PERT analysis is based upon
Optimistic time
Pessimistic time
Most likely time
All of these
Correct Answer :
D. All of these
Related Questions
At the breakeven point,
Total cost is more than the sales revenue
Total cost is less than the sales revenue
Total cost is equal to sales revenue
Fixed cost is equal to variable cost
Which of the following statement is wrong?
An activity consumes time and resources whereas an event does not consume time or resources.
The performance of a specific task is called an activity.
An event is an instantaneous point in time at which an activity begins or ends.
The turning of a job on lathe is an event whereas job turned is an activity.
In PERT analysis, critical path is obtained by joining events having
+ve slack
-ve slack
Zero slack
Dummy activities
The disadvantage of product layout is
High initial investment for the specialized facilities
Skilled labour to operate machines
Production time is longer, requiring more goods in inventory
High cost of inspection
The technique of value analysis can be applied to
Complicated items only
Simple items only
Crash programmer items only
Any item
'Value' for value engineering and analysis purposes is defined as
Purchase value
Saleable value
Depreciated value
Function/cost
The unit cost in case of batch production is ________ as compared to jobbing production.
Same
Low
High
None of these
Actual performance of a task is called
An event
An activity
A duration
None of these
The bonus increases in proportion to the increase in efficiency. This statement applies to
Halsey plan
Gantt plan
Emerson's efficiency plan
Rowan plan
Work sampling observations are taken on the basis of
Detailed calculations
Convenience
Table of random numbers
Past experience
The term 'value' in value engineering refers to
Total cost of the product
Selling price of the product
Utility of the product
Manufactured cost of the product
Discrepancies of bar chart techniques are
Consequential effects of lack in one activity on the finish date
Free time available for an activity can't be predicted
Effective monitoring/controlling can't be done
All of the above
The mathematical technique for finding the best use of limited resources in an optimum manner is known as
Operation research
Linear programming
Network analysis
Breakeven analysis
If a worker gets a daily wage of Rs HA, then according to Rowan plan, his maximum daily earnings can be
2 HA
1.33 HA
1.5 HA
1.15 HA
CPM is
Synthesising in concepts
Is built of activities oriented programmes
Is used for repetitive works
All of the above
Time study is carried out to determine the time required to complete job by
A slow worker
A fast worker
An average worker
An apprentice
Process layout is employed for
Batch production
Continuous type of product
Effective utilisation of machines
All of the above
Performance rating is equal to
Observed performance + normal performance
Observed performance - normal performance
Observed performance × normal performance
None of the above
A low unit cost can be obtained by following
Product layout
Functional layout
Automatic material handling equipment
Specialisation of operation
In fixed position layout
Total production cost is less
Material movement is less
Capital investment is minimum
All of these
A-B-C analysis is used in
CPM
PERT
Inventory control
All of these
In product layout
Specialised and strict supervision is required
Machines can not be used to their maximum capacity
Manufacturing cost rises with a fall in the volume of production
All of the above
The important file in making a PERT is
An event can't be accomplished until activities leading to it are completed
No activity from any event can be started from preceding event till it is completed
Length of arrow has nothing to do with time
All of the above
What does symbol 'D' imply in work study?
Inspection
Transport
Delay/temporary storage
Permanent storage
In A-B-C analysis, which class of items are generally large in number?
A
B
C
None of these
Which one of the following represents a group incentive plan?
Halsey Premium Plan
Lincoln Plan
Rowan Plan
Taylor Plan
Pick up the correct step used for scheduling a project by C.P.M.
A project is divided into various activities
Required time for each activity is established
Sequence of various activities is made according to their importance
All of the above
In breakeven analysis, total cost consists of
Fixed cost
Variable cost
Fixed cost + variable cost
Fixed cost + variable cost + overheads
Which one of the following represents a group incentive plan?
Scanlon Plan
Rowan Plan
Taylor Differential Piece Rate System
Halsey Premium Plan
Work study is most useful
Where production activities are involved
In judging the rating of machines
In improving industrial relations
In judging the output of a man and improving it