Spring-2015
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Master of
Business Administration- MBA Semester 2
MB0044-Production
and Operation Management-4 Credits
(Book ID:
B1627)
Assignment (60 Marks)
Note: Answer all questions within 400 words each. Each
Question carries 10 marks 6 X 10=60
Q1: Write short notes on:
1. Environmental
scanning as a basis for strategic decision making
2. Tools for
implementation of operations
3. Differentiation
strategies as a basis of decision making
4. Core
competencies as a basis of decision making.
Answer. 1.) Environmental
scanning is the
acquisition and use of information about events, trends, and relationships in
an organization's external environment, the knowledge of which would assist
management in planning the organization's future course of action. Depending on
the organization's beliefs about environmental analyzability and the extent
that it intrudes into the environment to understand it, four modes of scanning
may be differentiated: undirected viewing, conditioned viewing, enacting, and
searching.
Q2. Answer the
following questions:
a. What is
forecasting?
b. What are the
benefits of forecasting?
c. What are the
cost implications of forecasting?
d. List the
different types of forecasting methods.
Answer. a). Forecasting
is a
decision-making tool used by many businesses to help in budgeting, planning,
and estimating future growth. In the simplest terms, forecasting is the attempt
to predict future outcomes
Q3. Describe the
process of value analysis.
Answer. Generally the
process of value analysis can be
divided into the following four steps:
1. Data
gathering.
2. Analysis
and valuation of functions.
3. Idea
generation and evaluation of substitutes.
Q4. What do you
understand by “line balancing”? What happens if line balance does not exist?
Q5. Explain the steps to set data in
logical order so that the business process may be defined. List the ingredients
of a business process.
Q6. Describe the
post implementation review of a project. Explain the tools that may be considered
for post implementation review.
Answer. Project
Completion is not the end to the project management process. Finishing a project
doesn't ensure that benefits from the project's outcome have been
achieved. Also there is a need to ensure
that the lessons learned during the project are not forgotten. More effective
design and execution of future projects can be achieved when
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