Exam (elaborations)
solution manual for project management the managerial process 8th eric w larson clifford f gray
- Course
- Institution
- Book
solution_manual_for_project_management_the_managerial_process_8th_eric_w_larson__clifford_f._
[Show more]
Connected book
Book Title:
Author(s):
- Edition:
- ISBN:
- Edition:
More summaries for
-
Solution Manual for Project Management A Socio-Technical Approach 2024 Release By Erik Larson, Clifford Gray and Pinyarat Sirisomboonsuk, With All Appendix
-
Test Bank for Project Management A Socio-Technical Approach 2024 Release By Erik Larson, Clifford Gray and Pinyarat Sirisomboonsuk
-
Solution Manual for Project Management: The Managerial Process, 8th Edition By Erik Larson and Clifford Gray, Verified Chapters 1 - 16, Complete Newest Version
Seller
Follow
a_plus_work
Reviews received
Content preview
Project Management: The Managerial ProcessChapter 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
, Project Management: The Managerial Process
1. Why was it important to give players and staff a chance to explore London one
evening?
This will be a tough question for those not familiar with intense team sports. They will
not be aware of the importance coaches devote to eliminating distractions that can disrupt
team concentration and focus. Coach Carroll reportedly said, ―There was no avoiding the
fact that we were in a foreign country. Players and staff were curious and excited, so we
decided instead of denying it we would let them explore London‖.
2. What are one or two lessons you learned from this Snapshot?
Several lessons can be gleaned from this Snapshot:
High performance projects need to devote significant attention to providing a
work environment that supports high performance.
The importance of interjecting fun on intense projects.
The impact time zone changes can have on individual performance.
The attention to detail exhibited in the project.
The importance of managing the rhythm and pace of a group to accomplish
project objectives.
Sports fans will draw attention to coach Carroll driving the players to the stadium the day
before the game. This eliminated the distraction of not knowing what the field or locker
room would be like. It answered the question of what kind of shoes the players would be
wearing. Players like quarterback Russell Wilson like to form vivid, mental images of big
plays the night before a big game.
1.4 Ron Parker
1. Do you agree with Ron Parker’s statement: ―To be successful, you must also be willing
to run at problems/opportunities when everyone else is running away from them‖?
This is somewhat of a philosophical question. While not the only way to become
successful this is one path to success especially when other opportunities or advantages
are not available. Tackling tough projects is a great way to gain visibility and establish a
reputation. The flip side is that these projects are risky, and failure may damage one’s
reputation. Organizations that excel at project management recognize that these projects
often fail despite superior effort. They value experience and devote significant attention
to improving future project performance by articulating lessons learned from current
projects.
Copyright © 2021 McGraw-Hill. All rights reserved. No reproduction or distribution without the prior
written consent of McGraw-Hill.
4
The benefits of buying summaries with Stuvia:
Guaranteed quality through customer reviews
Stuvia customers have reviewed more than 700,000 summaries. This how you know that you are buying the best documents.
Quick and easy check-out
You can quickly pay through credit card or Stuvia-credit for the summaries. There is no membership needed.
Focus on what matters
Your fellow students write the study notes themselves, which is why the documents are always reliable and up-to-date. This ensures you quickly get to the core!
Frequently asked questions
What do I get when I buy this document?
You get a PDF, available immediately after your purchase. The purchased document is accessible anytime, anywhere and indefinitely through your profile.
Satisfaction guarantee: how does it work?
Our satisfaction guarantee ensures that you always find a study document that suits you well. You fill out a form, and our customer service team takes care of the rest.
Who am I buying these notes from?
Stuvia is a marketplace, so you are not buying this document from us, but from seller a_plus_work. Stuvia facilitates payment to the seller.
Will I be stuck with a subscription?
No, you only buy these notes for $11.49. You're not tied to anything after your purchase.
Can Stuvia be trusted?
4.6 stars on Google & Trustpilot (+1000 reviews)
73314 documents were sold in the last 30 days
Founded in 2010, the go-to place to buy study notes for 14 years now