Project Management: Processes



Book Title:  Project Management: Processes, Methodologies and Economics
Authors:  Avraham Shtub and Moshe Rosenwein
Publisher: Pearson
List Price: $226.65
Format: Soft Cover, 706 Pages
Publication Date: 2017
ISBN: 978-0-13-447866-1
Reviewer: Gauranga Deka, PMP, PMI-ACP, CSM
Review Date: November 2022



The book Project Management: Processes, Methodologies and Economics provides a comprehensive and integrated approach to the project management methodologies. The authors follow a practitioner path which combines theories with pragmatic approach of contemporary industry. In addition to conventional project management processes the book also includes economic consideration & probabilistic concept of making decisions under uncertainty.

Overview of Book’s Structure

The book is organized into 16 major sections, each one of them has several chapters. All the major sections have project descriptions, relevant discussion questions & exercises. Overall, the book contains the following sections:

  1. Introduction
  2. Process Approach to Project Management
  3. Engineering Economic Analysis
  4. Life-Cycle Costing
  5. Portfolio Management – Project Screening and Selection
  6. Multiple-Criteria Methods for evaluation and group decision making
  7. Scope and Organizational Structure of a project
  8. Management of Product, Process, and Support Design
  9. Project Scheduling
  10. Resource Management
  11. Project Budget
  12. Project Control
  13. Research and Development Project
  14. Computer Support for Project Management
  15. Project Termination
  16. New Frontiers in Teaching Project Management in MBA and Engineering Programs


The book Project Management: Processes, Methodologies and Economics talks about overall project management approach with a strong focus on the economic decision-making processes. The book followed a very methodical approach with relevant chapters, case studies, discussion questions & exercises after every section. The book explains the Laws of Project Management in a pragmatic way. It speaks about the necessary skills required from a project manager to be successful. It briefly touched upon the primary functions of project management like planning, organizing, staffing, directing & motivating.  In addition to conventional project management approach this book also includes economic consideration as well as probabilistic approach of making decisions under uncertainty…


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How to cite this review: Deka, G. (2022).  Project Management: Processes, Methodologies and Economics, book review, PM World Journal, Vol. XI, Issue XII, December. Available online at https://pmworldlibrary.net/wp-content/uploads/2022/12/pmwj124-Dec202e-Gauranga-Project-Management-Processes-Methodologies-Economics-book-review.pdf

About the Reviewer

Gauranga Deka

Dallas-Fort Worth, Texas USA


Gauranga Deka, PMP, PMI-ACP, SAFe SPC4 is an IT Project Manager with expertise in building complex software solutions. Currently, he is a member of PMI Dallas Chapter. In the last 20+ years, he has been leading critical roles in the development of very large, complex, mission critical software products in the Banking/Financial Services Domain. He is well versed in Agile, Scaled Agile framework (SAFe) & Water fall models of software development.

Gauranga Deka received his B.S. in Mechanical Engineering from MANIT, Bhopal & Executive MBA from the Indian Institute of Management, Bangalore, India.

Email address:  G_deka@yahoo.com or https://www.linkedin.com/in/gaurangadeka

Editor’s note:  This book review was the result of a partnership between the PM World Journal and the PMI Dallas Chapter. Authors and publishers provide books to the PM World Journal; books are delivered to the PMI Dallas Chapter, where they are offered free to PMI members to review who agree to provide a review within 45 days; book reviews are published in the PM World Journal and PM World Library. 

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