SCM 300 final Exam Questions with Correct Answers (Grade A+)
Question 1: Project
Answer: unique undertaking where resources are organized to achieve an end goal or outcome
Question 2: Process
Answer: repeated and consistent level of output
Question 3: Steps of project Manage- ment
Answer: 1. Define the project 2. Establish project priorities 3. Work breakdown structure 4. Track Project
Progress
Question 4: Objectives
Answer: Desired high quality outcomes for the project
Question 5: Deliverables
Answer: Description of products or services that should be delivered by the end of the project
Question 6: Milestones
Answer: Specific events targeted as important to staying on track
Question 7: Scope Creep
Answer: a phenomenon where during the course of a project, the project team allows new goals and
deliverables
Question 8: Activity-on-node
Answer: network diagram convention in which nodes designate activities
Question 9: project path
Answer: a series of connected activities from the start to the finish of the project
Page 1
, Question 10: critical path
Answer: longest total duration
Question 11: slack
Answer: amount of time a path can be delayed without impacting project duration
Question 12: Crashing the project
Answer: act of finding a cost-ettective way to decrease the present length of the project
Question 13: Business process
Answer: documented series of activities that when completed properly aim to ettectively and eflciently turn
inputs into valuable products
Question 14: Cow Path Theory
Answer: Ettective does not mean Eflcient
Question 15: Value of business processes
Answer: Consistency Managing from Afar Ability to Grow
Question 16: Characteristics of good process
Answer: good intentions, reproducible results, measurable and manage- able results
Question 17: Why do business processes fail?
Answer: used to be good, limitations, was never good
Question 18: Used to be good
Answer: 1. Market evolution 2 Best employees leave 3. Increase in Demand
Question 19: Was never good
Answer: 1. Ambiguity 2. Misalignment 3. Miscommunication
Page 2
Question 1: Project
Answer: unique undertaking where resources are organized to achieve an end goal or outcome
Question 2: Process
Answer: repeated and consistent level of output
Question 3: Steps of project Manage- ment
Answer: 1. Define the project 2. Establish project priorities 3. Work breakdown structure 4. Track Project
Progress
Question 4: Objectives
Answer: Desired high quality outcomes for the project
Question 5: Deliverables
Answer: Description of products or services that should be delivered by the end of the project
Question 6: Milestones
Answer: Specific events targeted as important to staying on track
Question 7: Scope Creep
Answer: a phenomenon where during the course of a project, the project team allows new goals and
deliverables
Question 8: Activity-on-node
Answer: network diagram convention in which nodes designate activities
Question 9: project path
Answer: a series of connected activities from the start to the finish of the project
Page 1
, Question 10: critical path
Answer: longest total duration
Question 11: slack
Answer: amount of time a path can be delayed without impacting project duration
Question 12: Crashing the project
Answer: act of finding a cost-ettective way to decrease the present length of the project
Question 13: Business process
Answer: documented series of activities that when completed properly aim to ettectively and eflciently turn
inputs into valuable products
Question 14: Cow Path Theory
Answer: Ettective does not mean Eflcient
Question 15: Value of business processes
Answer: Consistency Managing from Afar Ability to Grow
Question 16: Characteristics of good process
Answer: good intentions, reproducible results, measurable and manage- able results
Question 17: Why do business processes fail?
Answer: used to be good, limitations, was never good
Question 18: Used to be good
Answer: 1. Market evolution 2 Best employees leave 3. Increase in Demand
Question 19: Was never good
Answer: 1. Ambiguity 2. Misalignment 3. Miscommunication
Page 2
