Practice Quiz

Lean Bronze

Category - Continuous Improvement

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Planning and scheduling for a lean initiative requires the use of many tools such as affinity diagrams, interrelationship digraphs, tree diagrams, prioritization matrices, matrix diagrams, process decision program (PDPC) charts, and activity network diagrams. To develop a realistic timeline with attainable deadlines which method would be employed?
  1. A process decision program chart (PDPC).
  2. A Gantt chart.
  3. The critical path method (CPM).
  4. A PERT analysis to determine probabilistic estimates.
Explanation
Answer: D - To develop a realistic timeline with attainable deadlines for a project, a PERT analysis would be used to determine probabilistic estimates. A PERT analysis is based on the central limit theorem and the variance is the standard deviation squared. Timeframes are based on the pessimistic time, optimistic time, and most likely time of completion.
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