics of projects from routine, repetitive
u u u u u u u u u


daily work are below:
u u u u




a. A defined lifespan
u u


b. A well-defined objective
u u


c. Typically involves people from several disciplines u u u u u


d. A project life cycle
u u u


e. Specific time, cost, and performance requirements.
u u u u u




2. What are some of the key environmental forces that have changed the way
u u u u u u u u u u u u


projects are managed? What has been the effect of these forces on the
u u u u u u u u u u u u u


management of projects?
u u u




Some environmental forces that have changed the way we manage projects are the
u u u u u u u u u u u u


product life cycle, knowledge growth, global competition, organization downsizing,
u u u u u u u u u


technology changes, time-to-market. The impact of these forces is more projects per
u u u u u u u u u u u u


organization, project teams responsible for implementing projects, accountability,
u u u u u u u u


changing organization structures, need for rapid completion of projects, linking
u u u u u u u u u u


projects to organization strategy and customers, prioritizing projects to conserve
u u u u u u u u u u


organization resources, alliances with external organizations, and so on.
u u u u u u u u u




3. Describe the four phases of the traditional project life cycle. Which phase do you
u u u u u u u u u u u u u


think would be most the difficult one to complete?
u u u u u u u u u




Copyright © 2021 McGraw-Hill. All rights reserved. No reproduction or distribution without the
u u u u u u u u u u u u

prior written consent of McGraw-Hill. u u u u u


4