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OSCM 373- CHAPTER 7 questions well answered to pass
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OSCM 373- CHAPTER 7 questions well answered to pass
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OSCM 373- CHAPTER 7project - correct answer ✔✔unique, one-time operations designed to accomplish a set of objectives in a
limited time frame
ex of projects: - correct answer ✔✔shopping complex, merging two companies, putting on a play, and
designing and running a political campaign
How is project management different from general operations management? - correct answer ✔✔-
Limited time frame
-Narrow focus; specific objectives
-Less bureaucratic
what are the key success factors of project management? - correct answer ✔✔-Top-down commitment
-A respected and capable project manager
-Enough time to plan
-Careful tracking and control
-Good communications
what are the major administrative issues of project management? (2) - correct answer ✔✔executive
responsibilities & organizational alternatives
Executive Responsibilities of Project Management: - correct answer ✔✔-Project selection
, -Selection of a project manager
-Organizational structure (To whom will the project manager report?)
Organizational Alternatives of Project Management: - correct answer ✔✔-Manage within functional unit
-Assign a coordinator
-Use a matrix organization with a project leader
what are the key metrics of project management? - correct answer ✔✔1) Time
2) Cost
3) Performance objectives
when is project management used? - correct answer ✔✔-When there are special needs that don't lend
themselves to functional management
-When pressures exist for new or improved products or services, as well as cost reduction
main tools of project management: - correct answer ✔✔1. work breakdown structure
2. network diagram
3. gantt chart
4. risk management
Life Cycle of Project Management - correct answer ✔✔1. initiating
2. planning
3. executing
4. monitoring & controlling
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