SOLUTION MANUAL
Project Management, The Managerial Process,
8th Edition by Erik W. Larson, Clifford F. Gray
All Chapters 1 - 16
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Ch. 1 Modern Project Management
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Ch. 2 Organization Strategy and Project Selection
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Ch. 3 Organization: Structure and Culture
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Ch. 4 Defining the Project
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Ch. 5 Estimating Project Times and Costs
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Ch. 6 Developing a Project Schedule
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Ch. 7 Managing Risk
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Ch. 8 Scheduling Resources and Costs
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Ch. 9 Reducing Project Duration
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Ch. 10 Being an Effective Project Manager
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Ch. 11 Managing Project Teams
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Ch. 12 Outsourcing: Managing Interorganizational Relations
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Ch. 13 Progress and Performance Measurement and Evaluation
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Ch. 14 Project Closure
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Ch. 15 Agile Project Management
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Ch. 16 International Projects
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, Chapter 1 QY
Modern Project Management QY QY
Chapter Outline QY
1. What Is a Project?
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A. What a Project Is Not QY QY QY QY
B. Program versus Project QY QY
C. The Project Life Cycle QY QY QY
D. The Project Manager QY QY
E. Being Part of a Project Team QY QY QY QY QY
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 QY QY QY QY QY
B. Knowledge Explosion QY
C. Triple Bottom Line (Planet, People, Profit)
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D. Increased Customer Focus QY QY
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 QY
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 QY QY
After reading this chapter you should be able to:
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LO 1-1
QY Understand why project management is crucial in today’s world. QY QY QY QY QY QY QY QY
LO 1-2
QY Distinguish a project from routine operations. QY QY QY QY QY
LO 1-3
QY Identify the different stages of a project life cycle.
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LO 1-4
QY Describe how Agile PM is different from traditional PM. QY QY QY QY QY QY QY QY
LO 1-5
QY Understand that managing projects involves balancing the technical andsocio QY QY QY QY QY QY QY QY Q
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cultural dimensions of the project. QY QY QY QY
Review Questions QY
1. Define a project. What are five characteristics which help differentiate projectsfr
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om other functions carried out in the daily operations of the organization?
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A project is a complex, non-routine, one-
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time effort limited by time, budget, resource,and specifications. Differentiating characteri
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stics of projects from routine, 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
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d. A project life cycle
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e. Specific time, cost, and performance requirements.
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2. What are some of the key environmental forces that have changed the wayp
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rojects are managed? What has been the effect of these forces on the mana
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gement of projects? QY QY
Some environmental forces that have changed the way we manage projects are the pro
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duct life cycle, knowledge growth, global competition, organization downsizing,technol
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ogy changes, time-to-
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market. The impact of these forces is more projects perorganization, project teams resp
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onsible for implementing projects, accountability, changing organization structures, nee
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d for rapid completion of projects, linking projects to organization strategy and custom
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ers, prioritizing projects to conserve organization resources, alliances with external orga
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nizations, and so on. QY QY QY
3. Describe the four phases of the traditional project life cycle. Which phase do yout
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hink would be most the difficult one to complete?
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