P300 - Operations Management Exam 2

The crash-cost per day (or other time unit) is calculated using which formula?

(CC - NC) / (NT - CT)

What are the steps in CPM?

Calculate the critical path, determine the sequence of activities, identify all the activities in the project

Which of the following goods would a continuous process be used?

Chemicals

Which of the following is not used in a break-even calculation?

Labor costs

Which layout uses a dedicated area where products that are similar in processing requirements are produced?

Manufacturing cell

The types of project organization structures

Functional, pure, matrix

Matrix project

- Duplication of resources is minimized - A project manager leads personnel from different functional areas - A team member reports to two bosses

Pure project

- Personnel work on a dedicated project team - Team pride, motivation, and commitment are high

Functional project

- Team members can work on several projects - The project is housed within a functional division of the firm

The critical path is

The longest chain of activities in a project

Firms that combine a number of preassembled modules to meet customer's specification are called

assemble-to-order

There are ______ dimensions depicted on a product-process matrix.

2

When calculating the probability of project completion, you use the sum of variances of ______ in the denominator

Activities of the critical path

What is a term used to refer to pieces of work that consume time?

Activity

Gantt charts show which of the following?

Amount of time and sequence of activities

Which production management tools are used in planning and designing manufacturing process flow?

Assembly charts, route sheets, process flow charts

Which of the following type of work flow is appropriate when production volume is high?

Assembly line

Which of the following is not a step required to make a good?

Decoupling

A schedule that lists all activities by their early start times is an

Early start schedule

Which technique combines measures of scope, schedule and cost for evaluating project progress?

Earned value management

When a project is housed within a functional division, such as manufacturing, it is called a ______ project

Functional

Activities that need to be completed before an activity are referred to as

Immediate predecessors

The costs associated with sustaining a project are referred to as

Indirect costs

When calculating the slack time of an activity, it is the difference between an activity's

Late start and early start times

What feature in project management information systems can be used to resolve overallocation of project resources?

Leveling

The issue of balancing the level of finished inventory against the level of service to the customer occurs in which type of firm?

Make-to-stock

Which type of firm invests in lean manufacturing programs in order to improve customer service levels for a given inventory investment?

Make-to-stock

Which organizational structure blends properties of functional and pure strategies?

Matrix

When calculating the critical path for a three time estimate project, you use the weighted average of ____, _____, and ______ as the activity duration time

Minimum time, most likely time, maximum time

What are resources considered in project management?

People, materials, equipment

What are motivations for using a late start schedule?

Postponing the purchase of materials, postponing costs until necessary, postponing use of labor

What was the first major project management information system that is now commonly used for managing very large projects?

Primavera Project Planner

What are the major project categories?

Product change, research and development, process change

What is defined as a series of jobs usually directed toward some major output and requires a significant period of time to perform?

Project

When breaking down a project, what term is used to describe these subdivisions?

Tasks and subtasks

Carrying finished goods inventory is more expensive than carrying raw material inventory.

True

The customer order decoupling point is where inventory is positioned in the supply chain

True

The first step in analyzing any production system is to map the flow and operations.

True

What is the term for a group of project activities that are assigned to a single organizational unit?

Work package

What term describes the group of activities assigned to a single organizational unit?

Work package

What term best describes the written description of the objectives to be achieved in a project?

Statement of work

Rank the following terms in regards to a project from the highest level down to the lowest: program, subtask, project, task, work package

1. program 2. project 3. task 4. subtask 5. work package

Activity D will take 3 weeks to complete and has two predecessors, B and C. Activity B has an early finish time of 12 weeks. Activity C has an early finish of 10 weeks. What is the early start time of Activity D?

12

When calculating the expected completion time for an activity using the formula based on the beta statistical distribution, the most likely time is weighted _____ times more than the optimistic and pessimistic times

4

A specific even that should be reached at a certain point in time are often referred to as?

Project milestone

A project where all members of the team work on the project full time is an example of which project organizational structure?

Pure

Identify the three main forms of project

Pure, functional, matrix

The extension of the critical path model that considers trade-offs between activity times and costs is often referred to as

Time-cost models