SOLUTION MANUAL Project Management, The Managerial Process, 8th Edition by Erik W. Larson, Clifford F. Gray All Chapters 1 - 16
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Module
Project Management
Institution
Project Management
SOLUTION MANUAL
Project Management, The Managerial Process
8th Edition by Erik W. Larson, Clifford F. Gray
All Chapters 1 - 16
SOLUTION MANUAL
Project Management, The Managerial Process,
8th Edition by Erik W. Larson, Clifford F. Gray
All Chapters 1 - 16
SOLUTION MANUAL
Project Ma...
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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, Chapter Learning Objectives xx!! xx!!
After reading this chapter you should be able to:
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LO 1-1
xx!! Understand why project management is crucial in today’s world. xx!! xx!! x x !! xx!! xx!! xx!! xx!! xx!!
LO 1-2
xx!! Distinguish a project from routine operations. xx!! xx!! xx!! xx! xx!!
LO 1-3
xx!! Identify the different stages of a project life cycle. xx!! xx!! xx!! xx!! xx!! xx!! xx! ! xx!!
LO 1-4
xx!! Describe how Agile PM is different from traditional PM. xx!! xx!! xx!! xx!! xx!! xx!! xx!! xx!!
LO 1-5
xx!! Understand that managing projects involves balancing the technical xx!! xx!! xx!! xx!! xx!! xx!! xx!!
andsociocultural dimensions of the project.
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Review Questions xx!!
1. Define a project. What are five characteristics which help differentiate
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projectsfrom other functions carried out in the daily operations of the
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organization?
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A project is a complex, non-routine, one-time effort limited by time, budget,
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resource,and specifications. Differentiating characteristics of projects from routine,
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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 xx!! xx!! xx!! xx!! xx!!
d. A project life cycle
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e. Specific time, cost, and performance requirements. xx!! xx!! xx!! xx!! xx!!
2. What are some of the key environmental forces that have changed the
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wayprojects are managed? What has been the effect of these forces
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on the management of projects?
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Some environmental forces that have changed the way we manage projects are the
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product life cycle, knowledge growth, global competition, organization
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downsizing,technology changes, time-to-market. The impact of these forces is more
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projects perorganization, project teams responsible for implementing projects,
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accountability, changing organization structures, need for rapid completion of
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projects, linking projects to organization strategy and customers, prioritizing
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projects to conserve organization resources, alliances with external organizations,
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and so on.
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3. Describe the four phases of the traditional project life cycle. Which phase do
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youthink would be most the difficult one to complete?
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