MB0044-Production and Operation Management

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

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 based on past events and management insight.

There are two forecast types: judgment-based (e.g.

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

Q4. What do you understand by “line balancing”? What happens if line balance does not exist?

Answer. Line balancing - A production strategy that involves setting an intended rate of production for required materials to be fabricated within a particular time frame. In addition, effective line balancing requires assuring that every line segment's production quota can be met within the time frame using the available production capacity. Line Balancing is leveling the workload across all processes in a cell or value stream to remove bottlenecks and excess capacity. A constraint slows the process down and results if waiting for

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.

Answer. Logical Process Modeling

It is the representation of putting together all the activities of business process in details and making a representation of them. The initial data collected need to be arrange in a logical manner so that, links are made between nodes for making for the workflow smooth. The steps to be followed to make the work smoother are given below:

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 advantage of lessons learned through experience of previous projects becomes part of corporate knowledge. Conducting a timely and thorough Post Implementation Review (PIR) will help identify

Spring-2015

Get solved assignments at nominal price of Rs.120 each.

Mail us at: subjects4u@gmail.com or contact at

08894344452, 08894387490