WHAT IS PROJECT MANAGEMENT?
The high-impact project is the gem . . . the fundamental nugget . . . the
fundamental atomic particle from which the new white collar world will be
constructed and/or reconstructed. Projects should be, well, WOW!
In considering what forecasting approach to use, it is important to consider the
purpose of the forecast. Some forecasts are for very high-level demand analysis.
What do we expect the demand to be for a group of products over the next year, for
Notes Operation Management Chapter 2
Shareholders are owners of the company that own stock in it.
Stakeholders are those individuals that are influenced by the company either directly or indirectly. By the
actions of the firm.
This goes beyond just profit
Step 1. Use forecasting techniques to predict sales for individual products
within each product line. The marketing department, which is now running a
promotional campaign for Newmans dressing, provided the forecast demand
values (in thousands) gi
Chapter 6 Operations Management
The high-level view of what is required to make something can be divided into
three simple steps. The first step is sourcing the parts we need, followed by
actually making the item, and then sending the item to the customer
Australia is a country located in the Southern Hemisphere near Indonesia, New Zealand, Papua New
Guinea and Vanuatu. It is an island nation that makes up the Australian continent as well as the island of
Tasmania and some other small islands
A project to build a new bridge seems to be going very well since the project is well ahead of
schedule and costs seem to be running very low. A major milestone has been reached where the
first two activities have been totally completed and the third acti
J404 Business and Society
Dr. Eric Coulter
HANDS ON EXERCISE 3
1. Develop a list of five criteria that describes your employer of choice.
Community and diversity within coworkers
Great leaders and managers that make me feel appreciated, respected
1. What is workforce reduction? How does it affect employees, consumers, and
the local community? What steps should a company take to address these
Workforce reduction is the dismissal of employee positions. Companys
seeking to decrease
Use the tables in your book to help you work on these questions.
1. X is a normally distributed random variable with a mean of 50 and a standard deviation of
5. Calculate the following.
What is the formula to calculate a z-score?
What is the var