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MNO2604 Assignment 3 PORTFILIO (COMPLETE ANSWERS) Semester 2 2025 - DUE 10 October 2025

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MNO2604 Assignment 3 PORTFILIO (COMPLETE ANSWERS) Semester 2 2025 - DUE 10 October 2025

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MNO2604 Assignment 3
PORTFILIO (COMPLETE
ANSWERS) Semester 2 2025 -
DUE 10 October 2025




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,MNO2604 Assignment 3 PORTFILIO (COMPLETE ANSWERS) Semester 2 2025
- DUE 10 October 2025

WORK STUDY - MNO2604 2025: SEMESTER 2 ASSIGNMENT 3: PORTFOLIO

This assignment consists of practical questions relating to The following
concerns a time study that was conducted at your work place. You are
required to calculate the basic time, the selected basic time, the actual time,
and the standard time for this job. A contingency allowance of 6% is
applicable. Work to three (3) decimal places. 4 TIME STUDY ANALYSIS SHEET
Element number Observed time Observed rating Basic time Frequency
Select basic time Rest allowance % Actual time 1 0.88 100 1/1 10 2 2.04 75
1/1 08 3 1.57 80 1/1 11 4 0.33 110 2/1 09 5 1.44 85 1/2 12 6 1.09 95 1/1 09
7 0.72 100 1/1 10 Total allowed time: Contingency allowance (6%): Standard
time: SEMESTER 2: Assignment 3 (PORTFOLIO) = 40 marks 5 ANNEXURE 1
SINGLE COLUMN PROCESS CHART DIVISION: TAKEN BY: SHEET: OF: CHART
COMMENCES AT: PRESENT METHOD: PROPOSED METHOD: CHART ENDS AT:
DESCRIPTION OF TASK: STEP NO. DETAILS OF OPERATION O P E R. IN S P E
CT. D E L A Y T R A N S. S T O RA GE. DISTANCE TIME REMARKS SUMMARY
STORAGE TRANSPORT DELAYS INSPECTION NO. TIME: NO. TIME: NO. TIME:
NO. TIME: NO. TIME:

Method study and Work measurement: (6) Work study consists of two
techniques which are method study and work measurement. Method study is
conducted first, followed by work measurement. The correct application of
these two techniques result in higher productivity for an organisation. You
are required to summarise the knowledge which you have gained from
studying these two techniques and then develop and provide your own
definitions for method study and work measurement. Note that if you provide
the definition from your study guide, it will be marked as incorrect. Three
marks each will be awarded for the definition of each technique. The
following concerns a time study that was conducted at your work place. You
are required to calculate the basic time, the selected basic time, the actual
time, and the standard time for this job. A contingency allowance of 5% is
applicable. Work to two (2) decimal places. Element number Observed time
Observed rating Basic time Frequency Actual time 1 2.05 75 1/1 2 1.50 85
2/1 3 1.15 100 1/1 4 1.75 80 1/1 5 2.02 75 1/1 6 1.99 75 1/1 7 1.34 90 2/1
Total actual time: Contingency allowance 5%: Standard time: The following
procedure concerns the processing of a home loan application. It consists of
the tasks of two bank personnel, namely a home loan consultant and a credit
clerk. The home loan consultant: • Receives the application form from the
applicant. • Checks the application to ensure that all sections are completed
(4.3 minutes). • Places the application form in the out tray to be forwarded
to the processing department (0.25 minutes). The credit clerk: • Receives
the application the following day. • Contacts the credit bureau to verify the

, applicant’s credibility (6.90 minutes). • Checks the applicant’s banking
details and historical data (8.80 minutes). • Writes a recommendation on the
application form (2.50 minutes). • Takes the application form to the home
loan consultant (15 metres). The home loan consultant: • Checks the
recommendation of the credit clerk (1.50 minutes). • Contacts the applicant
to inform him/her of the outcome (3.75 minutes). Required: Read the
information provided above and compile a single-column process chart of the
above procedure for the processing of a home loan application.

See Annexure 1 below for a Word copy of the Single-column process chart.
You can also obtain a Word copy of the Single-column process chart on
Announcements on the MNO2604 Module site. The goal of conducting
method study is to ensure that the current methods of working are
investigated with the aim of developing and implementing new and
improved methods of working. Method study consists of process charting to
chart the present methods of working. There are selected charts which are
used during method study investigations.

Summarise the knowledge which you have gained from studying the
technique method study. Then provide your own explanation of the four of
the six symbols used in process charting. Substantiate your answer by
illustrating and explaining each symbol. NOTE: You are required to tabulate
your answer and explain in your own words. Any photocopy or scans of the
symbols will be marked as incorrect.

Work study consists of two techniques which are method study and work
measurement. Method study is conducted first, followed by work
measurement. The correct application of these two techniques result in
higher productivity for an organisation. You are required to summarise the
knowledge which you have gained from studying these two techniques and
then develop and provide your own definitions for method study and work
measurement. Note that if you provide the definition from your study guide,
it will be marked as incorrect. Three marks each will be awarded for the
definition of each technique.




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