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Operations and Project Management: Review and Critique of Operations Management Principles within Balfour Beatty

   

Added on  2023-06-08

16 Pages5158 Words149 Views
Business DevelopmentLeadership Management
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ID
Unit Number and Title Unit 187 –
Operations and
Project Management
Title Review and Critique
of Operations
Management (Part
1
Operations and Project Management: Review and Critique of Operations Management Principles within Balfour Beatty_1

Table of Content
Part 1: Business Report
1. An introduction to chosen organization p
2. An explanation of operation vs operations management p
3. A review and critique of the implementation of operations
management principles within the chosen organization p
4. An analysis of the extent to which the operations management of
the organisation in the case study meets the requirements of the
organization p
5. Discussion of continuous improvement as a philosophy and
describe the Lean principles p
6. A continuous improvement plan, including your justified
recommendations for improvement, based on your review and
critique of operations management principles within your
organization p
7. Conclusion p
References p
2
Operations and Project Management: Review and Critique of Operations Management Principles within Balfour Beatty_2

1. An introduction to chosen organization
Operation management is that area of management which includes procedure to
compute the land area, check out the raw material and the process of converting that
raw material into finished goods. It is the basic requirement of every company and if
the company has better operations in the management it will enhance the
productivity and give more profit to the company. There is another term known as
project management which is require in a company to manage the skills and to
acquire knowledge about the equipment and the instruments to use them in their
effective manner. To understand better about the operation management the
organization is chosen name as Balfour Beatty. Its a public limited company of the
United Kingdom, it carries with three main business segments; building, engineering
and rail (Anastasiadou,and Taraza, 2019). In all these three segments of the
company the building segment have the highest percent of revenue I.e. 40% this
segment includes functioning like; design, construction equipping, maintenance and
management of buildings. The segments of engineering provides 39% revenue to
the company by performing the function like; design and management of
hydroelectric dams, tunnels, roads & bridges. The last segment of Balfour Beatty is
the rail segment which generate 15% of revenue by designing, maintenance and
construction of rail systems. It is the leading worldwide engineering, construction and
services provider company formed in year of 1909. its is the company which got the
highest rank in the United Kingdom for the construction contractor. They also expand
their work in Ireland, United States, Canada, and South East Asia. Along with
acquiring the rank it is the company which provides the best construction services
and there are world class. In this report, the operation management will be discuss
and its principles which helps the company to make improve their plan. This report
also includes PLC and its functioning.
2. An explanation of operation vs operations management
An operation in the company generally means the way to perform the function of the
company. It covers all the activities and actions or decisions taken by the company
to regulate their business.
3
Operations and Project Management: Review and Critique of Operations Management Principles within Balfour Beatty_3

On the other hand Operation management is the different area which deals
with the different functioning of the company such as; designing, regulate the
process of production and take care the operation of the company including the
manufacturing of goods and services (Hakimi, Zahraee, and Rohani, 2018). In this
operation management the raw materials will get converted into finished goods, it will
enhance the company profitability and in relation to the Balfour Beatty they supply
their equipment's fro construction purpose to the private and also to public
organizations.
3. A review and critique of the implementation of
operations management principles within the chosen
organization
There are various principles of the operation management that are followed by the
Balfour Beatty to run their business activities smoothly or to avoid the chaos and
disturbance from outside the company. The better operation management followed
by the company provides the better environment and better result in the end.
Principle of experience- This principle is follows by the organization to
identify the problems in the management and in the functioning of the machine &
tools. It is very necessary to overlook these operations, it will give the courage to the
Balfour Beatty to overcome with all the problem and make their machinery tools
available in a proper working condition (Jones, 2022). In Balfour Beatty, the
managers themselves check the functioning of the employee's and take feedback
from them, and if any problem was found then it will be remove first.
Principle of Company- All the companies have their own principles and plan
which they execute according to the situation to meet with their desire goals and to
fulfill their objectives. In the Balfour Beatty, there are so many different departments
for different functions. All the departments there have a good relation among the
employee's.
Modification- To run the business effectively it is the necessary step which
have to be taken i.e. to bring changes or to modify the functioning of the company.
Balfour Beatty adopts all the changes according to the demands of the market or the
consumers. They bring advance technology and equipment's which makes their work
easier and fast.
Responsibility- It is the most important function in each and every company.
The managers of the company, employers and the employee's all have some
responsibility on their shoulders towards the organization. The main burden of
responsibilities is on the manger of the company who has take care all the
functioning and performance of all the team and departments. In Balfour Beatty
managers understood this responsibility and take it serious, as a result of this the
company is always able to achieve the set objectives and goals (Luiz, Ganson, and
Wennmann, 2019).
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Operations and Project Management: Review and Critique of Operations Management Principles within Balfour Beatty_4

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