When Activity Times Are Uncertain

question 46

Multiple Choice

When activity times are uncertain,

• A)we assume they are normally distributed.
• B)we start by calculating the optimistic,the most probable,and the pessimistic time estimates.
• C)we use the most probable time.
• D)we need to obtain at least four time estimates for each activity.

Grasp the role of non-specific compensation in creating creative solutions.

Comprehend the importance of effective communication and mutual respect in negotiations.

Identify gender differences in negotiation outcomes.

Understand that negotiation strategies and effectiveness can vary across different cultures.

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Definitions:

SRM

Supplier Relationship Management (SRM) is the systematic, strategic coordination of business processes between an organization and its suppliers to optimize the value delivered through the supply chain.

Supplier Evaluation

The process of assessing and approving potential suppliers by quantitative and qualitative assessment.

Order Management

The process of tracking and fulfilling sales orders, from the initial order placement to delivery to the customer.

ISCM

Integrated Supply Chain Management, the coordinated management of the entire supply chain from procurement to delivery for efficiency and competitiveness.