Exam 6: The Basics of Planning and Project Management

C objectives are in the "nice to do" category in the A-B-C priority system.

Which sort of uncertainty relates to being unable to predict the consequences of a particular decision?

The initial step in the management by objectives (MBO) cycle is setting objectives.

On a Gantt chart, planned as well as actual progress can be plotted.

Monitoring performance, step two in the management by objectives (MBO) cycle, is the most important step.

According to research, three types of environmental uncertainty that people perceive are state, effect, and response uncertainty.

Long-range organizational objectives should be listed in order of their priority.

PERT is most appropriate for

Whole Foods Co-founder, John Mackey said the world changes so quickly that business is like white water kayaking, you need to be in the flow and navigate and contribute to your own creativity... This comparison demonstrates Mackey's understanding of which management function?

_________ decisions are a major component of all flow charts?

Planning should be a springboard to success, not a barrier to creativity.

To calculate PERT times, two different time estimated 3/4 optimistic and pessimistic 3/4 are used.

Program evaluation and review technique (PERT) is more commonly used for simple projects, while a Gantt chart is used for more complex projects.

Facebook founder, Mark Zuckerberg, used ____________ as one of his primary tools for idea generation and planning.

Your friend Shawn is trying to schedule a six-member team project for his management class where the assignment is to create a customer service training video. He is trying to use a flow chart. How would you explain to him that a Gantt chart would be more useful?

Memory on the Move Memory on the Move is a manufacturer of USB flashdrives, and is in the midst of a labor-management contract negotiation for the coming three years. In a meeting on management's side, Michael, the human resources manager, is wondering if they are facing a labor strike. Rachel, the operations manager, argues that even if management offers a compromise, she is not sure how the labor representatives will react. Being new in the position, Michael suggests that Memory on the Move should follow their two main competitors in the industry and copy their labor agreement. Rachel disagrees and suggests waiting. Rachel argues that if the union actually goes on strike and the company suffers from declining production, then maybe the company should offer a compromise. Vanessa, CEO and president, after hearing all sides gave her perspective and recommendation. Vanessa proposed that the company should quickly settle with the union and focus on being a technology leader in the industry. -Refer to Memory on the Move. Rachel's suggestion exhibits which organizational response to the labor uncertainty?

____ planning involves determining how specific tasks can best be accomplished on time with available resources.

Project management is a new concept for construction companies and Hollywood moviemakers.

Veronica Gilbert is an accountant for a surf shop that is expanding their retail store locations. Her supervisor has assigned her the responsibility to complete the loan application to obtain financing from the bank to begin their expansion within six months. What type of priority is this?

Management by objectives (MBO) proponents believe that effective leadership and greater motivation are the natural by-products of a proper MBO system.