SU7 - Micro Factors - Technological Risk Management

Question 1

There are 3 primary technology types. Name them.

Answer 1

1. Information Technology
2. Communication Technology
3. Control Technology.

Question 2

Information Technology is the collection, storage, processing and communication of information by electronic means. The IT tools includes the following…

Answer 2

1. Software applications
2. Management information systems.
3. Intranets
4. Telematics
5. Information assets

Question 3

Control Technology consist of computer-based production control systems, which include the following:

Answer 3

1. Computer Aided Design (CAD) - increase flexibility and speed.
2. Computer Aided Manufacture (CAM) - improves speed and quality and reduces cost.
3. Flexible Manufacturing Systems (FMS)
4. Mechanics - combination of microelectronics, mechanical engineering and computer technology
5. Manufacturing Resource Planning - eg. a inventory management system
6. Operation Research