SOLUTION MANUAL ii
Project Management, The Managerial Process,
ii ii ii ii
8th Edition by Erik W. Larson, Clifford F. Gray
ii ii ii ii ii ii ii ii
All Chapters 1 - 16
ii ii ii ii
,TABLE OF CONTENTS ii ii
Ch. 1 Modern Project Management
ii ii ii ii
Ch. 2 Organization Strategy and Project Selection
ii ii ii ii ii ii
Ch. 3 Organization: Structure and Culture
ii ii ii ii ii
Ch. 4 Defining the Project
ii ii ii ii
Ch. 5 Estimating Project Times and Costs
ii ii ii ii ii ii
Ch. 6 Developing a Project Schedule
ii ii ii ii ii
Ch. 7 Managing Risk
ii ii ii
Ch. 8 Scheduling Resources and Costs
ii ii ii ii ii
Ch. 9 Reducing Project Duration
ii ii ii ii
Ch. 10 Being an Effective Project Manager
ii ii ii ii ii ii
Ch. 11 Managing Project Teams
ii ii ii ii
Ch. 12 Outsourcing: Managing Interorganizational
ii ii ii ii
Relations
ii
Ch. 13 Progress and Performance Measurement and
ii ii ii ii ii ii
Evaluation
ii
Ch. 14 Project Closure
ii ii ii
Ch. 15 Agile Project Management
ii ii ii ii
Ch. 16 International Projects
ii ii ii
, Chapter 1 ii
Modern Project Management
ii ii
Chapter Outline
ii
1. What iiIs iia iiProject?
A. What iia iiProject iiIs iiNot
B. Program iiversus iiProject
C. The iiProject iiLife iiCycle
D. The iiProject iiManager
E. Being iiPart iiof iia iiProject iiTeam
2. Agile iiProject iiManagement
3. Current iiDrivers iiof iiProject iiManagement
A. Compression iiof iithe iiProduct iiLife iiCycle
B. Knowledge iiExplosion
C. Triple iiBottom iiLine ii(Planet, iiPeople, iiProfit)
D. Increased iiCustomer iiFocus
E. Small iiProjects iiRepresent iiBig iiProblems
4. Project iiManagement iiToday: iiA iiSocio-Technical iiApproach
5. Summary
6. Text iiOverview
7. Key iiTerms
8. Review iiQuestions
9. Snapshot iifrom iiPractice: iiDiscussion iiQuestions
10. Exercises
11. Case ii1.1: iiA iiDay iiin iithe iiLife—2019
12. Case ii1.2: iiThe iiHokies iiLunch iiGroup
, Chapter Learning Objectives
ii ii
After iireading iithis iichapter iiyou iishould iibe iiable iito:
LO ii1-1 Understand iiwhy iiproject iimanagement iiis iicrucial iiin iitoday’s
iiworld.
LO ii1-2 Distinguish iia iiproject iifrom iiroutine iioperations.
LO ii1-3 Identify iithe iidifferent iistages iiof iia iiproject iilife iicycle.
LO ii1-4 Describe iihow iiAgile iiPM iiis iidifferent iifrom iitraditional iiPM.
LO ii1-5 Understand iithat iimanaging iiprojects iiinvolves iibalancing iithe
iitechnical iiandisociocultural iidimensions iiof iithe iiproject.
Review Questions
ii
1. Define iia iiproject. iiWhat iiare iifive iicharacteristics iiwhich iihelp iidifferentiate
iiprojectsifrom iiother iifunctions iicarried iiout iiin iithe iidaily iioperations iiof
iithe iiorganization?
A iiproject iiis iia iicomplex, iinon-routine, iione-time iieffort iilimited iiby iitime,
iibudget, iiresource,iand iispecifications. iiDifferentiating iicharacteristics iiof
iiprojects iifrom iiroutine, iirepetitive iidaily iiwork iiare iibelow:
a. A iidefined iilifespan
b. A iiwell-defined iiobjective
c. Typically iiinvolves iipeople iifrom iiseveral iidisciplines
d. A iiproject iilife iicycle
e. Specific iitime, iicost, iiand iiperformance iirequirements.
2. What iiare iisome iiof iithe iikey iienvironmental iiforces iithat iihave
iichanged iithe iiwayiprojects iiare iimanaged? iiWhat iihas iibeen iithe iieffect
iiof iithese iiforces iion iithe iimanagement iiof iiprojects?
Some iienvironmental iiforces iithat iihave iichanged iithe iiway iiwe iimanage
iiprojects iiare ii the iiproduct iilife iicycle, iiknowledge iigrowth, iiglobal
iicompetition, iiorganization iidownsizing,itechnology iichanges, iitime-to-
market. iiThe iiimpact iiof iithese iiforces iiis iimore iiprojects iiperiorganization,
iiproject iiteams iiresponsible iifor iiimplementing iiprojects, iiaccountability,
iichanging iiorganization iistructures, iineed iifor ii rapid iicompletion iiof iiprojects,
iilinking iiprojects iito iiorganization iistrategy iiand iicustomers, iiprioritizing
iiprojects iito iiconserve ii organization iiresources, ii alliances iiwith iiexternal
iiorganizations, ii and iiso iion.
Project Management, The Managerial Process,
ii ii ii ii
8th Edition by Erik W. Larson, Clifford F. Gray
ii ii ii ii ii ii ii ii
All Chapters 1 - 16
ii ii ii ii
,TABLE OF CONTENTS ii ii
Ch. 1 Modern Project Management
ii ii ii ii
Ch. 2 Organization Strategy and Project Selection
ii ii ii ii ii ii
Ch. 3 Organization: Structure and Culture
ii ii ii ii ii
Ch. 4 Defining the Project
ii ii ii ii
Ch. 5 Estimating Project Times and Costs
ii ii ii ii ii ii
Ch. 6 Developing a Project Schedule
ii ii ii ii ii
Ch. 7 Managing Risk
ii ii ii
Ch. 8 Scheduling Resources and Costs
ii ii ii ii ii
Ch. 9 Reducing Project Duration
ii ii ii ii
Ch. 10 Being an Effective Project Manager
ii ii ii ii ii ii
Ch. 11 Managing Project Teams
ii ii ii ii
Ch. 12 Outsourcing: Managing Interorganizational
ii ii ii ii
Relations
ii
Ch. 13 Progress and Performance Measurement and
ii ii ii ii ii ii
Evaluation
ii
Ch. 14 Project Closure
ii ii ii
Ch. 15 Agile Project Management
ii ii ii ii
Ch. 16 International Projects
ii ii ii
, Chapter 1 ii
Modern Project Management
ii ii
Chapter Outline
ii
1. What iiIs iia iiProject?
A. What iia iiProject iiIs iiNot
B. Program iiversus iiProject
C. The iiProject iiLife iiCycle
D. The iiProject iiManager
E. Being iiPart iiof iia iiProject iiTeam
2. Agile iiProject iiManagement
3. Current iiDrivers iiof iiProject iiManagement
A. Compression iiof iithe iiProduct iiLife iiCycle
B. Knowledge iiExplosion
C. Triple iiBottom iiLine ii(Planet, iiPeople, iiProfit)
D. Increased iiCustomer iiFocus
E. Small iiProjects iiRepresent iiBig iiProblems
4. Project iiManagement iiToday: iiA iiSocio-Technical iiApproach
5. Summary
6. Text iiOverview
7. Key iiTerms
8. Review iiQuestions
9. Snapshot iifrom iiPractice: iiDiscussion iiQuestions
10. Exercises
11. Case ii1.1: iiA iiDay iiin iithe iiLife—2019
12. Case ii1.2: iiThe iiHokies iiLunch iiGroup
, Chapter Learning Objectives
ii ii
After iireading iithis iichapter iiyou iishould iibe iiable iito:
LO ii1-1 Understand iiwhy iiproject iimanagement iiis iicrucial iiin iitoday’s
iiworld.
LO ii1-2 Distinguish iia iiproject iifrom iiroutine iioperations.
LO ii1-3 Identify iithe iidifferent iistages iiof iia iiproject iilife iicycle.
LO ii1-4 Describe iihow iiAgile iiPM iiis iidifferent iifrom iitraditional iiPM.
LO ii1-5 Understand iithat iimanaging iiprojects iiinvolves iibalancing iithe
iitechnical iiandisociocultural iidimensions iiof iithe iiproject.
Review Questions
ii
1. Define iia iiproject. iiWhat iiare iifive iicharacteristics iiwhich iihelp iidifferentiate
iiprojectsifrom iiother iifunctions iicarried iiout iiin iithe iidaily iioperations iiof
iithe iiorganization?
A iiproject iiis iia iicomplex, iinon-routine, iione-time iieffort iilimited iiby iitime,
iibudget, iiresource,iand iispecifications. iiDifferentiating iicharacteristics iiof
iiprojects iifrom iiroutine, iirepetitive iidaily iiwork iiare iibelow:
a. A iidefined iilifespan
b. A iiwell-defined iiobjective
c. Typically iiinvolves iipeople iifrom iiseveral iidisciplines
d. A iiproject iilife iicycle
e. Specific iitime, iicost, iiand iiperformance iirequirements.
2. What iiare iisome iiof iithe iikey iienvironmental iiforces iithat iihave
iichanged iithe iiwayiprojects iiare iimanaged? iiWhat iihas iibeen iithe iieffect
iiof iithese iiforces iion iithe iimanagement iiof iiprojects?
Some iienvironmental iiforces iithat iihave iichanged iithe iiway iiwe iimanage
iiprojects iiare ii the iiproduct iilife iicycle, iiknowledge iigrowth, iiglobal
iicompetition, iiorganization iidownsizing,itechnology iichanges, iitime-to-
market. iiThe iiimpact iiof iithese iiforces iiis iimore iiprojects iiperiorganization,
iiproject iiteams iiresponsible iifor iiimplementing iiprojects, iiaccountability,
iichanging iiorganization iistructures, iineed iifor ii rapid iicompletion iiof iiprojects,
iilinking iiprojects iito iiorganization iistrategy iiand iicustomers, iiprioritizing
iiprojects iito iiconserve ii organization iiresources, ii alliances iiwith iiexternal
iiorganizations, ii and iiso iion.
