SCM 300 – FINAL UPDATED ACTUAL Questions and CORRECT Answers
unique undertaking in which resources (human, material,
and/or financial) are organized to achieve an end goal
project
or outcome (tangible and/or intangible) something that's
done one single time, unique
1. define the project
2. establish project priorities
4 steps in project management
3. work breakdown structure
4. track project progress
the project needs to be broken down into its smallest parts
work breakdown structure (activities) so that reasonable estimates about time and
resources can be developed
- performance
project priorities - time (quickly)
- cost (low/minimal)
desired outcomes for the project, could be in areas of
objectives
performance, cost, time, and/or quality
description of the products and/or services that should be
deliverables
delivered by the end of the project
specific events targeted as important to staying on track,
milestones
occur throughout the project
a documented series of activities that when completed
business process properly aim to effectively and eflciently turn inputs (ma-
terials, equipment, labor) into valuable products/services
- consistency
value of business processes - managing from afar
- ability to grow
3 characteristics of a good process
, 1. good intentions = process is goal oriented, stakeholders
considered, effective and eflcient, outputs are desired
2. reproducible results and documented and easily un-
derstood steps
3. measurable and manageable = define good outcomes
in measurable way, use good metrics, accountability for
each step, make it easy to identify problems, have a plan
to fix problems
used to be good
- market evolution
- best employees leave
- increase in demand
why business processes fail
was never good
- ambiguity
- misalignment
- miscommunication
services related to providing advice to companies organi-
consulting
zations and individuals
- Always Be Consulting (ABC)
- Resume Builder
consulting careers
- Corporate Careers (project management and leader-
ship)
- provides client data and/or information
- defines client information (identify root cause)
types of consulting - develop solutions
- provide professional recommendations
- provide assistance with implementing solutions
method with multiple phases, each phase must be com-
pleted before moving to next phase, no back-tracking,
2/8
unique undertaking in which resources (human, material,
and/or financial) are organized to achieve an end goal
project
or outcome (tangible and/or intangible) something that's
done one single time, unique
1. define the project
2. establish project priorities
4 steps in project management
3. work breakdown structure
4. track project progress
the project needs to be broken down into its smallest parts
work breakdown structure (activities) so that reasonable estimates about time and
resources can be developed
- performance
project priorities - time (quickly)
- cost (low/minimal)
desired outcomes for the project, could be in areas of
objectives
performance, cost, time, and/or quality
description of the products and/or services that should be
deliverables
delivered by the end of the project
specific events targeted as important to staying on track,
milestones
occur throughout the project
a documented series of activities that when completed
business process properly aim to effectively and eflciently turn inputs (ma-
terials, equipment, labor) into valuable products/services
- consistency
value of business processes - managing from afar
- ability to grow
3 characteristics of a good process
, 1. good intentions = process is goal oriented, stakeholders
considered, effective and eflcient, outputs are desired
2. reproducible results and documented and easily un-
derstood steps
3. measurable and manageable = define good outcomes
in measurable way, use good metrics, accountability for
each step, make it easy to identify problems, have a plan
to fix problems
used to be good
- market evolution
- best employees leave
- increase in demand
why business processes fail
was never good
- ambiguity
- misalignment
- miscommunication
services related to providing advice to companies organi-
consulting
zations and individuals
- Always Be Consulting (ABC)
- Resume Builder
consulting careers
- Corporate Careers (project management and leader-
ship)
- provides client data and/or information
- defines client information (identify root cause)
types of consulting - develop solutions
- provide professional recommendations
- provide assistance with implementing solutions
method with multiple phases, each phase must be com-
pleted before moving to next phase, no back-tracking,
2/8
