Project Management • • • • • Introduction to project management Critical path method (CPM) Crashing Uncertain activity durations Reading: Page 760 – 794 Project • Project: – A special type of process / transformation – A series of related jobs directed toward some major output – Require time and resources – Examples • MS Windows 2000‚ Fund raising‚ Preparation for a private party‚ Building a new airport… The Campus Wedding Reserve Church (1) Church Notice (17) 1 Decorate Church
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is based on the assumption that the future will be an extrapolation of the past. Judgmental forecasting relies upon opinions and expertise of people in developing forecasts. Chapter 12 What is inventory management and why is it important? Be very detailed and specific. Inventory management is the planning‚ coordinating and controlling the acquisition‚ storage‚ handling‚ movement‚ distribution‚ and sale of raw materials‚ component parts‚ and subassemblies‚ supplies and tools‚ replacement parts
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Importance of Operation Management and its Key Elements WH Smith is a British retailer‚ well-known and publically-quoted book retailer‚ and newsagent and entertainment product in the UK. Recently it was reported how Kate Swann‚ the former CEO for the last 10 years‚ has turned the company around from £135m losses to £106m profit in a decade (Holland). The reason behind this profit is the right decision of Kate Swann. Now let’s see what she did to make WH Smith profitable (Creevy). 1.1 Operation Management
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Supply Chain Management of Ford Motor Company As the second-largest automobile company in the world‚ Ford Motor Company represents a $164 billion multinational business empire. Known primarily as a manufacturer of automobiles‚ Ford also operates Ford Credit‚ which generates more than $3 billion in income‚ and owns The Hertz Corporation‚ the largest automobile rental company in the world. The company manufactures vehicles under the names Ford‚ Lincoln‚ Mercury‚ Jaguar‚ Volvo‚ Land Rover‚ and Aston
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Operations Management at Rolls Royce: Automobile sector is one of the most competitive and technological driven sector of the world‚ taking an advantage edge on Innovation and technology the automobile companies such as Ford‚ Honda‚ BMW etc. have successfully implemented these changes into its product as well process and introduced differentiated product in the market. To remain competitive‚ it is important for the organization to focus on its operations and supply management with which they are
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Hong Kong Environment Light Sound Temperature Humidity Man Machine/Technology Posture Fatigue Physical comfort 1 A little about me … • Calvin Or • Assistant Professor‚ Dept of IMSE • BEng.‚ Industrial Engineering & Engineering Management • MSc‚ Industrial Engineering • PhD‚ Industrial & Systems Engineering Contact Information – Tel: 2859-2587 – Email: klor@hku.hk – Office hour: By appointment 2 Course syllabus 3 About my teaching and class • Teaching is about sharing
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Henry VIII‚ the notorious King of England‚ had an exceptionally significant influence on English history. The importance of Henry’s eminent reign is typically overshadowed by his six wives‚ but to discover its true essence one must breach the barriers yielded by the many fallacies concerning his overly publicized liaisons. Although to many he is remembered solely for his hedonistic life style‚ his malicious attitudes‚ and of course his six wives‚ Henry was well-educated and an adept ruler. He exuded
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http://fp05-527.web.dircon.net/ikea_company_profile.html Profile: ikea IKEA is the world’s most successful mass-market retailer‚ selling Scandinavian-style home furnishings and other house goods in 230 stores in 33 countries and hosting 410 million shoppers per year. An acronym for founder Ingvar Kamprad and his boyhood home of Elmtaryd‚ Agunnaryd‚ IKEA began operating in Sweden in 1943 and continues its original ethos based upon cost obsession fused with design culture. No design‚ no matter
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TRUE or FALSE 1. T F It is impossible to develop a process that has zero variability. 2. T F Assignable variations in a process are also called natural variations. 3. T F An x-bar chart would be appropriate to monitor the number of defects in a production lot. 4. T F The central limit theorem provides the statistical foundation for control charts. 5. T F If we are tracking quality of performance for a class of students‚ we should plot the pass/fail result on a p-chart. 6. T F Sample
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Operations management and operations strategy are two very important undertakings for any company that is involved in the production of products and services. This is because operations management ensures that raw materials are successfully converted to finished goods‚ while operations strategy makes sure that whichever goods or services produced have a competitive advantage over similar products offered by rival companies. It is from the business strategy that the operations strategy is derived
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