(7) Operations management (AA)

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having the required specification
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'on spec'
limits that affect how something can be done
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parameters
detailed plans about how something is to be made, or exact measurements
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specifications
standards that are used for making a decision about something
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criteria
complicated and advanced in design
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sophisticated
predictable / anticipated
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foreseeable
punishments for breaking a rule of contract
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penalties
easy to understand or use
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straightforward
be easy to see or notice
phrasal verb
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to show-up
the price someone will charge you for a piece of work
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quotation
additional amount of money you must pay
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surcharge
predicted / anticipated
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forecast
making an amount fall to a lower level in an aggressive way
phrasal verb
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to drive sth down
period of time ('term' can also be used in this expression)
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run (e.g. in a long run)
Supply chain management includes:...
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Supply chain management includes: procurement, materials management inside the plant and logistics.
The chance of something happening or being successful is its...
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The chance of something happening or being successful is its 'feasibility'
The chance of damage or harm to something is its...
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The chance of damage or harm to something is its 'vulnerability'
The key areas of technical expertise that a company has are its...
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The key areas of technical expertise that a company has its 'core competencies'
Difficulties that stop the progress of a project are called...
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Difficulties that stop the progress of a project are called setbacks
All the people with an interest in the success of a project are collectively called the...
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All the people with an interest in the success of a project are collectively called the stakeholders
A visual illustration of the different phases and activities in a project (composed of many horizontal bars) is called a...
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A visual illustration of the different phases and activities in a project (composed of many horizontal bars) is called a Gant chart
Before you sign a contract, it's very important to read the...
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Before you sign a contract, it's very important to read the small print
The events that mark the key stages in a project are called...
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The events that mark the key stages in a project are called milestones
The factors that limit your actions (such as time and cost) are called...
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The factors that limit your actions (such as time and cost) are called constraints
The ... of the project is the range of things that it deals with
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The scope of the project is the range of things that it deals with
If a project is 'on-...', it is going according to plan
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If a project is 'on-track', it is going according to plan

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