Define a business case as a justification

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Reference no: EM131900486

please answer theTrue or false questions

-A project charter should be developed at the initiation of a project.

-Most projects define a business case as a justification for why the project should be completed

-A risk management plan is unnecessary until a project encounters catastrophic problems such as a union strike or hurricane.

-Supply chain generally refers to all the activities involved in supplying an end user with a product or service.

-Inventory turnover is a common and useful metric when evaluating efficiency of a supply chain.

-The bullwhip effect is less pronounced in longer supply chains and more pronounced in shorter supply chains, especially in supply chains that only use monthly forecasting to predict orders.

-In addition to the financial costs associated with holding inventory; inventory hides problems and is frequently used as a buffer for an inefficient process.

-Capacity planning involves decisions on the availability of resources, staffing, equipment, and facilities only in the long term.

-Facility location decisions are evaluated in stages: 1st Regional-International level, then at a community level and finally at a site level. These all require the same type of analysis and decision making.

-Facility location analysis will evaluate different criteria depending on if it is providing a product or service, location of customers and location of suppliers.

Reference no: EM131900486

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