Exam 12: Purchasing and Supply Chain Analysis: Tools and Techniques

A/An ____ visually displays the tasks and times associated with a project and consists of a horizontal bar chart with activities listed vertically and times or dates displayed horizontally.

All of the following are characteristics of the postcompletion phase of a project except ____.

Because a project usually has a defined scope with agreed-upon tasks,responsibilities,and deliverables,it is often more difficult to measure project success compared with other types of work.

All processes and items can benefit from or exhibit improvement from learning.

When a process crosses functional boundaries,there is a risk that no one actually owns or takes responsibility for the entire process.

Which of the following is not one of the six phases of a project?

____ is a tool that reduces processes to their component parts or activities and helps identify and then eliminate non-value-adding activities (waste)or delays within a process.

____ techniques are primarily applied to existing products and services,while ____ is the application of value principles during product or service design.

The advantage of a Gantt chart is that it can be easily updated to show the activities of larger,more complex projects.

The learning curve requires the accurate collection of cost and labor data,particularly during the latter stages of production.

Users apply ____ to projects where there is a single known time for each activity with no variance,while ____ applies to projects where time estimates are variable or uncertain.

In a PERT network,a/an ____ is the latest time an activity can finish without delaying the entire project.

A/An ____ consists of activities or steps that can be performed at the same time during the main flow of work.

Which of the following is not a question that value analysis teams should ask to determine if opportunities exist for item,product,or service improvement?

In a PERT network,the difference between the ____ and the ____ is slack.

Learning-curve analysis is a key reason why many buyers consolidate purchase volumes with fewer suppliers.

A producer realizes the most dramatic learning improvements over early volumes when the effect from learning is the greatest.

Offering a supplier a longer-term contract with guaranteed volumes encourages investment in equipment that results in lower production costs.

When referring to learning improvement,the ____ represents a reduction in the cumulative average number of labor hours as production doubles from a previous level.

In a PERT network,a/an ____ is the latest point in time an activity can begin without delaying the entire project.