SCM 300 Final Exam ASU UPDATED ACTUAL Questions and CORRECT Answers
Singularity Hypothetical point of uncontrollable technology growth
Swim Lane Flowchart Flowchart that organizes activities by responsible entities
Method identifying the most significant factors contribut-
Pareto Analysis
ing to a problem
The longest path (in terms of time) in the AON network
diagram. This path dictates the expected completion time
Critical Path
of the project. Items on this path must be completed in
time in order for the project to be completed on schedule
Time an activity can be delayed without impacting project
Slack
length
Shortening the time of the project by increasing the num-
ber of resources usually in the most cost effective manner.
Crashing the Project
When crashing in this class, ALWAYS choose the cheapest
solution
-Lack of skills
-Inadequate project planning
-Not enough resources available
-Project expectations are unclear
Why Projects Fail
-Not enough time given to the project
-Scope not understood or agreed upon
-Stakeholders disagree on expectations
-Miscommunication
An activity on node (AON) network diagram is a visual tool
AON Diagram used in project management. It depicts the sequence of
activities required to complete a project
Tasks include providing information, problem-solving,
Consulting Problems Solved
and making recommendations
Traits of a Good Consultant
, 1. Thick skin
2. Problem solver
3. Bridge builder, networker, and works well in teams
4. Fast learner
5. Data analysis and critical thinking
6. Break a problem into solvable parts
7. Strategic thinker who can connect the dots
8. Presentation and story telling skills
9. Communication and people management skills (good
listener)
10. Deliverable focused (vs activity)
11. Change manager
12. Thought leader
Porters 5 Forces Framework analyzing industry competition
Model for evaluating products based on market share and
BCG Growth Matrix
growth rate
Process of comparing performance metrics with industry
Benchmarking
bests
Elements of marketing mix: product, price, place, promo-
4 P's of Marketing
tion
Concept identifying a company's strengths and focus ar-
Core Competency Matrix
eas
GE-McKinsey Nine Box Matrix Tool for evaluating business units and allocating resources
Development that meets the needs of the present without
Sustainability compromising the ability of future generations to meet
their own needs
Corporate framework considering environmental, social,
ESG
and governance factors
Triple Bottom Line Model focusing on people, planet, profits
2/8
Singularity Hypothetical point of uncontrollable technology growth
Swim Lane Flowchart Flowchart that organizes activities by responsible entities
Method identifying the most significant factors contribut-
Pareto Analysis
ing to a problem
The longest path (in terms of time) in the AON network
diagram. This path dictates the expected completion time
Critical Path
of the project. Items on this path must be completed in
time in order for the project to be completed on schedule
Time an activity can be delayed without impacting project
Slack
length
Shortening the time of the project by increasing the num-
ber of resources usually in the most cost effective manner.
Crashing the Project
When crashing in this class, ALWAYS choose the cheapest
solution
-Lack of skills
-Inadequate project planning
-Not enough resources available
-Project expectations are unclear
Why Projects Fail
-Not enough time given to the project
-Scope not understood or agreed upon
-Stakeholders disagree on expectations
-Miscommunication
An activity on node (AON) network diagram is a visual tool
AON Diagram used in project management. It depicts the sequence of
activities required to complete a project
Tasks include providing information, problem-solving,
Consulting Problems Solved
and making recommendations
Traits of a Good Consultant
, 1. Thick skin
2. Problem solver
3. Bridge builder, networker, and works well in teams
4. Fast learner
5. Data analysis and critical thinking
6. Break a problem into solvable parts
7. Strategic thinker who can connect the dots
8. Presentation and story telling skills
9. Communication and people management skills (good
listener)
10. Deliverable focused (vs activity)
11. Change manager
12. Thought leader
Porters 5 Forces Framework analyzing industry competition
Model for evaluating products based on market share and
BCG Growth Matrix
growth rate
Process of comparing performance metrics with industry
Benchmarking
bests
Elements of marketing mix: product, price, place, promo-
4 P's of Marketing
tion
Concept identifying a company's strengths and focus ar-
Core Competency Matrix
eas
GE-McKinsey Nine Box Matrix Tool for evaluating business units and allocating resources
Development that meets the needs of the present without
Sustainability compromising the ability of future generations to meet
their own needs
Corporate framework considering environmental, social,
ESG
and governance factors
Triple Bottom Line Model focusing on people, planet, profits
2/8
