Project Management In Practice, Sixth Edition Solution Manual

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1/The World of Project Management1-1Chapter 1The World of Project ManagementThis chapter introduces the topic of project management. Projects are defined as temporaryendeavors undertaken to create a unique product or service. The chapter points out thatrecent interest in project management is based on a recognition that many organizational tasksdo not fit neatly into business-as-usual. The significant differences between projectmanagement and general management are overviewed.The chapter points out that the twoprimary roles of the project manager are managing trade-offs among the three interrelatedproject objectives and managing risk.The three interrelated objectives of budget, schedule,and specifications are also introduced. In addition, two alternative project life cycles arepresented and the importance of understanding this distinction is discussed. Also included inthe chapteris a discussion of project selection including both non-numeric and numericselection methods. The chapter concludes with a discussion of the aggregate project plan andan overview of the organization of the remainder of the text.Cases and ReadingsSome cases appropriate to the subject of this chapter are:Harvard: 9-688-040 Boeing 767: From Concept to Production (A); 9-688-041 (B) 9-888-519Videotape.This 19 page best-selling case shows how a massive corporation manages theevolution of an enormously complex and risky project from conception to manufacture. The 1-page B case is a supplement update about whether Boeing needs to change the way theymanage such projects. The video shows the assembly process of an airplane, compressing 10weeks of work into ten minutes. Good introductory case to the idea oflarge-scale projects. An18 page teaching note is available for this case (9-689-027).Harvard: 9-396-311 BAE Automated System (A): Denver International Airport Baggage-Handling System.This 15-pagecase describes the difficult, continually-delayed Denver airportproject from the viewpoint of one of the contractors. Includes issues of budgeting, scheduling,planning, contracting, and other managerial aspects of this large project. There is also a (B)case, described in Chapter 7: Monitoring and Controlling the Project. A 32 page teaching note isavailable for this case (5-399-099).Harvard: 9-692-083 BMW: The 7-Series Project (A); 9-695-013 (B).This 20-page best-sellingcase describes the situation of a manufacturer with a high-quality product trying to selectamong two processes for producing its new model. The proposed project for initiating a newproduction process promises to eliminate start-up production problems and improve qualitybut may be less flexible for downstream product improvements. A 13 page teaching note isavailable for this case (5-692-094).

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