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| Section | Weight | Objectives |
|---|---|---|
| Topic 1: Forecasting and Project Management | 20% | - Demand Forecasting
|
| Topic 2: Capacity Planning and Facility Layout | 15% | - Layout Design
|
| Topic 3: Quality Management Methods | 25% | - Total Quality Management (TQM)
|
| Topic 4: Supply Chain and Inventory Management | 20% | - Inventory Control
|
| Topic 5: Process Design and Analysis | 20% | - Process Performance
|
1. A company's monthly widgets demand has been consistent for the past few years but now a variable shift in demand is forecasted.
The demands are predicted to be:
* January: 20,000 units
* February: 17,000 units
* March: 19,000 units
* April: 21,000 units
* May: 22,000 units
* June: 24,000 units
Beginning inventory of 10,000 units should be maintained.
What is the average monthly net widget production demand for the company?
A) 22,167
B) 21,667
C) 20,000
D) 20,500
2. Which project life cycle phase includes identifying the need for a project?
A) Feasibility analysis
B) Conception
C) Planning
D) Execution
3. What is meant by "duration of the change"?
A) The percentage of normal operating capacity
B) The fiscal impact of the change on the strategic plan
C) The size of the change needed
D) The length of time one expects to need the different level of capacity
4. A company decides and makes plans to enter into a new market.
Which project life cycle phase does this strategy directly relate to?
A) Feasibility analysis
B) Conception
C) Planning
D) Execution
5. Which concept of variation measures the central tendency of a set of data?
A) Mean
B) Standard deviation
C) Variable
D) Range
Solutions:
| Question # 1 Answer: D | Question # 2 Answer: B | Question # 3 Answer: D | Question # 4 Answer: B | Question # 5 Answer: A |
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