After studying this chapter, you should be able to:

3.1: Describe the importance of projects to a firm and list the qualities that make a project a success.

3.2: Identify the stages of the typical life cycle of a project.

3.3: Explain how scope management techniques, statement-of-work documents, work breakdown structures, and risk management principles enable firms to conceptualize, plan, and organize projects.

3.4: Use analytical tools to calculate project schedules.

3.5: Identify the main supply chain activities of a project and the qualities that should be considered when designing the project’s supply chain.

3.6: Demonstrate how to execute, track, and terminate projects.

3.7: Identify the critical steps in planning for sustainability in projects.

3.8: Discuss issues related to global project management.