Operations Management
17th Edition
ISBN: 9781259142208
Author: CACHON, Gérard, Terwiesch, Christian
Publisher: Mcgraw-hill Education,
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Textbook Question
Chapter 19, Problem 15CQ
The key objectives of a project are given by
- a. time, scope, and budget.
- b. cost, quality, and location.
- c. customers, suppliers, and employees.
- d. efficiency, effectiveness, and success.
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Students have asked these similar questions
(12) Cost budgeting can be best described by which of the following?
A The process of developing the future trends along with the assessment of proba
bilities, uncertainties, and inflation that could occur during the project
B.
The process of assembling and predicting costs of a project over its life cycle
C. The process of establishing budgets, standards, and a monitoring system by whi
ch the investment cost of the project can be measured and managed
D. The process of gathering, accumulating, analyzing, reporting, and managing the
costs on an on-going basis
(13) The process of monitoring the status of the project to update the project costs and
managing changes to the cost baseline is called
A Determine Budget
B. Control Costs C. Estimate Costs
D. Plan Cost Manag
ement
(14) Cost Variance (CV) is which of the following equations?
A CV = EV - PV
B. CV = EV - AC
C. CV = EV / AC
D. A and c
(15) To assist in budget control, it is suggested that an estimate be created at the
level of the…
When a project manager must reduce the duration and time on a project, removing deliverables from what was originally planned would be an example of.
A. Fast tracking
B. Reducing the project scope
C. Using critical chain project management
D. Compromising quality
You are managing a large construction project that’s been broken down intosub-projects (or phases). Each of these sub-projects is scheduled to takebetween three and six months to complete. At the end of each sub-project,you plan to go through the closing processes and document lessons learned.Which of the following BEST describes what you must do at the beginning ofeach sub-project or phase?A. Develop the preliminary scope statement for the phaseB. Make sure you don’t involve the team, to avoid introducing too much projectmanagement overheadC. Use the Earned Value Technique to decide whether or not to finish the projectD. Release all resources from the project and contact sellers to renegotiate allcontracts
Chapter 19 Solutions
Operations Management
Ch. 19 - A project has four activities that take 4, 3, 6,...Ch. 19 - Consider the simple dependency matrix shown in...Ch. 19 - Consider a project with two activities that are...Ch. 19 - Prob. 4CQCh. 19 - Prob. 5CQCh. 19 - Prob. 6CQCh. 19 - Prob. 7CQCh. 19 - Prob. 8CQCh. 19 - Prob. 9CQCh. 19 - Prob. 10CQ
Ch. 19 - Consider two projects that have the same...Ch. 19 - Prob. 12CQCh. 19 - Prob. 13CQCh. 19 - Prob. 14CQCh. 19 - The key objectives of a project are given by a....Ch. 19 - Which of the following descriptions best captures...Ch. 19 - Prob. 1PACh. 19 - Prob. 2PACh. 19 - Prob. 3PACh. 19 - Prob. 4PACh. 19 - A project activity has an earliest completion time...Ch. 19 - What is the definition of the latest completion...Ch. 19 - Which of the following statements is correct with...Ch. 19 - A project consists of three tasks: A, B, and C....Ch. 19 - Prob. 9PACh. 19 - Prob. 10PACh. 19 - You manage a project with 10 activities....Ch. 19 - Which of the following activities is not part of...Ch. 19 - You have been asked by the CEO of your company to...Ch. 19 - BUILDING A HOUSE IN THREE HOURS Habitat for...Ch. 19 - BUILDING A HOUSE IN THREE HOURS Habitat for...
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Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, operations-management and related others by exploring similar questions and additional content below.Similar questions
- The ideal outcome of the planning process group is to complete a project successfully by delivering the agreed-upon project scope within time, cost, and quality constraints Select one: True False Initiating involves developing a project charter, which is part of the project ______ management knowledge area. Select one: a. scope b. risk c. communications d. integration Estimate activity resources output Select one: a. Activity list, activity attributes, milestone list, project management plan updates b. Project schedule network diagrams, project documents updates c. Activity resource requirements, resource breakdown structure, project documents updates d. Schedule management plan As time progresses, the scope of a project should become ... Select one: a. more clear and specific b. more vague c. more ambiguous d. more difficultarrow_forwardproject results should be monitored, evaluated and reviewed for improvement purposes. To that end and according to the UNE 66178 standard, the following data should be assessed: a. the impact of the results on the organization b. the efficiancy of the improvement process c. objectives and deadlines d. all options are correctarrow_forwardReturn on Investment refers to the time it takes for the organization to recover its investment in the project before it starts accumulating profit. Select one: a. False O b. Truearrow_forward
- Identify the order in which a Project manager does his job a. Planning, Organizing, Controlling b. Planning, Scheduling, Controlling c. Planning, Leading, Controllingarrow_forwardConstraints are those factors that can limit a project. Which of the following are considered constraints (choose all that apply)? a. Quality b. Strategic Plan c. Risks d. Requirements e. People and Materials f. Project Management Information Systemarrow_forward1. Relate the project management lifecycle to the application development of a house cleaning service. 2. Identify and develop a PowerPoint presentation on what happens at each phase of the project management lifecycle of application development of a house cleaning service. 3. Ensure you cover the ket aspects such as: i.Initiating process ii. Planing process iii. Executing process iv. Monitoring and controlling process v. Closing processarrow_forward
- Which of the ten knowledge areas defined in the Project Management Body of Knowledge includes the processes required to ensure that the project includes all the work required, and only the work required, to complete the project successfully?a. Quality Managementb. Stakeholder Managementc. Communications Managementd. Scope managementarrow_forwardWhile prioritizing projects, projects are reconsidered in terms of their benefits first and then a. Resource Cost b. Efficiency Cost c. Labor Cost d. Quality Costarrow_forwardReasons why estimating time and cost are important include all of the following EXCEPT a. to schedule work b.to determine how long the project should take and cost c. to develop cash flow needs d. to determine how well the project is progressing e. to help establish a project selection processarrow_forward
- A project manager states that he is involved in monitoring and controlling project costs for the project that he is working on. What is the project manager actually doing? Select one: a. The project manager is measuring actual cost performance against the cost plan and baseline b. The project manager is costing the WBS packages c. The project manager is effecting changes to the project cost baseline d. The project manager is developing a comprehensive budget for the projectarrow_forwardThe management and oversight of scope modifications within the project has an impact on the deliverables that are generated as a result. Provide suggestions on how to decrease the frequency of requests for changes to a project's scope as well as a discussion of the change control procedure.arrow_forwardb) Explain your approach to improve project delivery with the adoption of project ‘operational planning’. c) Explain your approach to using project product breakdown structure as opposed to work breakdown structure on a project you have been tasked to perform.arrow_forward
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