Network diagram in which arrows designate activities

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Reference no: EM132238251

1. Activity -on-node (AON) is a network diagram in which arrows designate activities. AON is same as Activity-on-Arrow.

True

False

2. Program evaluation and review technique (PERT) and Critical Path Method (CPM) were both developed in 2000 to help managers schedule, monitor, and control large and complex projects.

True

False

3. Although the term products often refers to tangible goods, it also refers to offerings by service organizations.

True

False

4. The management of projects involves three phases Planning, Scheduling and Supply Chain.

True

False

5. There are 5 Steps in determining the Forecasting System and they are as follows: 1 Determine the use of the forecast: 2. Select the items to be forecasted: 3. Determine the time horizon of the forecast: 4. Select the forecasting model(s): 5. Gather the data needed to make the forecast: 6. Make the forecast. 7. Validate and implement the results.

True

False

6. Definition of Operations management (OM) is the set of activities that creates value in the form of customer service and management by transforming businesses into successful companies.

True

False

7. Because most products have a limited and even predictable life cycle, companies must constantly be looking for products and maintaining it rather than to design new products, develop, and marketing it.

True

False

8. CPM works with fixed activity time, and PERT works with estimated activity time.

True

False

Reference no: EM132238251

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