BUSOBA 3230 Exam 3 (2025) Actual Exam
Questions and Answers A+ Graded
Project .- .CORRECT .ANSWER-A .temporary .endeavor .undertaken .to .create .a
.unique .product, .service, .or .result .with .a .defined .beginning .and .end .(prescribed
.time, .budget .and .resource .limitations)
Project .Management .- .CORRECT .ANSWER-The .application .of .knowledge, .skills,
.tools, .and .techniques .to .project .activities .to .meet .project .requirements .or
.objectives. .Involved .three .things: .scope .(objectives), .cost .of .resources, .time
.schedule .(on .time)
Pure .Project .- .CORRECT .ANSWER-An .organizational .structure .where .team
.members .work .exclusively .on .one .project, .reporting .directly .to .a .project
.manager .who .has .full .authority.
What .is .a .Functional .Project? .- .CORRECT .ANSWER-A .structure .where .projects
.are .organized .within .existing .functional .departments.
In .a .Functional .Project, .who .do .team .members .report .to? .- .CORRECT
.ANSWER-Functional .managers.
Matrix .Project .- .CORRECT .ANSWER-A .hybrid .structure .where .team .members
.report .to .both .functional .managers .and .project .managers, .creating .a .grid .of
.authority.
Project .Milestones .- .CORRECT .ANSWER-Significant .points .or .events .in .a
.project .that .mark .specific .progress .or .achievements.
Work .Breakdown .Structure .(WBS) .- .CORRECT .ANSWER-A .hierarchical
.decomposition .of .the .project .scope .into .smaller, .more .manageable
.components.
Activities .- .CORRECT .ANSWER-Specific .tasks .or .work .packages .that .must .be
.completed .to .deliver .project .outputs
Critical .Path .- .CORRECT .ANSWER-The .sequence .of .activities .that .determines
.the .minimum .possible .project .duration.
Immediate .Predecessor .- .CORRECT .ANSWER-An .activity .that .must .be
.completed .before .another .activity .can .begin.
, Slack .Time .- .CORRECT .ANSWER-The .amount .of .time .an .activity .can .be
.delayed .without .delaying .the .project .completion .date .(latest .start .- .earliest
.start/ .latest .finish .- .earliest .finish)
Early .Start .Schedule .- .CORRECT .ANSWER-The .earliest .possible .start .time .for
.each .activity .based .on .the .project .network.
Late .Start .Schedule .- .CORRECT .ANSWER-The .latest .possible .start .time .for
.each .activity .that .won't .delay .the .project .completion.
Time-Cost .Models .("Crashing") .- .CORRECT .ANSWER-Techniques .used .to
.reduce .project .duration .by .adding .resources .to .critical .path .activities.
Psychological .Safety .- .CORRECT .ANSWER-All .take .turns .and
.active/ostentatious .listening
Lean .Production .- .CORRECT .ANSWER-A .methodology .focused .on .minimizing
.waste .within .manufacturing .systems .while .maximizing .productivity .and
.customer .value; .originated .from .Toyota's .practices.
Customer .Value .- .CORRECT .ANSWER-What .customers .are .willing .to .pay .for;
.the .features, .qualities, .or .capabilities .that .meet .customer .needs .and
.expectations.
Waste .- .CORRECT .ANSWER-Any .activity .that .consumes .resources .but .creates
.no .value .for .the .customer; .often .categorized .into .seven .or .eight .types .in .lean
.thinking.
Value .Stream .- .CORRECT .ANSWER-The .sequence .of .all .activities .(both .value-
adding .and .non-value-adding) .required .to .bring .a .product .from .raw .materials .to
.the .customer.
Waste .Reduction .- .CORRECT .ANSWER-Systematic .elimination .of .activities .that
.don't .add .value .to .the .product .or .service .from .the .customer's .perspective.
Value .Stream .Mapping .- .CORRECT .ANSWER-A .lean .tool .used .to .visualize .and
.analyze .the .flow .of .materials .and .information .required .to .bring .a .product .to .the
.customer; .aimed .at .eliminating .waste
Kaizen .- .CORRECT .ANSWER-Japanese .term .meaning ."continuous
.improvement"; .a .philosophy .that .focuses .on .small, .ongoing .positive .changes
.throughout .an .organization.
Current .State/Future .State .- .CORRECT .ANSWER-In .value .stream .mapping, .the
.current .state .shows .how .processes .currently .operate, .while .the .future .state
.represents .the .ideal .improved .version .after .removing .waste.
Questions and Answers A+ Graded
Project .- .CORRECT .ANSWER-A .temporary .endeavor .undertaken .to .create .a
.unique .product, .service, .or .result .with .a .defined .beginning .and .end .(prescribed
.time, .budget .and .resource .limitations)
Project .Management .- .CORRECT .ANSWER-The .application .of .knowledge, .skills,
.tools, .and .techniques .to .project .activities .to .meet .project .requirements .or
.objectives. .Involved .three .things: .scope .(objectives), .cost .of .resources, .time
.schedule .(on .time)
Pure .Project .- .CORRECT .ANSWER-An .organizational .structure .where .team
.members .work .exclusively .on .one .project, .reporting .directly .to .a .project
.manager .who .has .full .authority.
What .is .a .Functional .Project? .- .CORRECT .ANSWER-A .structure .where .projects
.are .organized .within .existing .functional .departments.
In .a .Functional .Project, .who .do .team .members .report .to? .- .CORRECT
.ANSWER-Functional .managers.
Matrix .Project .- .CORRECT .ANSWER-A .hybrid .structure .where .team .members
.report .to .both .functional .managers .and .project .managers, .creating .a .grid .of
.authority.
Project .Milestones .- .CORRECT .ANSWER-Significant .points .or .events .in .a
.project .that .mark .specific .progress .or .achievements.
Work .Breakdown .Structure .(WBS) .- .CORRECT .ANSWER-A .hierarchical
.decomposition .of .the .project .scope .into .smaller, .more .manageable
.components.
Activities .- .CORRECT .ANSWER-Specific .tasks .or .work .packages .that .must .be
.completed .to .deliver .project .outputs
Critical .Path .- .CORRECT .ANSWER-The .sequence .of .activities .that .determines
.the .minimum .possible .project .duration.
Immediate .Predecessor .- .CORRECT .ANSWER-An .activity .that .must .be
.completed .before .another .activity .can .begin.
, Slack .Time .- .CORRECT .ANSWER-The .amount .of .time .an .activity .can .be
.delayed .without .delaying .the .project .completion .date .(latest .start .- .earliest
.start/ .latest .finish .- .earliest .finish)
Early .Start .Schedule .- .CORRECT .ANSWER-The .earliest .possible .start .time .for
.each .activity .based .on .the .project .network.
Late .Start .Schedule .- .CORRECT .ANSWER-The .latest .possible .start .time .for
.each .activity .that .won't .delay .the .project .completion.
Time-Cost .Models .("Crashing") .- .CORRECT .ANSWER-Techniques .used .to
.reduce .project .duration .by .adding .resources .to .critical .path .activities.
Psychological .Safety .- .CORRECT .ANSWER-All .take .turns .and
.active/ostentatious .listening
Lean .Production .- .CORRECT .ANSWER-A .methodology .focused .on .minimizing
.waste .within .manufacturing .systems .while .maximizing .productivity .and
.customer .value; .originated .from .Toyota's .practices.
Customer .Value .- .CORRECT .ANSWER-What .customers .are .willing .to .pay .for;
.the .features, .qualities, .or .capabilities .that .meet .customer .needs .and
.expectations.
Waste .- .CORRECT .ANSWER-Any .activity .that .consumes .resources .but .creates
.no .value .for .the .customer; .often .categorized .into .seven .or .eight .types .in .lean
.thinking.
Value .Stream .- .CORRECT .ANSWER-The .sequence .of .all .activities .(both .value-
adding .and .non-value-adding) .required .to .bring .a .product .from .raw .materials .to
.the .customer.
Waste .Reduction .- .CORRECT .ANSWER-Systematic .elimination .of .activities .that
.don't .add .value .to .the .product .or .service .from .the .customer's .perspective.
Value .Stream .Mapping .- .CORRECT .ANSWER-A .lean .tool .used .to .visualize .and
.analyze .the .flow .of .materials .and .information .required .to .bring .a .product .to .the
.customer; .aimed .at .eliminating .waste
Kaizen .- .CORRECT .ANSWER-Japanese .term .meaning ."continuous
.improvement"; .a .philosophy .that .focuses .on .small, .ongoing .positive .changes
.throughout .an .organization.
Current .State/Future .State .- .CORRECT .ANSWER-In .value .stream .mapping, .the
.current .state .shows .how .processes .currently .operate, .while .the .future .state
.represents .the .ideal .improved .version .after .removing .waste.
