Thanks Ankit for your prompt reply.
I gone through suggested answer as well as Study Material of Operations Managment, it seems, from the examination point of view this subject is 60 % theory and 40 % practical.
Reason for CMA :
CA : Can't quit job hence not be able to do CA (articleship)
CS : I have passed IInd group of CS Executive.
CMA : I already have 6+ years of experience in Direct/Indirec Tax & Accounts which will be conted as experience in CMA.
Reqeust you all "CAClub Members" to please guide me for this subject and also guide me how to prepare my CMA, I am very weak in maths