Project scope, one of the basic elements of a project plan, involves a set of procedures
for anticipating and assessing uncertainties that might increase the risk of delaying the
project.
Customer relationship management systems change the focus from managing products
to managing customers.
Class A items in the ABC classification system require less monitoring and control than
Class C items.
Process analysis yields a set of documents detailing manufacturing and service delivery
specifications.
With an activity-on-node (AON) network diagram, the nodes indicate the precedence
relationships and the arrows represent the project’s activities.
Most service facilities utilize fixed-position layouts.
Internal setup activities can be performed when a process is running.
In lean production, waste is defined as anything that does not add value to the product.
A dummy variable is an activity inserted into the AOA network diagram to show a
precedence relationship, but does not represent any passage of time.
Equipment utilization is typically very high in processes with a fixed-position layout.
Firms that successfully implement an MRP system no longer require cycle counting of
inventory.
A load profile displays underloads and overloads.
Earned value analysis reports a project’s performance by tracking its forecasted
completion date and anticipated budget variations.
For a given facility, the best operating level equals the percent of capacity utilization
that minimizes unit cost.
Gross requirements at one level of a product structure generate gross requirements at
the next level.
The impetus for sustainability comes from downstream members of the supply chain
and moves upstream to include suppliers.
Material storage and movement are directly affected by facility layout decisions.