Exam (elaborations)
OM 300 Midterm Exam Chilcutt (Chapters 1-5S HW Questions With Solutions)
- Course
- Institution
OM 300 Midterm Exam Chilcutt (Chapters 1-5S HW Questions With Solutions)
[Show more]
Content preview
OM 300 Midterm Exam Chilcutt (Chapters 1-5S HWQuestions With Solutions)
The three phases involved in the management of large projects are Right
Ans - planning, scheduling, and controlling
The work breakdown structure for building a house (levels 1 and 2) is shown
below:
-Level 1: House
-Level 2: Site Preparation, Masonry, Carpentry, Plumbing, Finishing
To provide more detail to the WBS:
A)for the plumbing activity the appropriate next level activities could be:
a. underground pipes
b. toilets and sinks
c. irrigation system
d. all of the above
B)for the masonry activity, which of the following activities is not an
appropriate next level activity:
a. garage
b. exterior walls
c. painting
d. chimney Right Ans - A) d.
B) c.
Which of the following is a direct responsibility of the project manager?
Right Ans - making sure that the people assigned to the project receive the
motivation, direction, and information needed to do their jobs
Gantt charts are Right Ans - planning charts used to schedule resources
and allocate time.
Which of these statements is NOT true about project scheduling?
A) Project scheduling identifies the precedence relationships among activities.
B) Project scheduling shows the relationship of each activity to others.
, C) Project scheduling helps make better use of resources by identifying the
non-critical paths through the network.
D)Project scheduling encourages the setting of realistic time and cost
estimates for each activity. Right Ans - C
The critical path of a network is the Right Ans - longest time path through
the network.
With respect to PERT and CPM, slack Right Ans - is the amount of time a
task may be delayed without changing the overall project completion time
Among the following, critical path and slack time analysis MOST help:
A) pinpoint activities that need to be closely watched.
B) managers define the project activities.
C) highlight relationships among project activities.
D) point out who is responsible for various activities. Right Ans - A
The forecasting time horizon that would typically be easiest to predict for
would be the Right Ans - short range
A forecast that projects a company's sales is Right Ans - a demand forecast
CPFR is Right Ans - collaborative, planning, forecasting, and replenishment
What is the FIRST step in a forecasting system?
A) Determine the time horizon of the forecast.
B) Select the items to be forecasted.
C) Determine the use of the forecast.
D) Select the forecast model(s). Right Ans - C
Which of the following is a quantitative forecasting method?
A) market survey
B) sales force composite
C) jury of executive opinion
D) exponential smoothing Right Ans - D
The benefits of buying summaries with Stuvia:
Guaranteed quality through customer reviews
Stuvia customers have reviewed more than 700,000 summaries. This how you know that you are buying the best documents.
Quick and easy check-out
You can quickly pay through credit card or Stuvia-credit for the summaries. There is no membership needed.
Focus on what matters
Your fellow students write the study notes themselves, which is why the documents are always reliable and up-to-date. This ensures you quickly get to the core!
Frequently asked questions
What do I get when I buy this document?
You get a PDF, available immediately after your purchase. The purchased document is accessible anytime, anywhere and indefinitely through your profile.
Satisfaction guarantee: how does it work?
Our satisfaction guarantee ensures that you always find a study document that suits you well. You fill out a form, and our customer service team takes care of the rest.
Who am I buying these notes from?
Stuvia is a marketplace, so you are not buying this document from us, but from seller Studyhall. Stuvia facilitates payment to the seller.
Will I be stuck with a subscription?
No, you only buy these notes for $15.99. You're not tied to anything after your purchase.
Can Stuvia be trusted?
4.6 stars on Google & Trustpilot (+1000 reviews)
77254 documents were sold in the last 30 days
Founded in 2010, the go-to place to buy study notes for 14 years now