Master Production Schedule Notes: Definitions & Explanations PDF | Download eBooks
Study Master Production Schedule lecture notes PDF with project management definitions and explanation to study What is Master Production Schedule?. Study master production schedule explanation with project management terms to review project management course for online MBA programs.
Master Production Schedule Definition:
A master production schedule is a statement of what will be made, how many units will be made, and when they will be made.
Project Management: A Systems Approach to Planning, Scheduling, and Controlling by Harold Kerzner?
Master Production Schedule Notes:
When the work is planned and authorized, using subdivided work description (SWD), the production can take place. Before starting the actual production, a plan for production activity should be developed that includes the details regarding the number of units produced and the resources needed for them. This plan is called master production schedule. By considering the demand of the products, the capacity of the equipment and other resources and other important requirements, master production schedule is developed to understand what is to be produced, how is to be produced and when is to be produced. A master production schedule aims to guide the management regarding inventory, manpower, and cash flows, integrate all the organization activities (engineering, marketing, finance etc.), give an overall measure of performance, help in capacity planning etc.
Keep Learning with Project Management Notes
What is Start to Start?
It is necessary to understand the relationship between the activities associated with the project when the project schedule is developed ...
What is Total Budgeted Cost?
After the project is planned, the project is divided into activities through work breakdown structure. A set of related activities ...
What is Prototyping?
When the requirements are established, it is better to develop a model of the requirements in order to get feedback ...
What is Bidder Conference?
To conduct procurement, the communication between the buyer and the prospective sellers is necessary. One way of doing this is ...
What is Communications Management Plan?
Communication is a crucial part of project. It is important for a project team to communicate effectively with each other, ...
What are Administrative Skills?
Administrative skills include the skill of understanding the planning, budgeting, staffing etc. It also includes the ability of a person ...