lesson 6

Question 1

• Process of determining and managing the resources required to meet the demand for goods or services effectively.
• Allows businesses to proactively identify potential bottlenecks or constraints in their production processes and take proactive measures to eliminate them.

Answer 1

Capacity planning

Question 2

Known as lead strategy , involves expanding production capacity in preparation for anticipated high demand.

Answer 2

Lead capacity planning

Question 3

• Involves carefully strategizing to ensure that production capacity can be increased in response to real-time demand.
• Commonly utilized in fields such as medical care, social work, or the restaurant industry, particularly in situations where individuals are “on call”.

Answer 3

Lag strategy planning

Question 4

• Involves a strategic combination of proactive capacity planning and reactive resource allocation.
• This process necessities a gradual increase in capacity through small increments until optimal resource utilization is achieved.

Answer 4

Match strategy planning

Question 5

What is the three type of capacity planning?

Answer 5

• Lead capacity planning
• Lag strategy planning
• Match strategy planning

Question 6

• When no one becomes aware of an upcoming project, it is wise to engage in a well-informed assessment of the task that need to be completed.
• This evaluation will provide valuable insight into the necessary skills and abilities required to execute the project successfully.

Answer 6

Step 1 : Forecast anticipated demand

Question 7

• Based on the initial estimates, it is important to approximate
  the capacity needed to complete the forecasted work.
• A common unit of measurement, such as hours, or a project estimation tool can be utilized for this purpose.

Answer 7

Step 2: Determine required capacity