Project Management: The Managerial Process (Mcgraw-hill Series Operations and Decision Sciences)
7th Edition
ISBN: 9781259666094
Author: Erik W. Larson, Clifford F. Gray
Publisher: McGraw-Hill Education
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Textbook Question
Chapter 1, Problem 1E
Review the front page of your local newspaper, and try to identify all the projects contained in the articles. How many were you able to find?
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How is project management used to govern the scope, time, and cost of a project?
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A project manager needs to understand the different costs that a project may incur. Making reference to a project of your choice, critically discuss the different types of project costs involved in the project.
Chapter 1 Solutions
Project Management: The Managerial Process (Mcgraw-hill Series Operations and Decision Sciences)
Ch. 1 - Define a project. What are five characteristics...Ch. 1 - What are some of the key environmental forces that...Ch. 1 - Why is the implementation of projects important to...Ch. 1 - The technical and sociocultural dimensions of...Ch. 1 - What is the impact of governance on managing an...Ch. 1 - Review the front page of your local newspaper, and...Ch. 1 - Individually, identify what you consider to be the...Ch. 1 - Individual, identify projects assigned in previous...Ch. 1 - How effectively do you think Rachel spent her day?Ch. 1 - What does the case tell you about what it is like...
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Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, management and related others by exploring similar questions and additional content below.Similar questions
- What can be done if an organization lacks the expertise to make a project feasible?arrow_forwardProject managers concentrate on the successful completion of a project but should maintain an awareness of why projects may fail. Enumerate and discuss several reasons why a project can fail.arrow_forwardexamine the factors that you consider influential in determining the success of a project. Your response should include relevant examplesarrow_forward
- what is the purpose of a project life cycle? Give an example to justify your answerarrow_forwardWhat is project management, and how is it used to control a project's scope, schedule, and cost?arrow_forwardSelect a project based on the definition "A project is a temporary endeavor undertaken to create a unique product, service, or result" What project have you selected? Explain. Provide reasons for selecting the project. What kind of organization or industry does your selected project belongs to? How does the project you selected fit the definition of a project? Is your selected project constrained by performance, cost, or schedule? Why or why not?arrow_forward
- Is it better to start a project from scratch or use a pre-existing model?arrow_forwardUsing an appropriate set of criteria, evaluate the projects by using the steps in the project selection process to outline how you would go about selecting the project. Include in your answer your final answer decision as to which of the projects you have chosen and provide justification.arrow_forwardDescribe how project management software may be used to help with project planning.Describe and clarify the situation, as asked.arrow_forward
- Consider a situation where the project manager and project sponsor have been working together putting out a newsletter about a major IT project for everyone that will be affected by the project, both during and after it is finished. They have been careful to ensure these stakeholders have been kept well-informed, on a regular basis, about why the project is important, how they will be affected, when training will take place, how the new system will be implemented, etc. Which one of the following best describes this change strategy?      Rational-empirical approach      Environmental-adaptive approach      Power-coercive approach      Normative–re-education approacharrow_forwardDescribe the many aspects to take into account when funding a project.Consider how project management software may be utilized to save costs.arrow_forwardDescribe the several factors that must be considered when deciding how to fund a certain project.It is vital to investigate the usage of project management software in order to reduce the total cost of the project.arrow_forward
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