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OPMA 317 QUESTIONS WITH VERIFIED ANSWERS

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OPMA 317 QUESTIONS WITH VERIFIED ANSWERS

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OPMA 317 QUESTIONS WITH VERIFIED ANSWERS


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1 of 103

Term



Advantages of AI in project management



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top 15% and represent 70-80% dollar usage - management involvement required
Collaboration relationship
Sophistication of forecasting models
Physical inventory control
Frequent count inventory




better selection and priority
PMO analytics and monitor automation
faster project definition, planning, and real-time reporting
virtual project assistants
advanced testing or systems and software integration

, Traditional
Progress flows steadily down phases
projected implemented at the end when completely finished
low uncertainty as requirements are known
Scope time budget focus



-Subcontract
-add or sell equipment
-add or reduce shifts
-build of use inventory
-more and improved training
-add or reduce personnel


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2 of 103

Term



What is backflushing



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Allow project managment to allocate Latest start - earliest start = forward
resources best pass
Calculate completion dates and time Latest finish - earliest finish =
for all activities backward pass




Record product was completed Pressing a button to indicate when
in software item is taken - periodic
-all required components are Button tied to software to maintian on
automatically reduced hand inventory quantity - continuos

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3 of 103

Definition



Flow of materials differ depending on customer order or requirement
Design process layout that can be carried out by transportation cost
estimates or by qualitative criteria



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Project management time
Process Layout Design
Agile




Proactive Strategy Process Layout


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4 of 103

Definition



Adds units together and capacity is bottleneck



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, Parallel stations doing the same
PERT task 3 required estimates
tasks


Triple Bottom Line Project
Factors affecting capacity externally
performance


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5 of 103

Term



Capacity Strategies



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invest heavy or follow others Projects with uncertainty




Profit
Proactive strategy
People
Combination
Planet


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6 of 103

Definition



Move start time of tasks with slack
Increase capacity

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