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Operations and Project Management

   

Added on  2023-01-06

16 Pages4271 Words74 Views
Operations and Project
Management

Table of Contents

INTRODUCTION
Operations management and operations are the two separate terms and ideas which
supplement each other. Operations are the fundamental activities and functions which goes on in
an organisation with the purpose of completing the respective tasks and attaining organisational
goals. Operations management on the other hand is a system which supports all the functions of
company in order to make them efficient and effective offering productive outcomes to the entity
and induces its profitability (Eyers and Naim, 2019). Another important concept which is related
to smooth and effective functioning of an entity is Project Management. This is a task assigned
to managers which related to specific aim that is needed to be achieved in particular time period
and names as project. Managing a project is hectic job involving number of functions and
activities which is part of company's short term aims and adds value to its long term objectives.
The current report is developed in two parts, the first section is dependent upon Tesco a
large organisation of United Kingdom founded in 1919 and headquartered in London. The
second part of the report is developed over ODA, stating for Olympic Delivery Authority. It was
a non departmental public body which was founded in 2006 and dissolved in 2016. Olympic
Delivery Authority was responsible and authoritative for delivering venues, infrastructure and
legacy for the 2012 summer Olympics and Paralympic Games. The report is inclusive of a
thorough review of operations management principles along with a continuous improvement
plan for the respective company. In the next segment, the concept of Project Life Cycle is
utilised and applied in regards to the specific project and its effectiveness is reviewed in relation
to the chosen project.
TASK 1
P1 Conduct a review and critique of the implementation of operations management principles
within an organisational context.
OPERATIONS are those primal tasks of an entity that involves the procurement of raw
materials, their conversion into final goods and then making them available to the users.
Basically, operations of an organisation are the functions involving processing of raw materials
into finished goods and serving to consumers (Cortés, Rodríguez and Franco, 2019).
OPERATIONS MANAGEMENT is known as administration of business practices that
is its operations for creating the highest level of efficiency and potentials possible in the given

time and resources. The operations management practice is concerned with changing the
resources and labours available in final good or a service according to company's portfolio and
by bringing maximum profits through maximizing efficiency and effectiveness. The
administrative action enables the firm in developing a balance between costs and revenue for
obtaining higher net operating profit.
OPERATIONS vs. OPERATIONS MANAGEMENT:
Most organisations those are of large scope and size has complex and huge organisational
operations which are their major functions, where people are specifically assigned
responsibilities and authorities for management and smooth functioning of different parts of the
entity and its processes. Tesco is a large plc which deals in retail sector and known as the largest
retailer of United Kingdom (Fahimnia and et. al., 2019). Tesco has number of operations
involved form the initial stage of a product life cycle till after sales. Company engages in retail
and manufacturing segment both and retail being its core area of business. Some of the
operations involved in Tesco are manufacturing/production, sales, marketing, human resource,
inventory management and customer care and service provider.
Operations management is concern with primary activities which are needed to be
performed before the operations system starts operating. Thus, it is related with design, effective
management and improvement of the systems and tools that are involved in and necessary for
procurement of goods and services in order to offer the final offering to the consumers. This is a
critical phenomena related with success and growth of company and in this scenario for Tesco.
The operations management approach offers a systematised way to managers and leaders of
Tesco to look into the systems and functions with offering effective and efficient results.
DIFFERENT APPROACHES OF OPERATIONS MANAGEMENT:
Tylor's theory of Scientific Management
The respective theory is also known as Classical Management Theory that is dedicated
to employees and workforce of an organisation (Fernandes and et. al., 2020). It states that
employees need to be motivated and rewarded for their productive performance rather being
criticised for minor mistakes. Tylor specified that employee productivity and efficiency would
increase by optimal utilisation of their abilities and simplifying complexities of the job. Some of
the principles of Tylor's Theory are elaborated below in context of Tesco:

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