Adaptive Learning Assignment 6

Click and drag on elements in order The project management (PM) process has 4 phases. Place the phases in order with the first phase at the top.

1. The initiation phase. 2. The planning phase. 3. The execution phase. 4. The closure phase.

Select two objectives that might typically be accomplished during the planning phase (the second stage) of the project management process.

A Gantt chart is created or fine-tuned if one was started during the feasibility study. A meeting with project stakeholders is convened allowing these key players to review the Gantt chart and the project timeline.

Wesley has decided to implement a new business management system. What are three advantages of using a Software-as-a-Service (SaaS) solution?

A SaaS solution minimizes initial start-up costs They are updated by a third-party that has a major financial incentive in ensuring that the software is in compliance with the latest regulations Security concerns are minimized as the SaaS provider undoubtedly has greater resources and expertise in security management than most firms.

Select three examples of why inventory management is often critical to business success.

A grocery store must reduce prices and ultimately dispose of overripe fruit. An electronics retailer must mark down outdated smartphones. The lack of necessary inventory can bring production to a halt or cause lost sales and dissatisfied customers.

Business management systems need three major components in order to provide the services expected by today's managers. These include:

A predictive information system A database management system (DBMS) A decision-making information system

What is conducted in the process design step of business process management?

Activities are examined and divided into their individual components.

What is conducted in the process modeling step of business process management?

Analysts use flow-charts and other tools to depict workflow.

The technology and processes used to gain intelligent, usable information from applicable databases across the Internet is referred to as ___ .

Big data analytics

Drag and drop the correct response into the empty box. What business management system seeks to streamline an organization's activities to prevent backlogs and inefficiencies?

Business Process Management (BPM)

Match the term with its definition.

Business intelligence (BI): This uses data mining techniques combines and then adds data visualization tools so that managers can make faster, more informed, decisions. Data mining: This accesses external databases as well as data that the firm has collected itself (internal data). Predictive analytics: This uses algorithms to determine the most likely outcomes given a set of inputs. Visualization tools: These display information in a manner that make it easier for managers to assimilate or to see patterns.

Drag and drop the correct response into the empty box. The most efficient way to implement an effective business intelligence (BI) system is to:

Get buy-in from the users (typically first line employees, supervisors, and junior management).

When did human resources management (HRM) originate?

HR management has existed at least as long as recorded history.

Sara, an executive with McMurtry Management, has decided that her organization needs to update its business management system. What three questions should she consider prior to choosing a system?

How will the new system interact with existing systems? Is the change worth the expense and impact on employee morale? Where will the new system be housed?

Match the HR activity with the category of human resource management systems.

Human resources managers look ahead to determine the future workforce needs of the corporation. Recruiting and Hiring Software Whether the firm uses primarily hourly, salaried, or independent contractors; ensuring that these employees are paid correctly. Compensation Management Software Documenting employee performance and providing an equitable means of ranking performance. Employee Evaluation Software

Select two reasons why senior management should seek buy-in from stakeholders when implementing a new business intelligence (BI) system.

If users do not understand the process the BI software will unnecessarily waste an organization's resources. If users find the BI software too cumbersome to use it can lead senior management into making sub-optimal decisions.

Drag and drop the correct response into the empty box. Calculating re-ordering points and order quantity levels are key advantages of modern ___ .

Inventory Management Systems

Ayala has decided to implement a new business management system. What are two advantages of hosting on-premises?

It can be configured to meet the unique needs of the organization. Any changes deemed necessary can be implemented extremely quickly.

Jim, an HR director, does not want to change business management systems, even though it brings several advantages and falls within his department budget. What are two reasons why Jim might not want to make the change?

Jim believes changing to the new system will cause a decrease in productivity, at least in the short-term. Jim believes the change will create employee stress as they are required to adapt to a new system.

What is conducted in the process optimization step of business process management?

Managers adapt (modify) the process to enhance process performance.

What occurs during the process monitoring step of business process management?

Managers track the individual components of the process as well as the process as a whole so that the performance of the engine can be measured.

Human resources managers focus on which three of the following?

Managing employee grievances, absences, sick days, and paid-time-off days Recruiting, hiring, training, retaining, compensating, appraising, promoting, reassigning, and firing employees Scanning the environment to determine future HR needs

The doubling of the number of transistors on each chip that occurs roughly every 18 months means that computer capability, and the corresponding software, also improve rapidly. This phenomenon is called ___ Law .

Moore's

Advances in technology greatly impact the capabilities of business management systems. The doubling of the number of transistors on each chip that occurs roughly every 18 months reflects the speed of this technology advance. This phenomenon is called ___ .

Moore's Law

Drag and drop the correct response into the empty box. Computer chips double in computing power roughly every 18 months. This phenomenon is called:

Moore's Law

Emerson has decided to implement a new business management system. What are three advantages of choosing a cloud-based custom option such as a platform as a service (PaaS) or an infrastructure as a service (IaaS) system, over an on-premises option?

More secure from hackers Storage size can be quickly scaled to meet changing needs Reduces the need for a large IT staff

Drag and drop the correct response into the empty box. When implementing a new business management system, which option provides managers with the greatest degree of control?

On-Premises Option

Select three objectives that might typically be accomplished during the closure phase (the last stage) of the project management process.

Stakeholders discuss how closely the project met expectations. Managers document the lessons they learned during the project's execution. All associated contracts are ended.

Select three objectives that might typically be accomplished during the initiation phase (the first stage) of the project management process.

Stakeholders in the project are identified. A projected timeline for deliverables is developed. A statement of work or other working agreement is created.

Select three major data analytics software platforms.

Tableau by Salesforce Oracle Analytics Cloud SAP Analytics Cloud

What is conducted in the process execution step of business process management?

The business process execution language engine is run.

Select 3 common services provided by project management (PM) systems software.

Visual project depictions Document storage Permissions levels

The use of machinery to assist in employee management began during the late 19th century when time clocks with punch ___ were developed to track employee work hours.

cards

Drag and drop the correct response into the empty box. The last stage of the project management (PM) process, in which managers document the lessons they learned during the project's execution is the ___ phase.

closure

During the fourth stage of the project management (PM) process, the manager documents the lessons learned during the project's execution. This is called the ___ phase.

closure

To reduce security risks and to facilitate collaboration among the various stakeholders in the project, most project management (PM) systems are located on the ___.

cloud, internet, or web

Skyler, an executive, wants to implement a business management system that can be quickly scaled as he anticipates rapidly changing database storage needs. He likes his uniquely developed current system but wants increased security from hackers while decreasing his need for a large IT department. Skyler should choose a ___

custom Cloud-based solution (PaaS or IaaS)

Because sales are such a fundamental element of most businesses, all enterprise resource planning (ERP) systems include an integrated ___ relationship management system.

customer

To maximize a sale force's efficiency and effectiveness, managers use ___ relationship management systems.

customer

Drag and drop the correct response into the empty box. Salesforce remains one of the largest suppliers of ___ software solutions.

customer relationship management (CRM)

Drag and drop the correct response into the empty box. Nearly all BI software platforms have a(n) ___, that displays an overview of the data that is presented.

dashboard presentation

Drag and drop the correct response into the empty box. The process of gathering, storing, and searching relevant data is referred to as ___ .

data science

Drag and drop the correct response into the empty box. The 3 main components of a business management system include a decision-making information system, a predictive information system, and a ___.

database management system

Drag and drop the correct response into the empty box. Integrating database management systems (DBMS) with predictive analytics, to give managers a recommended course of action is the focus of ___

decision making management information systems

The first step in business process management examines business activities and breaks them down into their individual components. This is called the process ___ step.

design

When selecting an inventory management solution, two reasons managers should opt for a system that integrates easily with existing business management software are ___ and ___.

employees will be less anxious if they are somewhat familiar with the system already using a system that employees are used to will probably reduce training time

Kronos Workforce Ready, BambooHR, PerformancePro, and others, provide packages designed to meet the employee ___ needs of smaller firms.

evaluation

Many states require significant documentation of substandard performance prior to any employee demotion or dismissal, while an equitable means of ranking performance can serve as a strong motivator. For this reason, many managers use employee ___ software to efficiently meet these needs.

evaluation

Drag and drop the correct response into the empty box. The 3rd stage of the project management (PM) process, in which managers constantly monitor the progress of the project and the project's resources. is the ___ phase.

execution

During the third stage of the project management (PM) process, the manager constantly monitors the progress of the project and the project's resources. This is called the ___ phase.

execution

The third step in business process management provides managers with real-time (executable) decision making as well as the ability to play the "what-if" game by changing input variables (abstract) decision making. This is called the process ___ step.

execution

Drag and drop the correct response into the empty box. Because some tasks can be done concurrently while other tasks are dependent upon the completion of preceding tasks, Gantt charts are constructed using a __.

horizontal bar chart

During the first stage of the project management (PM) process, the manager outlines the requirements of the project, documents these requirements, and analyzes the costs of the project. This is called the ___ phase.

initiation

The software and processes that allow organizations to capitalize on the power of big data and predictive analytics is referred to as business ___ (BI).

intelligence

Providing estimates of how accurate the re-ordering point and order quantity levels forecast will be (confidence levels), based on historical trends are examples of the efficiencies associated with today's ___ management systems.

inventory

Universal Product Codes (UPC) and Radio Frequency Identification (RFID), combined with database management systems (DBMS), have greatly advanced the performance of ___ management systems.

inventory

Decision ___ management information systems provide managers with tools to assist them in using this data to make better choices.

making

Managers should opt for a system that integrates easily with existing business management software, and that will take the shortest training time for employees that need to provide sale's or usage quantity inputs when choosing an inventory ___ solution.

management

Today's employees expect to be able to go online and see a record of their compensation and make adjustments such as their tax withholding. Twenty years ago they would have planned to meet with their human resources department representative to make such changes. This is one example of how expectations change as advancements in business ___ systems occur.

management

In the second step in business process management, analysts use flow-charts and other tools to depict the workflow, the sequence of operations, and the decision points. This is called the process ___ step.

modeling

Jameson, a senior executive, wants significant control of his business management system so that he can implement changes to quickly adapt to the dynamic business environment. The system that would best meet these needs would be a ___ system.

on-premises option

Drag and drop the correct response into the empty box. The 2nd stage of the project management (PM) process, which involves meetings with project stakeholders is the ___ phase.

planning

During the second stage of the project management (PM) process, a Gantt chart is created, or fine-tuned if one was started during the feasibility study. This is called the ___ phase.

planning

Employee compensation software at major corporations is often included as part of its enterprise resource ___ (ERP) software suite.

planning

By allowing managers to automate business processes through modeling, analyzing, and improving efficiencies, business ___ management (BPM) systems streamline organizations' activities.

process

Human resources managers need sophisticated software to assist them in making accurate estimates of ___, hiring, and training requirements.

recruiting

The business management system seeks to manage a firm's interactions with customers using analytics and data analysis to identify the most valuable customers and target future customers is the customer ___ management system.

relationship

The strategic use of employees to allow organizations to operate efficiently and gain competitive advantage is referred to as human ___ management

resource

Hubspot CRM, Zoho CRM, and Freshsales CRM aim to meet the needs of ___ .

smaller businesses

The best way of implementing a new BI system is to make it as seamless as possible by using ___.

software with which the users (typically first line employees, supervisors, and junior management) are already familiar

Business intelligence (BI) and associated big data analytics has no value if it cannot be interpreted and presented effectively to decision makers. Because of this, one of the most important features of any BI system are its data ___ tools.

visualization

Along with their pay, HR managers often need to track employee hiring dates, marital status, number of dependents, cafeteria choices, and usage, in order to accurately manage their employees' ___ . For this reason, nearly all firms use a management system to ensure this is done correctly.

benefits packages

Drag and drop the correct response into the empty box. Many managers, particularly in smaller firms, use companies such as Zenefits and BenefitFocus to manage their employees' ___.

benefits systems

Drag and drop the correct response into the empty box. Because many managers must base decisions on nuanced information, modern ___ software provides not only the probable outcome, but also the degree of likelihood of the outcome.

business intelligence

Drag and drop the correct response into the empty box. Tracking the performance of employees will always be a critical component of management for this reason, most firms use ___.

Employee Evaluation Software

Drag and drop the correct response into the empty box. Payscale.com, Payfactors.com, and Salary.com are examples of sites that offer ___

Employee comp management solutions

Select three examples of the impact of advancements in business management systems on the expectations of users.

Employees expect to make changes to their tax withholding online. A manager expects to view changing sales projections from different stores from a computer in her office. Students expect to be able to view a syllabus, from any course, at any time from their phone.

Select 3 activities that typically fall under the purview of an HR manager.

Employment agreements Fraternization policies Dress policies

In the early 20th century, Henry ___ developed a horizontal bar chart that could be used to visualize a project schedule. Today, his chart is the most widely used tool in project management.

Gantt

Which of the following is a tool commonly used by project managers?

Gantt chart

Drag and drop the correct response into the empty box. Because the number of variables involved in calculating future workforce needs makes this determination highly complex, HR managers often rely on ___

Recruiting and Hiring Software

Select three common features of modern data visualization tools that accompany most business intelligence (BI) systems.

Search capabilities Scroll-over features Dashboard presentation

Drag and drop the correct response into the empty box. When implementing a new business management system, which option provides managers with lowest initial start-up expenses.

Software-as-a-Service (SaaS) Option

Match the term with its definition.

Data science: Gathering, storing, and searching relevant data. Data visualization: Conveying meaning from big data analytics to managers who need to make decisions based on this data. Big data analytics: The technology and processes used to gain intelligent, usable information from databases.

Inappropriate and inconsistent pay can demotivate the strongest workforce, for this reason, many firms use ___.

Compensation management software

Select three categories of HR management systems.

Compensation management software Employee evaluation software Employee benefits administration software

Match the following. Which is a project and which requires management but is not a project?

Constructing an office building: Is a project requiring the use of project management software Renting office space in the building: Requires management, but is not a project that would use project management software

Drag and drop the correct response into the empty box. Jose's business management system needs to meet very unique needs. He also has a very small IT department. Which business management system should Jose adopt?

Custom cloud-based Solution (PaaS or IaaS)

Which business management system typically begins by collecting customer information such as email, telephone, and social media data, and then combines this with information regarding the customer's buying habits, so that the management team can better anticipate customer desires?

Customer Relationship Management (CRM) System

Drag and drop the correct response into the empty box Smart managers understand that it is far less expensive to retain an existing customer than it is to acquire a new customer. This is the concept behind the use of which business management systems?

Customer Relationship Management (CRM) Systems

Select three methods businesses use to house a business management system.

Customized, cloud-based solution (PaaS or IaaS) SaaS solution On-premises custom solution

Match the data analytics software platform with its parent company.

Power BI: Microsoft Looker: Google Tableau: Salesforce

Drag and drop the correct response into the empty box. In the first step in business process management, analysts often "storyboard" the processes in an attempt to view the entire system prior to investigating each component. This is called:

Process Design

Drag and drop the correct response into the empty box. The 3rd step in business process management provides managers the ability to play the "what-if" game by changing input variables (abstract) decision making. This is the ___ step

Process Execution

Drag and drop the correct response into the empty box. The 2nd step of BPM involves the use of flow-charts and other tools to examine decision points and inputs. This step is called:

Process Modeling

Drag and drop the correct response into the empty box. In the fourth step in business process management, managers track the individual components of the process as well as the process as a whole so engine performance can be measured. This is the __ step.

Process Monitoring

Drag and drop the correct response into the empty box. By identifying potential slowdowns or savings opportunities, the last step of business process management, the ___ step allows managers to create a continually improving process.

Process Optimization

Drag and drop the correct response into the empty box. Jira and GanttPro are examples of what kind of software?

Project management (PM) system software

Select three popular inventory management systems.

QuickBooks Enterprise SAP Material Management (SAP MM) Oracle NetSuite

Select two technologies that advanced the efficiency of inventory management systems.

Radio Frequency Identification (RFID) Universal Product Codes (UPC)