Project Management Processes, Methodologies and Economics


Book Title:    Project Management: Processes, Methodologies, and Economics
Authors:  Avraham Shtub / Moshe Rosenwein
Publisher:  Pearson
List Price:   $244.05
Format:  Hard Cover, 706 pages
Publication Date: 2017      
ISBN: 978-0-13-447866-1
Reviewer: Manjit Aerry, PMP
Review Date: May 2017



The preface of this book itself is worth reading. In this third edition of the book, the authors have added the topic on Lean Project Management in Chapter 8. The authors have explained Lean Approach along with Lean Principles very well.

This edition has a good discussion on Simulation-based training and its significance. Besides, the importance of Project Team Builder (PTB) has also been clearly explained in Chapter 16 of this Book.

Overview of Book’s Structure

This is a very meaningful book well written by learned authors with vast experience. At the end of each chapter, there are discussion questions, exercises that can help the reader of the book figure out level of grasp attained on those chapters. Bibliography at the end of each chapter can be useful for those who want to dive deep – as it has references to related books written by other authors.

The characteristics of Effective Project Managers have been depicted in the form of a Pie Chart. This is really useful information that project managers can use to become successful project managers. The phases of a project (like Conceptual design, Advanced Development, Detailed design, Production and Termination) have been well presented as a function of time.

Overall, this is a great project management book that is generic in nature and thus can be beneficial to all the project managers irrespective of the type of industry they are involved with.


Chapter 4 of this book beautifully explains the definition of Life Cycle Cost (LLC) and tried to compare the LLC of a project with LLC of a product.

Chapter 5 of this book is a very useful chapter as it talks about dynamics of project selection. Various techniques (e.g. Checklist and Scoring Models, Cost-Benefit Analysis, risk-benefit analysis) used in project selection are discussed in depth in this chapter. The Decision tree concept and its benefits are well explained in this chapter.


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About the Reviewer

Manjit Aerry

Texas, USA


Manjit Aerry, PMP
has worked for Oracle Corporation as an IT Consultant for 14 Years. He has worked on various Oracle Financials Implementation projects during his career. Besides PMP, he is a Certified Public Accountant (CPA) as well.

Email address: [email protected]


Editor’s note:  This book review was the result of a partnership between the publisher, PM World and the PMI Dallas Chapter. Authors and publishers provide the books to PM World; books are delivered to the PMI Dallas Chapter, where they are offered free to PMI members to review; book reviews are published in the PM World Journal and PM World Library.  PMI Dallas Chapter members can keep the books as well as claim PDUs for PMP recertification when their reviews are published.  Chapter members are generally mid-career professionals, the audience for most project management books. 

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