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SOLUTION MANUAL for Project Management: The Managerial Process 8th Edition by Erik W. Larson & Clifford F. Gray ALL CHAPTERS 1-16 WITH APPENDIX A-D| A+ PASS

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SOLUTION MANUAL for Project Management: The Managerial Process 8th Edition by Erik W. Larson & Clifford F. Gray ALL CHAPTERS 1-16 WITH APPENDIX A-D| A+ PASS Chapter Learning Objectives After read ... ing 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. [Show More]

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