The best way to monitor the completion of a project＇s time and budget is

Which of the following is not generally considered as output from an MRP system?
I. Reschedule notices
II. Forecasts for items with independent demand

In a properly designed MRP system, which of the following objectives can be achieved?
I. Provide input to the capacity requirement planning module.
II. Maintain open order priorities.
III. Manage inventories properly.

Performance measures for senior managers need to be multidimensional. Which of the following best describes a multidimensional performance measure?

Tasks within and across small work groups are called:

When creating measurements, what seems to be the maximum number of measures per criteria? (e.g. Flexibility, Quality, etc)

Traditional cost systems focus on capturing direct material and direct labor costs while summarizing all other costs as a percentage of the direct labor hours. While this method of accounting conforms to GAAP (generally accepted accounting principles) accounting standards, it does not provide the necessary information for managers to effectively run their operations. Which of the following is one of the reasons traditional accounting is not useful to measure operations?

Some companies have been using a measure of profitability for their business which takes after tax profit minus the total cost of capital. The total cost of capital includes equipment, real estate, computers and other equipment which should improve productivity plus working capital such as cash , inventories and receivables. This calculation and profitability measure is known as:

Comparing the relative effectiveness of two or more businesses in performing a process by comparing the cost to perform and the level of success in execution is called:

A project justification has two objectives. One is to validate the need for the acquisition of the new technology. The second is to

Using a PERT network to manage projects generally involves a high degree of time uncertainty. To further clarify this uncertainty, the PERT team looked at time as a random variable to which statistics could be applied. Which of the following is not a time estimate to be used in solving the statistical probability of time during a project?