8. Exercises 1. How does filling a product line help the company retain customers? 2. Why do companies think of line extensions or product withdrawals and not go in for Product line modernisation? 3. If the company withdraws a product is it necessary for it to have another product to fill its place? If yes why and if no why not? 4. Why must a company analyse the line vulnerability? What would happen if they were not to undertake such an analysis?
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- building project failures Exactracted from (News 24,2021) with reference to case study provided the 1.1criically discuss the primary reason contributing to failure of building 1.2 in reference to the reasons provided in question 1.1 above, discuss the impact of project failures and suggest solution that can be considered by project managers to mitigate against future project failures 1.3 with reference to construction project,critically discuss the contents of a project quality plan. your response should refer to reference to revent examples1. ______ estimate is based on cost per usable unit from past projects. A. Unit price estimate B. ROM (Rough Order of Magnitude) estimate C. Assemblies estimate D. SF estimate with modeled SF cost data 2. The assemblies estimate adjusts for quality by _______. A. The specific method or material chosen B. The use of ¼, median, and ¾ prices C. The use of quality indices D. The use of the cheapest materials 3. Which of the following estimate is typically used for Value Engineering? A. Unit price estimate B. Assemblies estimate C. ROM (Rough Order of Magnitude) estimate D. SF estimate with modeled SF cost data 4. UNIFORMAT is based on ______, and MasterFormat is based on ________. A. Type of fundamental materials, and type of materials B. Volume of each space, and area of living space C. Materials, and type of occupancy D. Functions of building component, and work results(1) What currently unavailable service can you think ofthat could be offered on mobile phones? (2) Inaddition to the mobile phone itself, what other productelements (such as a website or phone accessories)would be required to launch such a service?
- What is educational about the article Wall Street Journal The Secret Oil-Trading Ring That Funds Russia’s War by by Joe Wallace? What is interesting about the article Wall Street Journal The Secret Oil-Trading Ring That Funds Russia’s War by by Joe Wallace? What is insightful about the article Wall Street Journal The Secret Oil-Trading Ring That Funds Russia’s War by by Joe Wallace? Article Link: The Secret Oil-Trading Ring That Funds Russia’s War -6.Differentiate one of these risk assessments that may be affected by psychological, ideological, religious orotherwise subjective factors, which impact rationality of the process.A. Individual risk assessmentB. Systems risk assessmentC. Simple risk assessmentD. All the above 7.All the statements below involve Risk mitigation EXCEPT A. Obtaining insurance against lossB. Developing system standards (policies, procedures, responsibility standards)C. Performing contingent planningD. Identification of project risks 8.Choose the TRUE statements regarding Risk Assessment.I. Identify hazards and risk factors that have the potential to cause harm.II. A source or a situation with a potential for harm in terms of human injury or ill health.III. Possibility of suffering harm or injury.IV. Analyze and evaluate the risk associated with that hazard. A. I, III & IVB. I & IIIC. I & IVD. I, II & IV 9.Identify two correct answers for Hierarchy of ControlI. EliminationII.…a. What level of incremental sales should the company analyst attribute to the new line of baked chips? b. Assume that 20 percent of Morten's existing customers are actively looking for a healthier snack alternative and will move to another company's baked chip offering if Morten does not introduce the new product. What level of incremental sales would you attribute to the new line of baked chips in this circumstance?
- Kindly answer Question 2 from the given case study using the provided information of step 5 and following the info mentioned in table 7.7,7.8 The following information can help in answering: Some of the qualitative criteria that a company might use to evaluate Request for information (RFI) An inquiry to a potential sup- plier about that supplier’s prod- ucts or services for potential use in the business. The inquiry can provide certain business requirements or be of a more exploratory nature. Multicriteria decision models Models that allow decision makers to evaluate various alternatives across multiple decision criteria. suppliers include:9 • Process and design capabilities. Since different manufacturing and service processes have inherent strengths and weaknesses (Chapter 3), the buying firm must be aware of these characteristics up front. When the buyer expects suppliers to perform compo- nent design and production, it should also assess the supplier’s design capability. One way…4-1 Extent versus Discrete Problems Identify which of the following are extent decisions. a. Decide whether to expand an existing product into a new region. b. What discount should be given on products during the upcoming holiday sale? c. Should the advertising budget be changed for the upcoming year? d. Should you develop a new product for an existing product line?BSOP 588 Managing QualityAll Assignments Course Projects, Midterm and Final ExamWeek 2 Course Project:BSOP 588 Week 2 Project Proposal (Toyota Motor Corporation)Week 3 Assignments:Week 3 Paper; Measuring Customer Service – MCS (Jan 2013)Week 3 Paper; Measuring Customer Satisfaction (July 2014)Week 4 Midterm ExamSET 1Page 1Question (TCO A) Compare and contrast the evolution of quality and the role it played in the management of U.S. and Japanese business firms from the 1950s to the present.Question (TCO B) Compare and contrast the following definitions of quality. Definition 1: Quality is the totality of features and characteristics of a product or service that bears on its ability to satisfy given needs. Definition 2: Quality is meeting or exceeding customer expectations.Question (TCO A) Explain the three core principles of total quality.Question (TCO H) Identify and discuss five differences between service and manufacturing organizations.Question (TCO B) Cite two ways that the…
- 3. Following COSO Framework, the board's responsibilities for effective reporting of risks should include which of the following? a. Inserting specific engagements relating to risk management into the annual audit plan b. Assuring success in management of key risks c. Selecting the specific techniques regarding event identification to be considered in the risk management process d. Regularly reviewing the key risks against risk appetiteKloppenborg et al. (2018:392) defines project quality as characteristics of a product or service that bear on its ability tosatisfy stated or implied needs. Judging from the case study, the quality of the Harmon Hotel project has a lot to be desired. Using the core value of Total Quality Management (TQM), critically discuss how the Harmon Hotel project manager couldhave better managed the quality of the project. Ensure that each value is discussed in detailProblem 1Human visual inspection is necessary in many quality engineering contexts and is naturallysubject to subjectivity. This is especially true for the inspection of solder joints on circuit boards,as there are numerous types of solder defects, as well as a degree to which a joint possessesone or more defect. Consequently, even highly trained inspectors can disagree on the status ofa particular joint. In a batch of 10,000 such joints, inspector A found 724 to be defective,inspect B found 751 to be defective, and 1159 of the joints were judged to be defective by atleast one of the inspectors. Suppose that one of the 10,000 joints is randomly selected.a. What is the probability that the selected joint was judged to be defective by neither ofthe two inspectors?b. What is the probability that the selected joint was judged to be defective by inspector Bbut not by inspector A?