This book presents the fundamental concepts of project management in a concise fashion with an emphasis on the difficult tradeoffs that must be made by project managers. The authors describe the basic analytical tools and project management methodologies and show how to apply these tools and methodologies to realistic problems. * Offers a unique balance of theory and practice, with emphasis on the uncertain, risky projects that managers have to manage in the real world. * Takes an analytical and applied approach. * Includes Excel templates for all models described in the book on an accompanying disk.

Ted Klastorin is the Burlington Northern/Burlington Resources Professor of Operations Management in the Department of Management Science (School of Business), Adjunct Professor in the Department of Health Services (School of Public Health and Community Medicine), and Adjunct Professor of Industrial Engineering (College of Engineering) at the University of Washington-Seattle. He holds a B.S. degree from Carnegie-Mellon University (1969) and a Ph.D. from the University of Texas at Austin (1973).

Professor Klastorin is a senior research fellow at the IC² Institute, the University of Texas-Austin. He previously taught at the Babcock Graduate School of Management,  Wake Forest University (Winston-Salem, North Carolina), as well as the University of Washington and the University of Texas. At the UW, he was the founding chair of the Management Science Department and a co-founder of the PEMM Program (Program in Engineering and Manufacturing Management)-a joint program of the College of Engineering and the School of Business.

Professor Klastorin's research interests include project management and supply chain management issues in manufacturing and service organizations. His current research projects include the study of uncertain disruptive events (e.g., strikes) on project planning and coordination issues in decentralized supply chains. His recent articles have appeared in IIE Transactions, Journal of Applied Psychology, Management Science and the Wisconsin Law Review.

Professor Klastorin has consulted with numerous organizations, including Boeing, Starbucks, Fluke Corp, and Microsoft (where he has assisted with the design of Microsoft Project).He is a member of INFORMS (Institute for Operations Research and the Management Sciences), IIE (Institute of Industrial Engineers), and POMS (Production and Operations Management Society), and serves on the editorial boards of Manufacturing &service Operations Management (M&SOM) and IIE Transactions.