Engineering Management Flashcards
Acid test ratio
Quick ratio
Management is a/an ____
Art
Engineering is a/an ____
Science
Engineers can become good managers only through ____
Effective career planning
Management function which refers to the process of anticipating problems, analyzing them, and determining actions what will lead to the desired outcomes and goals
Planning
Establishing interrelationships between people and things in such a way that human and material resources are effectively focused toward achieving the goal of the company
Organizing
Management function involving selecting candidates and training personnel
Staffing
Management function involving orienting personnel in the most effective way and channeling resources
Directing
Management function which checks for deviation of actual performance from the original plan and takes corrective action
Controlling
Management function which encourages others to follow the example set for them, with great commitment and conviction
Leading
Principal function of lower management to instill in the workforce commitment and enthusiasm for pursuing the goals of the organization
Motivating
Collection of tools and techniques that are used on a predefined set of inputs to produce a predefined set of outputs
Project Management
Which is NOT an element of the project management process:
Data and information
Research and development
Decision making
Implementation and action
Research and development
Most essential attribute of a project manager
Leadership
Provides a simple yet effective means of monitoring and controlling a project at each stage of its development
Life cycle model