Review for final in isqs 5343
Download
1 / 64

Review for Final in ISQS 5343 - PowerPoint PPT Presentation


  • 98 Views
  • Uploaded on

Review for Final in ISQS 5343. Final will take place: Friday, August 9, 2013, 11:00 am – 1:30 pm, this room. Format. 85 multiple choice worth 50% 30 of these are from previous segments of the course 5 discussion problems worth 50% All of these will be taken from project management

loader
I am the owner, or an agent authorized to act on behalf of the owner, of the copyrighted work described.
capcha
Download Presentation

PowerPoint Slideshow about ' Review for Final in ISQS 5343' - quinn-armstrong


An Image/Link below is provided (as is) to download presentation

Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author.While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server.


- - - - - - - - - - - - - - - - - - - - - - - - - - E N D - - - - - - - - - - - - - - - - - - - - - - - - - -
Presentation Transcript
Review for final in isqs 5343

Review for Final in ISQS 5343

Final will take place:

Friday, August 9, 2013,

11:00 am – 1:30 pm, this room


Format
Format

  • 85 multiple choice worth 50%

    • 30 of these are from previous segments of the course

  • 5 discussion problems worth 50%

    • All of these will be taken from project management

  • exam is closed notes/closed book

  • Exam will be comprehensive


Bring
Bring

  • Pencils

  • Calculator

  • Orange Scantron sheet


Content
Content

  • We have covered Chapters 2,3,4,6,7,9,10,11,12,13,14,15

  • material on project management

  • Goldratt’s Critical Chain

  • 3/4ths of the test material will come from the last fourth of the course—

Project Management


Possible discussion questions
Possible Discussion Questions

  • Name ten characteristics of a project

  • Successful project management entails what exactly

  • Name four stages of the project lifecycle

    • Show their sequence

  • Why is project management important

  • Name four core knowledge areas

  • Name four facilitating knowledge areas


More discussion questions
More discussion questions

  • What is the ninth knowledge area and what is its purpose

  • Name some things we do poorly in projects

  • What term do we use to describe an event at which a major deliverable is completed?

  • What device or construct is often used to initiate a project?

  • What steps are used to launch critical chain project management?


Typical discussion problems
Typical discussion problems

  • Construct an activity on node network chart from a table; Determine duration, ES, EF, LS, LF and mark the critical path

  • Perform earned value analysis:BCWP, BCWS, ACWP, CV,SV///EV, PV, AC, CI, SI

  • Perform crashing of networks


Why has project management become so in vogue
Why has Project Management become so in-vogue?

  • Diversity of new products and product markets

  • Shorter life span of products

  • Rapid technological changes


What are the major reasons for project failure
What are the major reasons for project failure?

  • Inadequate conceptualization and definition

    • Specifically, inadequate requirements

  • Absence of a plan

  • Unavailable resources when needed

  • Scope and hope creep

  • Unresponsive contractors who deliver their product late


What are the four stages of the project lifecycle
What are the four stages of the project lifecycle?

  • Conceptualization and Definition

  • Planning and Budgeting

  • Execution and Control

  • Termination and closure


In which of these stages is a wbs started
In which of these stages is a WBS started?

  • Conceptualization and Definition

    • First 3 levels

  • {The WBS is usually finished in the Planning and Budgeting stage}


What are the nine knowledge areas

Scope management

Time management

Cost management

Quality management

Integration management

Risk management

Procurement management

Human resource management

Communications management

What are the nine knowledge areas?


In which stage is scope management most important
In which stage is scope management most important?

  • The first stage: Conceptualization and Definition

  • In which stage should the WBS be started? Is should be completed in the second stage—Planning and Budgeting

  • In which stage should crashing be done?—second stage, at the end


Define activities is
‘Define activities’ is ___

  • a subproject

  • a process

  • a problem

  • a plan

  • WHICH???



Project scope management processes
Project Scope Management Processes

  • Collect Requirements

  • Define Scope

  • Create WBS

  • Verify Scope

  • Control Scope


Project time management processes
Project Time Management Processes

  • Define Activities

  • Sequence Activities

  • Estimate Activity Resources

  • Estimate Activity Durations

  • Develop Schedule

  • Control Schedule


Project cost management processes
Project Cost Management Processes

  • Estimate Costs

  • Determine Budget

  • Control Costs


Project quality management processes
Project Quality Management Processes

  • Plan Quality

  • Perform Quality Assurance

  • Perform Quality Control


The main purpose of a project plan is
The main purpose of a project plan is ____

  • acquire resources

  • guide project execution.

  • meet standards expectations.

  • reduce risk.


The most important output of project execution is
The most important output of project execution is

  • Work products

  • Not---change requests

  • Not—the WBS


The principle
The Principle…

  • That work tends to fill up the time allotted to it is known as…..

Parkinson's Law


Most core knowledge areas have a
Most core knowledge areas have a

  • Planning process

  • And a

  • Control process


During the
During the …

  • Conceptualization and definition stage, it is important that the project manager get

Consensus and Cohesion


What are the five steps of the theory of constraints goldratt
What are the five steps of the Theory of Constraints (Goldratt)?

  • IDENTIFY the project constraint

  • Decide how to EXPLOITE that constraint

  • SUBORDINATE everything to that decision

  • ELEVATE the system’s constraint

  • Go back to step a


NOT… (Goldratt)?

  • SUBORIDNATE that decision to everything else


According to goldratt
According to Goldratt… (Goldratt)?

  • Team players put too much ____ into their estimated durations

Safety


As goldratt sees it
As Goldratt sees it, …. (Goldratt)?

  • The ultimate constraint in projects is….

Critical Chain


Which of the following does goldratt regard as a positive thing
Which of the following does Goldratt regard as a positive thing

  • Safety

  • Multitasking

  • Student syndrome

  • Win/win contracting

  • None of the above


An activity has probabilistic completion times of 20, 50 and 80 for the optimistic, most likely and pessimistic durations.

What is the average time (duration) assuming a beta distribution?

  • 30

  • 40

  • 50

  • 60

  • 70


You should know
You should know 80 for the optimistic, most likely and pessimistic durations.

  • How to construct a NETWORK chart from a table

  • How to construct a Gantt chart from a table

  • How to perform NETWORK crashing

  • How to do EVA


A work package
A work package… 80 for the optimistic, most likely and pessimistic durations.

  • Has $100,000 budgeted for it

  • Is 50% complete

  • What is its BCWP = EV??

  • $30,000

  • $40,000

  • $50,000

  • $60,000


A task with a 10 000 budget has a start date in the future
A task with a $10,000 budget has a start date in the future 80 for the optimistic, most likely and pessimistic durations.

  • Its BCWS is

    • $0

    • $5,000

    • $10,000

    • Can’t be determined


A task with a 10 000 budget has a stop date in the past
A task with a $10,000 budget has a stop date in the past. 80 for the optimistic, most likely and pessimistic durations.

  • Its BCWS is$0$5,000$10,000Can’t be determined


A task with a 10 000 budget and a 6 day duration has just finished day 3
A task with a $10,000 budget and a 6 day duration has just finished day 3

  • Its BCWS is$0$5,000$10,000Can’t be determined


A task has a budget of 20 000 and a scheduled duration of 5 days
A task has a budget of $20,000 and a scheduled duration of 5 days

  • What is its daily burn rate?

  • If the project is 20% complete what is its BCWP?

  • If day three has just transpired, what is the BCWS?

  • What is the task’s SV (schedule variance)

  • Is the task ahead or behind schedule???


Questions about ms project
Questions about MS Project days

  • Which key for subordination

  • Which key for linking

  • How to view project duration and cost on the project information dialog box

  • How to see all of the activity costs


For ms project to cost your project it needs to know
For MS Project to cost your project, it needs to know days

  • Resource hourly costs

  • Activity fixed costs

  • THIS IS ALL


In ms project durations costs of phases summary tasks
In MS Project, durations/costs of phases (summary tasks) …..

  • Containing one or more subordinate tasks can be specified only by MS Project


Task info is entered in which view of ms project usually
Task info is entered in which view of MS Project, usually?? …..

  • The Gantt view, using the entry table


When using the standard calendar ms project assumes
When using the standard calendar, MS Project assumes …..

  • 8-hour work days

  • No work on Sat or Sun


Questions over critical chain
Questions over …..CRITICAL CHAIN

  • Major conclusions, recommendations

  • Goldratt’s view of EVA

  • What to Measure

  • What to Focus on


More questions on critical chain
More Questions on CRITICAL CHAIN …..

  • To avoid non critical paths from becoming critical you should…

  • Critical chain is the sequence of tasks performed by key persons both on and off the critical path


Measurements should
Measurements should …..

  • Induce the parts to always do what is good for the system as a whole


Why does goldratt not like bcwp bcws acwp
Why does Goldratt not like BCWP, BCWS, ACWP? …..

  • Because they have no sensitivity to the critical path


If you have a task on the critical path and
If you have a task on the critical path and ….. …..

  • Your time to complete that task has arrived, then Goldratt recommends that you drop everything and just focus on that task until you get it done!!


Notes on shortening project durations
Notes on shortening project durations …..

  • This should be done in the Planning and Budgeting stage

  • Crashing

    • Reducing the duration of tasks on the critical path

  • Fast-tracking

    • Starting tasks sooner

  • Adding resources??

  • Checking for parallelism opportunities in the schedule

    • Pull as much work off of the critical path as you can


More tips on shortening project durations
More Tips on shortening project durations …..

  • REUSE, REUSE, REUSE

  • Do it right the first time

  • Avoid changes to requirements


More techniques for shortening projects
More techniques for shortening projects …..

  • Scrub the requirements

    • Remove from the requirements those items that add little or no value

    • Remember the Pareto principle—80% of the value comes from 20% of the functionality

  • Do everything right the first time (AGAIN)

  • REMOVE SAFETY--GOLDRATT


For each chapter
For each chapter…. …..

  • Skim the chapter

  • Examine the SUMMARY and the SUMMARY OF KEY TERMS SECTIONS at the end of each chapter


Chapter 2 operations strategy
Chapter 2: Operations Strategy …..

  • Know the four operation types

  • Know the three types of make-to

  • Know the difference between core competencies and support competencies


Chapter 3 quality management
Chapter 3: Quality Management …..

  • Name three quality gurus

  • Describe the relationship between TQM and continuous improvement

  • Understand the costs of quality

  • What is the relationship between quality and productivity?

    • Remember the yield formula??


Chapter 4 statistical quality control
Chapter 4: Statistical Quality Control …..

  • Know p-charts, c-charts, xbar-charts, rbar-charts

  • Which of these are used for attributes, which for variables?

  • Will not test you on AOQ, LTPD

    • {old antiquated concepts}


Chapter 6 processes and technologies
Chapter 6: Processes and Technologies …..

Quality Function Deployment

House of Quality


Chapter 6 cont d process planning analysis
Chapter 6, Cont’d: Process Planning, Analysis… …..

  • Process analysis, flowcharts

    • SYMBOLS: Operation, Inspect, Transport, Delay, Storage

  • Flexible Manufacturing Sys, Robotics

  • IT: ExNETWORK Systems, Decision Support Systems

  • CIM


Reengineering design principles
Reengineering design principles …..

  • Eliminate handoffs

  • Organize around outputs

  • Capture information once at the source

  • Eliminate multiple external contact points

  • Simplify work


Chapter 10 supply chain management
Chapter 10: Supply Chain Management …..

  • Logistics by any other name

  • IT Integration

  • The bane of SCM is ______?


Chapter 13 capacity planning aggregate production planning
Chapter 13: Capacity Planning & Aggregate Production Planning

  • Long-range planning

  • Medium range planning—aggregate prod planning

  • Short-range planning


Chapter 12 inventory management
Chapter 12: Inventory Management Planning

  • Basic EOQ model

  • Basic re-order point model

  • All units price discounting


Chapter 15 just in time and lean production
Chapter 15: Just-in-time and Lean Production Planning

  • Name five approaches to leanness…

  • What does SMED mean?

  • How can small lots be made economically effective?


Chapter 14 enterprise resource planning
Chapter 14: Enterprise Resource Planning Planning

  • ERP Implementation is _____

  • MRP assumes ________ demand

  • MRP is An ____________ system

  • Inputs to MRP: MPS, Inventory Master file, Bill of materials (product structure file)

  • Outputs: Purchase orders, shop orders

  • Taken by itself, is MRP at all sensitive to capacity??


Chapter 9 project management
Chapter 9: Project Management Planning

  • Probabilistic NETWORK—be able to find the mean and standard deviation when given an optimistic, most likely and pessimistic estimate

  • BE able to calculate project duration, project variance for NETWORK project TASKS


Network diagrams drawn by commercial software
Network diagrams, drawn by commercial software Planning

  • Do they use

    • Activity-on-Node, or

    • Activity-on-Arrow representations?


That s all folks
That’s all folks Planning

  • {I enjoyed having you as a class—one of the better classes I’ve had)


ad