1. Focus on the plan leasing activities described in the case. Which of the following best describes a reasonable change to the BPMN above that would show the repeated payments to the lease company? a. Change the Select Vendor task to Select Lease Company. b. Add a gateway between the Determine Requirements task and the Select Vendor task to branch if leasing funds are not available. c. Add an intermediate timer event before the Pay Vendors task. d. Change the Pay Vendors trask to a looping task. e. All of these 2. Assume that you are combining all three types of purchases in one BPMN diagram. Which of the following best describes how you would modify the diagram above? a. Change the Select Vendor task to a looping task so that it loops over all three vendors. b. Change the Place Order task to a collapsed subprocess. c. Add an exclusive gateway to show that the process can take three different paths. d. Add an intermediate error event to the Place Order task to branch if a different vendor is needed. e. None of these. 3. Assume that you added an intermediate timer event before the Pay Vendors task. How would that event affect token flow through the process? a. The token would wait at the event until time to proceed. b. The token would proceed to the Pay Vendors task immediately. c. The token would branch if there is an error in the process. d. The event would generate two tokens. e. None of these. Assume that the diagram includes an intermediate error event attached to the boundary of the Select Vendor task. How would that event affect token flow through the process? a. The token would wait at the event until time to proceed. b. The token would proceed to the Pay Vendors task immediately. c. The token would branch if there is an error in the process. d. The event would generate two tokens. e. None of these.
Critical Path Method
The critical path is the longest succession of tasks that has to be successfully completed to conclude a project entirely. The tasks involved in the sequence are called critical activities, as any task getting delayed will result in the whole project getting delayed. To determine the time duration of a project, the critical path has to be identified. The critical path method or CPM is used by project managers to evaluate the least amount of time required to finish each task with the least amount of delay.
Cost Analysis
The entire idea of cost of production or definition of production cost is applied corresponding or we can say that it is related to investment or money cost. Money cost or investment refers to any money expenditure which the firm or supplier or producer undertakes in purchasing or hiring factor of production or factor services.
Inventory Management
Inventory management is the process or system of handling all the goods that an organization owns. In simpler terms, inventory management deals with how a company orders, stores, and uses its goods.
Project Management
Project Management is all about management and optimum utilization of the resources in the best possible manner to develop the software as per the requirement of the client. Here the Project refers to the development of software to meet the end objective of the client by providing the required product or service within a specified Period of time and ensuring high quality. This can be done by managing all the available resources. In short, it can be defined as an application of knowledge, skills, tools, and techniques to meet the objective of the Project. It is the duty of a Project Manager to achieve the objective of the Project as per the specifications given by the client.
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