Project Management Time and Cost Exercises

6/24/2017 University of Phoenix: Project Management: The Managerial Process

https://phoenix.vitalsource.com/#/books/1259822338/cﬁ/6/6!/4/4/4@0:0 1/5

Page iii

PRINTED BY: [email protected]. Printing is for personal, private use only . No part of this book may be

reproduced or transmitted without publisher's prior permission. Violators will be prosecuted. 6/24/2017 University of Phoenix: Project Management: The Managerial Process

https://phoenix.vitalsource.com/#/books/1259822338/cﬁ/6/6!/4/4/4@0:0 2/5

Page iv

PRINTED BY: [email protected]. Printing is for personal, private use only . No part of this book may be

reproduced or transmitted without publisher's prior permission. Violators will be prosecuted.

PR O JE C T M ANAGEM EN T: T H E M ANAGER IA L P R O CESS, S IX TH E D IT IO N

Publis h ed b y M cG ra w H ill E ducatio n, 2 P en n P la za, N ew Y ork , N Y 1 0121. C opyrig ht © 2 014 b y M cG ra w H ill E ducatio n.

A ll r ig hts r e se rv ed . P rin te d i n t h e U nite d S ta te s o f A m eric a. P re v io us E ditio n © 2 011 . N o p art o f t h is p ublic atio n m ay b e

re p ro duced o r d is tr ib ute d i n a n y f o rm o r b y a n y m ea n s, o r s to re d i n a d ata b ase o r r e tr ie v al s y ste m , w ith out t h e p rio r w ritte n

co nse n t o f M cG ra w H ill E ducatio n, i n clu din g, b ut n ot l im it e d t o , i n a n y n etw ork o r o th er e le ctr o nic s to ra g e o r t r a n sm is sio n,

or b ro ad cast f o r d is ta n ce l e arn in g.

S om e a n cilla rie s, i n clu din g e le ctr o nic a n d p rin t c o m po nen ts , m ay n ot b e a v aila b le t o c u sto m ers o uts id e t h e U nite d S ta te s.

T his b ook i s p rin te d o n a cid fre e p ap er.

1 2 3 4 5 6 7 8 9 0 Q VS/Q VS 1 0 9 8 7 6 5 4 3

I S B N 9 780 0 78 096594

M HID 0 0 78 096596

M an agin g D ir e cto r: D ougla s R ein er

S en io r B ra n d M an ager: T hom as H ayw ard

E xecu tiv e D ir e cto r o f D ev elo p m en t: A nn T o rb ert

S en io r D ev elo p m en t E dit o r: W anda Z em an

D ig it a l D ev elo p m en t E dit o r: M eg M alo ney, K evin S hanahan

D ir . o f D ig it a l C on te n t D ev elo p m en t: D oug R uby

S en io r M ark etin g M an ager: H ea th er K aza ko ff

C on te n t P ro d uctio n M an ager: F aye S ch illin g

C on te n t P ro je ct M an ager: H ea th er E rv o lin o

B uyer: N ic h ole B ir k en holz

M ed ia P ro je ct M an ager: S iv a ku m ar M unusw am y

Com posit o r: A pta ra ®, I n c.

T yp efa ce: 1 0.5 /1 2 T im es N ew R om an M T S td

P rin te r: Q uad/G ra phic s

A ll c re d it s a p pea rin g o n p age o r a t t h e e n d o f t h e b ook a re c o n sid ere d t o b e a n e x te n sio n o f t h e c o p yrig h t p age.

L ib ra ry o f C on gre ss C ata lo gin gin P ublic a tio n D ata

G ra y, C lif f o rd F .

P ro je ct m an ag em en t : t h e m an ag eria l p ro cess / E rik W . L ars o n, C lif f o rd F . G ra y.— Six th e d itio n.

p ag es c m

P re v io us e d itio ns p ublis h ed a s: P ro je ct m an ag em en t : t h e m an ag eria l

p ro cess / C lif f o rd F . G ra y, E rik W . L ars o n.

I S B N 9 780 0 78 096594 ( a lk . p ap er)

1 . P ro je ct m an ag em en t. 2 . T im e m an ag em en t. 3 . R is k m an ag em en t. I . L ars o n, E rik W ., 1 952

I I. T itle .

H D69.P 75G 72 2 014

6 58.4 '0 4— dc2 3

2013027472 6/24/2017 University of Phoenix: Project Management: The Managerial Process

https://phoenix.vitalsource.com/#/books/1259822338/cﬁ/6/6!/4/4/4@0:0 3/5

The I n te rn et a d dre sse s l is te d i n t h e t e x t w ere a ccu ra te a t t h e t im e o f p ublic atio n. T he i n clu sio n o f a w eb site d oes n ot i n dic ate

a n e n dors e m en t b y t h e a u th ors o r M cG ra w H ill E ducatio n, a n d M cG ra w H ill E ducatio n d oes n ot g uara n te e t h e a ccu ra cy o f

th e i n fo rm atio n p re se n te d a t t h ese s ite s.

w ww.m hhe.c o m 6/24/2017 University of Phoenix: Project Management: The Managerial Process

https://phoenix.vitalsource.com/#/books/1259822338/cﬁ/6/6!/4/4/4@0:0 4/5

Page v

PRINTED BY: [email protected]. Printing is for personal, private use only . No part of this book may be

reproduced or transmitted without publisher's prior permission. Violators will be prosecuted.

About the Authors

Erik W . L arso n

ERIK W. LARSON is professor of project management at the College of Business, Oregon State University . He

teaches executive, graduate, and under graduate courses on project management and leadership. His research and

consulting activities focus on project management. He has published numerous articles on matrix management,

product development, and project partnering. He has been honored with teaching awards from both the Oregon

State University MBA program and the University of Oregon Executive MBA program. He has been a member

of the Portland, Oregon, chapter of the Project Management Institute since 1984. In 1995 he worked as a

Fulbright scholar with faculty at the Krakow Academy of Economics on modern izing Polish business education.

He was a visiting professor at Chulalongkorn University in Bangkok, Thailand, and at BadenW uerttember g

Cooperative State University in Bad Mergentheim, Germany. He received a B.A. in psychology from Claremont

McKenna College and a Ph.D. in management from State University of New York at Buf falo. He is a certified

project management professional (PMP) and Scrum Master .

Clif fo rd F . G ra y

CLIFFORD F. GRA Y is professor emeritus of management at the College of Business, Oregon State University .

He continues to teach undergraduate and graduate project management courses overseas and in the United

States; he has personally taught more than 100 executive development seminars and workshops. His research

and consu lting interests have been divided equally between operations management and project management; he

has published numerous articles in these areas, plus a text on project management. He has also conducted

research with colleagues in the International Project Management Association. Cliff has been a member of the

Project Management Institute since 1976 and was one of the founders of the Portland, Oregon, chapter . He was a

visiting professor at Kasetsart University in Bangkok, Thailand, in 2005. He was the president of Project

Management International, Inc. (a traini ng and consulting firm specializing in project management) 1977–2005.

He received his B.A. in economics and management from Millikin University , M.B.A. from Indiana University ,

and doctorate in operations management from the College of Business, University of Oregon. He is certified

Scrum Master . 6/24/2017 University of Phoenix: Project Management: The Managerial Process

https://phoenix.vitalsource.com/#/books/1259822338/cﬁ/6/6!/4/4/4@0:0 5/5

Page vi

PRINTED BY: [email protected]. Printing is for personal, private use only . No part of this book may be

reproduced or transmitted without publisher's prior permission. Violators will be prosecuted.

“M an's m in d, o nce s tr e tc h ed b y a n ew id ea , n ever re g ain s

its o rig in al d im en sio ns.”

O liv er W en dell H olm es, J r.

T o m y f a m ily w ho h av e a lw ay s e n cir c le d m e w ith lo ve a n d

en co ura g em en t— my pare n ts (S am uel an d C harlo tte ), m y

wif e (M ary ), m y so ns a n d th eir w iv es (K ev in a n d D aw n,

R obert a n d S ally ) a n d th eir c h ild re n (R yan , C arly , C onnor

an d L au re n ).

C .F .G .

“W e m ust n ot cea se fr o m ex p lo ra tio n a nd th e en d o f a ll

e xp lo rin g w ill b e to a rriv e w here w e b eg in a nd to k n ow th e

pla ce f o r t h e f ir st t im e.”

T . S . E lio t

T o A nn w hose lo ve a n d s u ppo rt h as b ro ught o u t th e b est in

m e. A nd, to o u r g ir ls M ary , R ac h el, a n d T or T or f o r th e jo y

an d p rid e th ey g iv e m e. F in ally , to m y m use , N eil, fo r th e

fa ith a n d i n sp ir a tio n h e i n still s .

E .W .L