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Management Studies

1. With respect to the process for developing a cost baseline, all of the following statements are true except:

A. This process assigns cost estimates for expected future operating costs.

B. The cost baseline is the time-phased budget at completion for the project.

C. This process aggregates the estimated costs of project activities.

D. The cost baseline will be used to measure variances and future project performance.

2. Ten samples of n = 8 have been taken from a manufacturing process. The average of the means is 50 cm. The average sample range for the 10 samples was 15 cm.

a. Calculate the control charts

b. One sample average is above the UCL of the X-bar chart, what should be done?

c. One sample average is below the LCL of the R chart, what should be done?

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Operation Management, Management Studies

Category:- Operation Management
Reference No.:- M92030841

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