What type of forecasting technique applies a set of mathematical rules to a series of past data to predict outcomes?
Quantitative Forecasting
100
What is a numerical plan for allocating resources and specific activities?
Budget
100
What does the acronym PERT stand for?
Program Evaluation and Review Technique
100
Who makes sure the job of a project gets done during the project management process?
Project Manager
200
If an organization sells their products around the world, specifically what environmental assessment technique would be particularly important.
Global Scanning
200
How many techniques for allocating resources?
4
200
____ is a modified Gantt chart that displays the allocation of specific resources or departments, rather than tasks?
Load Chart
200
Which step in the project management process is the most time consuming?
Step 2 Identifying Activities & Resources
300
When Apple came out with the iPhone in 2007 it was the first time the multi-touch screen technology gained mainstream exposure. This took a lot of cell phone companies by surprise who went out and bought the phone so they could have their own engineers study them to learn about this new innovation. This process is called:
Reverse Engineering
300
What type of resource focus on patent, reputation & copyrights?
Intangible
300
What is the name given to the longest and most time consuming sequence of events within a PERT flowchart?
Critical Path
300
What type of Planning prepares an organization to respond coherently to an unplanned event?
Contingency planning
400
What is the process called when you compare one's business processes and performance metrics to industry bests or best practices from other industries.
Benchmarking
400
How many type of resources were mentioned in the presentation?
5
400
What analysis can be used to optimize resource allocation to maximize profits or minimize expenses using a small number of variables?
Linear Programming
400
What are the 2 types of planning tools that emphasizes flexibility, something that makes planning more effective & efficient of and organizational environment?
Project Management & Scenario Planning
500
Would customer evaluations be considered a quantitative or qualitative forecasting technique?
Qualitative
500
What type of budget project future sales?
Revenue Budget
500
What term is given to the task managers perform on a constant basis that entails: detailing what needs to be done, in what order things need to be completed, who is to do each task, and when these tasks need to be completed?