1. What are the reasons for growing the importance of supply chain management? Explain.
2. Explain different types of plant layout with some examples related to each one.
3. Briefly describe the importance of a Project Charter.
4. How does benchmarking improve operations? Also, give a relevant example.
5. An optimal procedure for organizations to accept projects is to specify a return on investment (ROI) and fund only projects that meet this criterion.
A) True
B) False
6.The project life cycle typically has a stretched-s or an exponential form.
A) True
B) False
7.The objective of feeding buffers is to ensure that non-critical chains are completed so that they do not delay tasks on the critical chain.
A) True
B) False
8.Favorable variances do not require corrective action or further investigation; only unfavorable variances in performance.
A) True
B) False