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OPM Sheet - Activity smallest unit of w ork effort...

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Activity’ –’ smallest’unit’of’work’effort’consuming’time’and’resources’that’can’be’planned’and’controlled.’ Activity’on’Node’Method’ –’ network’convention’in’which’nodes’designate’activities.’ Activity’on’arrow’Method’ –’ network’diagram’convention’in’which’arrow s’designate’activities. ’ Appraisal’Costs’ –’ incurred’when’firm’assesses’ level’of’performance’of’its’processes.’As’prevention’and’performance’improve,’appraisal’decrease. Assignable’Cause’ -’ variation’that’can’be’identified’and’eliminated,’can’be’modified’thr ough’operator’or’management’action.’ Attributes’ –’ characterists’that’can’be’counted’(good,’bad,’yea,’no) Capacity’management’ –’ to’achieve’match’ between’long -term’supply’capabilities’and’predicted’level’of’long -run’demand.’ capacity’planning’(long -term)’econom ies’and’diseconomies’of’scale,’capacity’timing’and’sizing’strategies,’systematic’approach’to’capacity’decisions’or’constraint ’ management’short’term,’theory’of’constraints,’identification’and’management’of’ bottlenecks,’product’mix’decisions’using’bottleneck s,’managing’constraints’in’a’line’process.’ Capacity’ –’ upper’limit’or’ceiling’on’the’load’that’an’operating’unit/system’can’handle’ –’ ( Design’capacity’ –’ maximum’output’rate’or’service’capacity’an’operation,’process,’or’facility’is’designed’for.’ Defect’ –’ when’ a’process’fails’to’satisfy’a’ customer. Economies’of’Scale’ -’ If’output’rate’is’less’than’the’optimal’level,’increasing’the’output’rate’results’in’decreasing’average’per’unit’cost’ –’ spreading’fixed’costs,’reducing’construction’costs,’cutting’costs’of’purcha sed’materials,’finding’process’advantages. Effective’capacity’ –’ design’capacity’minus’unavoidable’allowances,’such’ as’setup’time’and’maintenance’time,’capacity’a’firm’can’produce’given’its’quality’level,’methods’of’scheduling’(product’mix,’ and’maintenance. ) Competitiveness’ –’ how’effectively’organization’meets’wants’and’needs’of’customers’relative’to’others’offering’similar’goods/services.’ Common’cause’ –’ variation’that’is’random,’unidentifiable’ and’unavoidable,’inherent’and’can’be’eliminated’only’through’ improvements’ in’the’system. Core’competencies’ –’ workforce,’ facilities,’market’and’financial’know’how,’systems’and’technology. Core’Process’ –’ set’ of’activities’that’delivers’value’to’external’customers.’ Corporate’Strategy’ –’
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