Question 1) Give some examples of process improvement opportunities within your organization or one with which you are familiar. How would you implement these improvements? What would be the benefits? What would be the risks? What are some of the more common elements of risk in managing a project? How can risk be mitigated?
Question 2) How does your organization, or one with which you are familiar, manage its work-in-process inventory? How can having more work-in-process inventory improve the efficiency of a process? Conversely, how can it decrease the efficiency of a process?