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Operation and Project Management Operation and Project Management 1 INTRODUCTION 1 TASK 11 P1 Review and Critique the Effectiveness of PLC 9 CONCLUSION9 REFERENCES 10 INTRODUCTION 1 TASK 11 P1 Conduct

   

Added on  2020-10-22

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Operation and ProjectManagement

Table of ContentsOperation and Project Management.................................................................................................1INTRODUCTION...........................................................................................................................1TASK 1............................................................................................................................................1P1 Conduct a review and critique of the implementation of operations management principles.....................................................................................................................................................1TASK 2............................................................................................................................................4P2 Prepare a continuous improvement plan based on the review and critique...........................4TASK 3............................................................................................................................................7P3 Stages of PLC with business case, project plan and work breakdown structure...................7TASK 4............................................................................................................................................9P 4 Review and critique the effectiveness of the PLC................................................................9CONCLUSION ..............................................................................................................................9REFERENCES .............................................................................................................................10

INTRODUCTIONOperation management is the planning and execution of process which are defined toaccomplish a task and manufacturing, demand forecasting, production planning, inventorycontrol, quality management and supply chain collaboration. Whereas project management is aprocess of covering all the activities through a task from the beginning to end that includesplanning, executing controlling, and closing a work of a team to achieve specific goals and meetspecific success criteria within a predetermine time. This report is about a company named as,Hotpoint Electric Heating Company which is generally called Hotpoint. The firm was foundedalmost 107 years ago in the year 1911 in the United States by Earl Richardson the main productsof company are fridges, freezers, gas and electric cookers, washing machine and electric friars.The company has decided to enter in large screen television market with 58 inches screen andalso a range of stadium screens. This report covers operational and project management researchincluding six sigma methodology, continuous improvement plan, product life cycle and so on(Antonioand and Ramos, 2012). TASK 1P1 Conduct a review and critique of the implementation of operations management principlesOperation management is the process of production management which involvesplanning, organising, supervising and many more. Although, it also make necessary steps whichhelp in improving several things for generating higher profitability. The same is previouslyknown as production management adjustment in day to day activity results in achieving goalsand objective of business. When operation management is implemented in productiondepartment of enterprise then it will directly results in on time production with minimumwastage of resources. If there is time to time goods are producing it will satisfy customers needsand wants on specific time period (Beringer, Jonas and Kock, 2013). There are some principlesof operational management which should be followed by the Hotpoint to introduce a large ascreen TV in order to attain the aim and the principles given below - 1.Reality – Reality means there is no universal solution of a business problem becausethere may be various solutions of the events there is no one definite solution of aproblem. It means neither the theory of constraints nor the lean principle nor total qualitymanagement nor any other technique can solve a problems. In developing a TV many1

problems can occur but it is not possible that every time only one solution work ondifferent kind of problems (Blomquist and et. al., 2010). 2.Organization – All factors of production must be organized in a coherent way because ifone process is change the other one will get change. To gain the profit anyone canthrough out a maximum products but there is no surety of profit, one should wait for righttime to expose the products. If profits can be predict and maintain to be consistent thenthe activity which can lead the profit must be predictable and consistent with each other.While developing a TV every stage should be organized in a well defined manner so thatthere will less chance of mistakes. 3.Fundamentals – The firm must be strict with its foundation values because the if thefoundation is strong only then the company can go on long way. If Hotpoint will strictwith its rules then it can reach to its objective. 4.Accountability - Accountability is important because managers determines the goalsthrough maintaining metrics, standards to evaluate them, assigning responsibility,comparison between actual and expected outcomes and correct actions according to that.The manager of Hotpoint should manages the accounts to measure the performance.5.Variance – Variance can be managed and controlled while reducing the system's goalsand in contrast variance can be encouraged when system's goal to increase options. 6.Causality – If there is not a permanent solutions has to be made then the issues can ariseseveral times. Hotpoint can find out the causes from this state then they can find thesolutions and fix the problems so that they will not attack repeatedly(Brauers andZavadskas, 2010). 7.Managed passion – To take a company on perch passion is required because passionateemployees and business person are the foundation of company's growth. 8.Humility – An individual does not aware about everything so its better to learn fromothers and taking help in difficult tasks so that the company should not pay the price forattempts.9.Success – Success matters to customer satisfaction and when customer choices arechanged the success aspects also get changed. Understanding customer importance isessential for a business in order to gain profit.10.Change – Making changes in old manufacturing solution is good to be change because ifthe changes are needed then the old one must be inadequate. Six –Sigma methodology2

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