What is production, Project Management

Assignment Help:

What is Production?

Production:

Production is any procedure or process developed to transform a set of input tools as men, capital, materials, information and energy within a given set of output tool as finished products and services in appropriate quantity and quality, therefore achieving objectives of an enterprise. The concentrate of production is the creation of services and goods. There are four known factors of production, they are:

a. Nature: Land and some other material resources

b. Labour:  Human efforts

c. Capital: Factory building, tools and machinery many more

d. Enterprise: activity which organizes some other factors of production


Related Discussions:- What is production

Project management and information security, Importance of Project Manageme...

Importance of Project Management as it relates to Information Security Program: Information security means protecting your information and data from unauthorised access, discl

Network Security and Support, Choose a case study from the readings or use ...

Choose a case study from the readings or use your own workplace or organisation to discuss these questions. 1. What are the key elements of a sustainability statement? 2. What ar

Verification and validation process, Verification is the process by which o...

Verification is the process by which one can ensure that a model is performing as expected or intended. The process of verification is a challenging one for the project concerned a

What is the important role of planning in the management, What is the impor...

What is the important role of planning in the management? Planning: Planning can be described as deciding in advance regarding the goals to be pursued through the enterpris

Prince2, what are the major problem in ground breaking project

what are the major problem in ground breaking project

Explain how effective teamwork is beneficial, Question: (a) Explain how...

Question: (a) Explain how effective teamwork is beneficial to both the individual and the organisation. (b) Team leaders have to be on the lookout for symptoms of ineffecti

Production development flow diagram, The followings is a list of some of ...

The followings is a list of some of the common pitfalls to avoid if an organization is considering implementing quality by design: 1. Team members should be assigned to

key dimensions of management, Influence of Organization culture on key dim...

Influence of Organization culture on key dimensions of management

Ethics assignment, A 69 year old Greek man, Mr. Baltas, who speaks little E...

A 69 year old Greek man, Mr. Baltas, who speaks little English, was admitted to a major hospital in Melbourne for assessment and tests for a cancer-related illness. He had been dia

Write Your Message!

Captcha
Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd