Question: Q 1 : Operational improvement can be applied to A - The processes that have a bottleneck in the conversion of inputs into outputs B
Q: Operational improvement can be applied to
A The processes that have a bottleneck in the conversion of inputs into outputs
B The processes that are converting the firm's inputs into outputs
C Any process within an organization
Q: A linear process for renewing passports is composed of four steps with the following output rates each: ApassportsdayB passportsdayCpassportsdayD passportsdayThe bottleneck of the process is
A Step A
B Step C
C Step B
Q: The cycle time of a process
A Is the cycle time of the resource with the longest cycle time
B is the sum of the cycle times of its resources
C Is the product of the throughput time by the work in progress
Q: A shipyard is launching a new vessel production project and is concerned about financial loss risks due to fluctuations in the price of steel. If the shipyard underwrites a derivatives contract in which it agrees to buy the required quantity of steel for the ship at a specified price on a particular date in the future, they are pursuing a risk management strategy focused on
A Risk mitigation.
B Risk prevention
C Risk regulation
Q: A linear process for renewing passports is composed of four steps with the following output rates each: A minpassportsB minpassportsC minpassportsD minpassports Assuming that no work in progress is left at the end of a working day, in a hours working day theprocess can produce:
A
B
C
Q: Reducing the planned duration of a project requires
A Accelerating but not overlapping activities on the critical path
B Overlapping but not accelerating activities on the critical path
CAccelerating or overlapping activities on the critical path
Q: The fundamental use of a Gannt diagram in the context of a project is
A To check for resource saturation for each phase of the project
B To identify the bottleneck for each phase of the project
C To get an overall view of the timing of each phase of the project
Q: Improving a jumbled flow process entails
A Tightly controlling where bottlenecks build up and relieve them as they occur
B Tightly specifying activities and standardize flows across resources
C Increasing the specialization of resources people equipment, etc
Q: One key challenge in managing employees operating in a linear process is
A Ensuring work consistency and compliance Perplexity
B Relieving from overload employees who face temporary large backlogs Poe
C Making sure that employees can address creatively unexpected situations
Q: A project is characterized by the following activities, duration, and precedence constraints:
A weeksno predecessors
B weeksA
C weeksB
D weeksC&F
E weeksA
F weeksE
How much can activity B be delayed without increasing project duration?
A week
B weeks
C weeks
Q: The ability of an organization to react to unforeseen risks is better mitigated by
A Creating a command and control center operating based on welldefined contingency plans
B Creating an organization where people are aware of the ongoing operational conditions of its operations and share a concern for failure
C Creating an organization with clear glitch mitigation routines.
Q: A project is characterized by the following activities, duration, and precedence constraints:
A weeks no predecessors
B weeksA
C weeksB
D weeksC&F
E weeksA
F weeksE
Which activities are on the critical path?
A ABCD Poe
B ABCDEF Hammam
C AEFD
Q: The principles of lean thinking:
A Apply to knowledge work, but the principle of 'tight specification of work must be softened and applied only to those part that are more repetitive. Perplexity
B apply to knowledge work in general, but the principle of specifying direct and simple flows" does not apply
CDo not apply to knowledge work, they are appropriate for manufacturing or repetitive activities Poe
Q: Business Process Reengineering
A Reliability is increased by establishing redundant checks
B Efficiency is not necessarily considered as the sole improvement yardstick
C Tasks are possibly outsourced to either suppliers or customers
Q: The throughput time of a process tells you
A The minimum time a unit takes to go through the process
B The output of the process considering all its stages
C The working capital tied in the process from beginning to end
Q: In a backoffice insurance process insurance policies are sent to a service center for final approval. A queue often builds at this stage, with hundreds ofpolicies waiting to be processed by the service center. To reduce this queue, you would
A Simplify the insurance policy document Perplexity
B Provide customers with a clear estimate of wait times
C Apply a virtual queuing system Poe
Q: A resilient process is one where:
A Output does no
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