SCM 300 Exam 3 Questions with
Verified Solutions
a unique undertaking in which resources are organized to achieve an end goal or
outcome - ANSWER-Project
1. Define the Project.
2. Establish project priorities
3. work breakdown structure
4. track project progress - ANSWER-Project Management Steps
Quality
Time
Low Cost - ANSWER-. Project Priorities
- Helpful with milestones
- Break work items into smallest unites
- Estimate needs: People Time Cost - ANSWER-Work Breakdown Structure
the desired outcomes for the project
(Performance, cost, time, and quality) - ANSWER-Objectives
descriptions of products or services that should be delivered by the end of the project
(Ex. Presentation or documents, research, physical items or intangible outputs) -
ANSWER-Deliverables
specific events targeted to staying on track (Ex. date of an important decision, new or
end of phase, a deadline) - ANSWER-Milestones
an illustration where each circle represents a single activity in the project, inside the
circles is a given name or symbol & a number to indicate how much time is required -
ANSWER-AON Diagram
the project path with the longest total duration - ANSWER-The Critical Path
the amount of time in a path or single activity can be delayed without impacting the
project duration - ANSWER-Slack
the act of finding a cost-effective way to decrease the present length of the project -
ANSWER-Crashing the Project
, a documented series of activities that when completed properly aim to effectively and
efficiently turn inputs into valuable products or services - ANSWER-Business Processes
- Consistency
- Managing from afar
- Ability to grow - ANSWER-Value of Business Processes
- Good Intentions
- Reproducible results
- Measurable and Management results - ANSWER-Characteristics of Good Processes
- Never was good (poor goal/priorities, misalignment of goals and actions, unreasonable
exceptions)
- Used to be Good (poor or not training, miscommunication, and market evolution
- Process limitations (demands too high and human resource challenges) - ANSWER-
Why Business Processes Fail
A cow drank water using a complicated path which lead to longer lead times. A new cow
used a simple path to drink water. (Good: quicker service, Bad: new cow possibly
missed out important steps) - ANSWER-Cow Path Theory
a term used to describe services related to providing advice to companies,
organizations, and individuals - ANSWER-consulting
- Gather data and/or provide information
- Define the problem
- Develop solutions
- Provide recommendations
- Implementation - ANSWER-Consulting Types
- Always be Consulting
- Resume Builder
- Corporate Careers - ANSWER-Consulting & Careers
a method with multiple phases that must be complete in order, one at a time (No back-
tracking and works well for well-defined projects with little flexibility) - ANSWER-
Waterfall Methodology
a method to be flexible in an effort to allow for stakeholder feedback and improvements
in technology (concurrently, flexible, struggles, and innovative projects) - ANSWER-
Agile or Iterative Methodology
specific business project that is assigned to a consultant or consultant team (Replaces
project) - ANSWER-Engagement
- Desire to help people
Verified Solutions
a unique undertaking in which resources are organized to achieve an end goal or
outcome - ANSWER-Project
1. Define the Project.
2. Establish project priorities
3. work breakdown structure
4. track project progress - ANSWER-Project Management Steps
Quality
Time
Low Cost - ANSWER-. Project Priorities
- Helpful with milestones
- Break work items into smallest unites
- Estimate needs: People Time Cost - ANSWER-Work Breakdown Structure
the desired outcomes for the project
(Performance, cost, time, and quality) - ANSWER-Objectives
descriptions of products or services that should be delivered by the end of the project
(Ex. Presentation or documents, research, physical items or intangible outputs) -
ANSWER-Deliverables
specific events targeted to staying on track (Ex. date of an important decision, new or
end of phase, a deadline) - ANSWER-Milestones
an illustration where each circle represents a single activity in the project, inside the
circles is a given name or symbol & a number to indicate how much time is required -
ANSWER-AON Diagram
the project path with the longest total duration - ANSWER-The Critical Path
the amount of time in a path or single activity can be delayed without impacting the
project duration - ANSWER-Slack
the act of finding a cost-effective way to decrease the present length of the project -
ANSWER-Crashing the Project
, a documented series of activities that when completed properly aim to effectively and
efficiently turn inputs into valuable products or services - ANSWER-Business Processes
- Consistency
- Managing from afar
- Ability to grow - ANSWER-Value of Business Processes
- Good Intentions
- Reproducible results
- Measurable and Management results - ANSWER-Characteristics of Good Processes
- Never was good (poor goal/priorities, misalignment of goals and actions, unreasonable
exceptions)
- Used to be Good (poor or not training, miscommunication, and market evolution
- Process limitations (demands too high and human resource challenges) - ANSWER-
Why Business Processes Fail
A cow drank water using a complicated path which lead to longer lead times. A new cow
used a simple path to drink water. (Good: quicker service, Bad: new cow possibly
missed out important steps) - ANSWER-Cow Path Theory
a term used to describe services related to providing advice to companies,
organizations, and individuals - ANSWER-consulting
- Gather data and/or provide information
- Define the problem
- Develop solutions
- Provide recommendations
- Implementation - ANSWER-Consulting Types
- Always be Consulting
- Resume Builder
- Corporate Careers - ANSWER-Consulting & Careers
a method with multiple phases that must be complete in order, one at a time (No back-
tracking and works well for well-defined projects with little flexibility) - ANSWER-
Waterfall Methodology
a method to be flexible in an effort to allow for stakeholder feedback and improvements
in technology (concurrently, flexible, struggles, and innovative projects) - ANSWER-
Agile or Iterative Methodology
specific business project that is assigned to a consultant or consultant team (Replaces
project) - ANSWER-Engagement
- Desire to help people
