SCM 370 UNCW Exam 3 – Study Guide, Practice Questions & Exam Review
What is a project? - ✔✔Any unique endeavor with specific objectives, multiple activities,
defined precedent relationships, and a specific time period for completion.
Project life cycle - ✔✔Conception, feasibility analysis or study, planning, execution, and
termination.
What are network planning techniques? - ✔✔Program Evaluation & Review Technique(PERT),
and Critical Path Method(CPM)
PERT and CPM Benefits. - ✔✔Graphically display the precedence relationships & sequence of
activities, estimate the projects duration, identify critical activities that cannot be delayed with
out delaying the project, and estimate the amount of slack associated with non-critical
activities.
Activity time estimates. - ✔✔Probabilistic and Deterministic
Probabilistic(PERT) - ✔✔Process that uses optimistic, most likely and pessimistic time
estimates.
Deterministic(CPM) - ✔✔Assumes the activity duration is known certainty.
Network Diagrams - ✔✔Nodes=represent the Activity and arrows= the precedence
relationships.
Project Management - ✔✔1. Describe the project
2.Diagram the Network
3. Estimate Project's Completion Time
, 4. Monitor Project's Progression
Estimate Project's Completion Time - ✔✔Add deterministic time estimates and connected
paths.
Critical Path - ✔✔The longest time it will take to complete a project; activities can not be
slacked.
How to calculate the critical path. - ✔✔Add up all the connected paths with the longest time.
(project cannot finish in less time than its longest path)
Project Crashing - ✔✔Reducing the projects completion time.
What is supply chain? - ✔✔Network of all the activities involved in delivering a finished
product/service to the customer.
What is logistics? - ✔✔The part of the supply chain process that plans, implements, and
controls the efficient, effective forward and reverse flow and storage of goods, services, and
related information between the point of origin and the point of consumption in order to meet
customers' requirements.
External Suppliers - ✔✔Source of raw material.
Tier 1- supplies directly to the processor.
Tier 2- Supplies directly to tier 1.
Tier 3- supplies directly to tier 2.
Internal Suppliers - ✔✔Processing, purchasing, planning, quality, and shipping.
What is a project? - ✔✔Any unique endeavor with specific objectives, multiple activities,
defined precedent relationships, and a specific time period for completion.
Project life cycle - ✔✔Conception, feasibility analysis or study, planning, execution, and
termination.
What are network planning techniques? - ✔✔Program Evaluation & Review Technique(PERT),
and Critical Path Method(CPM)
PERT and CPM Benefits. - ✔✔Graphically display the precedence relationships & sequence of
activities, estimate the projects duration, identify critical activities that cannot be delayed with
out delaying the project, and estimate the amount of slack associated with non-critical
activities.
Activity time estimates. - ✔✔Probabilistic and Deterministic
Probabilistic(PERT) - ✔✔Process that uses optimistic, most likely and pessimistic time
estimates.
Deterministic(CPM) - ✔✔Assumes the activity duration is known certainty.
Network Diagrams - ✔✔Nodes=represent the Activity and arrows= the precedence
relationships.
Project Management - ✔✔1. Describe the project
2.Diagram the Network
3. Estimate Project's Completion Time
, 4. Monitor Project's Progression
Estimate Project's Completion Time - ✔✔Add deterministic time estimates and connected
paths.
Critical Path - ✔✔The longest time it will take to complete a project; activities can not be
slacked.
How to calculate the critical path. - ✔✔Add up all the connected paths with the longest time.
(project cannot finish in less time than its longest path)
Project Crashing - ✔✔Reducing the projects completion time.
What is supply chain? - ✔✔Network of all the activities involved in delivering a finished
product/service to the customer.
What is logistics? - ✔✔The part of the supply chain process that plans, implements, and
controls the efficient, effective forward and reverse flow and storage of goods, services, and
related information between the point of origin and the point of consumption in order to meet
customers' requirements.
External Suppliers - ✔✔Source of raw material.
Tier 1- supplies directly to the processor.
Tier 2- Supplies directly to tier 1.
Tier 3- supplies directly to tier 2.
Internal Suppliers - ✔✔Processing, purchasing, planning, quality, and shipping.
