Practice 10 questions on OPT22B2 - Operations Management Techniques 2B at University of Johannesburg. Free AI-generated quiz on uNotes — track your score, retake anytime.
What type of risk management category involves financial losses caused by internal systems, personnel, or process failures that impair daily corporate operations?
2According to the course material, which technique changes large project activities into chunks of manageable tasks that a team can easily understand?
3In the comparison between PERT and CPM, which of the following is a characteristic specifically attributed to PERT?
4Which phase of the project life cycle involves setting up change management processes, establishes communication standards, and calculates risk forecasting?
5Which evaluation technique involves multiplying the cost of each potential consequence by the likelihood that it will actually happen?
6Based on the provided management techniques, what is the primary purpose of a project 'kick-off' meeting?
7In project network calculations, if an activity has an Early Start (ES) of 60 and a Late Start (LS) of 65, what is its Slack value?
8According to the document, which project management method is described as 'Activity-oriented' and evolved from the construction industry?
9What does 'Crashing' a project specifically refer to in the context of the provided material?
10If a project has a total effort of 75 hours and is allocated 5 resources, how many weeks is the planned duration according to the provided formula?
