2026 QUESTIONS WITH ANSWERS
GRADED A+
◍ latest start.
Answer: The latest point in time an activity can begin without delaying the
entire project
◍ Green Purchasing is.....
Answer: the process of identifying, assessing, and managing the flow of
environmental waste and finding ways to reduce it and minimize its impact
on the environment
◍ value.
Answer: How well the service or product serves its intended purpose at a
priceExpectation vs experience
◍ traditional organization.
Answer: Workers: support the managementManagers: determiners of
product quality
◍ when there is a _____________ in hindsight firms would prefer prevention
and appraisal costs.
Answer: failure/recall
◍ process capability index ( ).
Answer: Measures the potential for a process to generate defective outputs
relative to either upper or lower specifications
◍ Which is/are a justification for carrying a large amount of inventory?.
Answer: Transportation costs
◍ time.
, Answer: a specified deadline
◍ project management.
Answer: the application of knowledge, skills, tools and techniques to abroad
range of activities in order to meet the requirements of a particular project
◍ project team.
Answer: technical competence, sensitivity, and dedication
◍ managed outside functional department with people dedicated to specific
projects is what kind of organizing project?.
Answer: pure project
◍ dedication.
Answer: Strong problem orientationNot bound by their discipline and
educational expertiseStrong goal orientationDedicated to getting the project
done
◍ acceptable quality level (AQL).
Answer: Quality level(proportion of defective items) desired by the
consumer
◍ Trinity Manufacturing has an average aggregate inventory value of
$12,700,000 and annual sales (at product cost) of $88,400,000. How many
weeks of inventory do they have on hand, assuming a 52 week year?.
Answer: 12,700,000/(88,400,000/52 weeks) = 7.5 weeks
◍ project are a _____________ set of activities with a definite starting and
ending point, which results in a unique outcome for a specific allocation of
resources.
Answer: interrelated
◍ control chart.
Answer: Ensures that the process is operating normally(predictable & stable)
(Variation does not change over time)Does not ensure that output meets
design specifications (Need process capability study)
◍ A disadvantage of Technology Transfer.
, Answer: occurs when proprietary technology is shared with an outsourcing
partner and they turn into your competitor
◍ control charts for attributes.
Answer: Attributes: characteristics that can be countedE.g. # of errors,
proportion of on-time deliveryp-chart: measures the proportion of defective
services or products generated by the processc-chart: measures the number
of defects when more than one defect can be present in a service or product
◍ what three values are needed to create a control chart.
Answer: Nominal value or center lineUpper Control Limit (UCL)Lower
Control Limit (LCL)
◍ earliest finish.
Answer: The earliest time an activity can finish based on predecessorsEF =
ES + Expected Time
◍ communicator.
Answer: Must communicate effectively with the various stakeholders of the
project
◍ If Eternal Lights, a candle manufacturer decided to build and operate its own
retail stores to sell candles to the public.
Answer: that is an example of Forward Integration
◍ What are the elements of Supply Chain Risk?.
Answer: All of the Above
◍ critical path method - crashing a project.
Answer: Crashing: shortening duration of activities by applying additional
resourcesE.g.: overtime, special equipment, additional staff or material•
Important to make sure the resources required to crash the project are
availableMay have to expedite tasks not on critical path to make resources
available to other projectsSome tasks cannot be crashedCrashing often
introduces unanticipated problemsChanges the schedule for all activitiesWill
have an impact on schedules for all the subcontractors