Unit 8 Operations

Question 1

What is meant by free float

Answer 1

Is the amount of time an activity can be delayed without delaying the next activity

(EST (of next activity) -D- EST (of this activity)

Question 2

What is meant by total float

Answer 2

Is the amount of time that an activity can be delayed without delaying the finish time of the project

Question 3

Advantages of CPA

Answer 3

• Identifies the activities that have a float time
• identifies critical path of project and which activities have no float time therefore can not be delayed without delaying
• shows est and lft of all activities
• more resources to critical path from activities that have a float time

Question 4

Disadvantages of CPA

Answer 4

• Just a prediction/forecast
• Less of activities can make CPA complicated to manage
• resources may not be as flexible as project manager 1st resource

Question 5

What is operations management

Answer 5

An area of management concerned with designing and controlling the process of production and redesigning business operations in the production of services and goods

Question 6

The objectives of operations management

Answer 6

• production targets in order to meet demand
  -quality and rejection targets (reduce waste and costs)
• looking to increase productivity rates

Question 7

Factors impacting the operations objectives

Answer 7

• size and legal status of the business
• state of the economy (less demand means less production)
  -competition (less demand)
• government (change in government)
• legislation (increase tax or national insurance6