CIPS L4M2 3.3 Risks & Mitigation – Questions &
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Practice questions for this set
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•Unacceptable purchase that does not meet the needs of the user.
•Time overrun as the product or service has to be adapted to meet the emerging
real needs,
•Increased costs from re-work to adapt the product or service to the real need.
Choose an answer
Describe how a zero-based approach
1 2 Misinterpreting needs
works.
Monitor specification creation- Project
3 UNDER-SPECIFIED NEEDS: risks 4
management
Don't know?
Terms in this set (31)
Describe how a zero-based approach Method to identify how to simplify the parts structure
works. in a range of products
, What impact does standardisation cost reduction (through purchasing leverage and
have on unit costs? reduction of inventory)
Benefits of Standardization cost reduction
improves quality,
Improves flexibility and responsiveness
Managing risk cycle Assess
Control
Monitor
Idenitify
Monitor specification creation- Project Accountability
management Focus on goals
Learning from experience
Team morale
Project Initiation Document Before specs writing project
Scope
Team mandate
Metrics for managing projects Schedule variance
Cost variance
Stakeholder satisfaction
Material requirements planning Production planning, scheduling, and inventory
control system used to manage manufacturing
processes
LEAN METHOD: Types of wastes Defects
Over-production
Waiting
Not using talent
Transport & handling
Inventory
Motion waste
Excess processing
Answers | Study Guide
Save
Practice questions for this set
Learn 1 /7 Study using Learn
•Unacceptable purchase that does not meet the needs of the user.
•Time overrun as the product or service has to be adapted to meet the emerging
real needs,
•Increased costs from re-work to adapt the product or service to the real need.
Choose an answer
Describe how a zero-based approach
1 2 Misinterpreting needs
works.
Monitor specification creation- Project
3 UNDER-SPECIFIED NEEDS: risks 4
management
Don't know?
Terms in this set (31)
Describe how a zero-based approach Method to identify how to simplify the parts structure
works. in a range of products
, What impact does standardisation cost reduction (through purchasing leverage and
have on unit costs? reduction of inventory)
Benefits of Standardization cost reduction
improves quality,
Improves flexibility and responsiveness
Managing risk cycle Assess
Control
Monitor
Idenitify
Monitor specification creation- Project Accountability
management Focus on goals
Learning from experience
Team morale
Project Initiation Document Before specs writing project
Scope
Team mandate
Metrics for managing projects Schedule variance
Cost variance
Stakeholder satisfaction
Material requirements planning Production planning, scheduling, and inventory
control system used to manage manufacturing
processes
LEAN METHOD: Types of wastes Defects
Over-production
Waiting
Not using talent
Transport & handling
Inventory
Motion waste
Excess processing
