OPSY 5315 - Exam 1 | UPDATED Questions with 100%
Verified Answers
Q1: project management activities
A: 1. Planning
2. Scheduling
3. Controlling
Q2: planning phase
A: objectives, resources, work breakdown
structure, organization
Q3: PERT
A: Program Evaluation and Review Technique
Q4: Gantt Chart
A: A time and activity bar chart that is used for
planning, managing, and controlling major
programs that have a distinct beginning and end.
Q5: CPM
A: Critical Path Method
Q6: Critical Path Method
A: A method used to estimate the minimum project
duration and determine the amount of
scheduling flexibility on the logical network
paths within the schedule model.
Q7: Six Steps of PERT & CPM
A: 1. Define the project and prepare the work
breakdown structure
2. Develop relationships among the activities
decide which activities must precede and which
must follow others
3. Draw the network connecting all of the
activities
4. Assign time and/or cost estimates to each
activity
5. Compute the longest time path through the
network - this is called the critical path
6. Use the network to help plan, schedule,
, monitor, and control the project
Q8: AOA
A: Activity on Arrow
Q9: AON
A: Activity on Node
Q10: critical path
A: the sequence of activities that determine the
earliest date by which the project can be
completed
Q11: three primary functions all
A: 1. finance/accounting
Q12: organizations perform
A: 2. marketing
3. production/operations
Q13: A large percentage of the revenue
A: operations
Q14: of most firms is spent on which
A:
Q15: function?
A:
Q16: reasons to study OM
A: 1. one of three major functions
2. know how goods and services are produced
3. understand what operations managers do
Verified Answers
Q1: project management activities
A: 1. Planning
2. Scheduling
3. Controlling
Q2: planning phase
A: objectives, resources, work breakdown
structure, organization
Q3: PERT
A: Program Evaluation and Review Technique
Q4: Gantt Chart
A: A time and activity bar chart that is used for
planning, managing, and controlling major
programs that have a distinct beginning and end.
Q5: CPM
A: Critical Path Method
Q6: Critical Path Method
A: A method used to estimate the minimum project
duration and determine the amount of
scheduling flexibility on the logical network
paths within the schedule model.
Q7: Six Steps of PERT & CPM
A: 1. Define the project and prepare the work
breakdown structure
2. Develop relationships among the activities
decide which activities must precede and which
must follow others
3. Draw the network connecting all of the
activities
4. Assign time and/or cost estimates to each
activity
5. Compute the longest time path through the
network - this is called the critical path
6. Use the network to help plan, schedule,
, monitor, and control the project
Q8: AOA
A: Activity on Arrow
Q9: AON
A: Activity on Node
Q10: critical path
A: the sequence of activities that determine the
earliest date by which the project can be
completed
Q11: three primary functions all
A: 1. finance/accounting
Q12: organizations perform
A: 2. marketing
3. production/operations
Q13: A large percentage of the revenue
A: operations
Q14: of most firms is spent on which
A:
Q15: function?
A:
Q16: reasons to study OM
A: 1. one of three major functions
2. know how goods and services are produced
3. understand what operations managers do
