Operations and Project Management Assignment - Hotpoint company

Operations and Project
Management

Table of Contents
INTRODUCTION...........................................................................................................................1
P1Review and criticism of operation management.....................................................................1
P2 Continuous improvement plan based on reviews..................................................................1
P3 Stages of Project Life Cycle (PLC).......................................................................................3
P4 Effectiveness of Project Life Cycle application of the chosen project..................................6
CONCLUSION................................................................................................................................7
REFERENCE ..................................................................................................................................9

INTRODUCTION
Operation and project management is the continuous planning and execution process
which includes day to day business projects activity such as initiating, monitoring, closing and
controlling the business projects. Project management is a short-live process which involves
defining, beginning and closing the project that have certain budget where as operations is the
ongoing process which is run by manager of the organisation to earn profits and running the
business continuously (Badiru and Osisanya, 2016). To understand the concept of operation and
project management Hotpoint has been taken that is a manufacturing company and planning to
introduce or manufacture large screen television. This report will contain some topics such as
principles and methodology of operation management, improvement plan that helps to improve
or produce new products, stages of the product life cycle,theories, concepts and models of
operation and project management.
P1Review and criticism of operation management
Operation management is the division of the management activity which contains
designing, improvements, execution and controls the manufacturing process. In additional, it
helps to convert inputs into output by using resources in order to achieve organisation's goals.
Such as Hotpointis a manufacturing company has a great market reputation that manufactures,
markets and sells house hold appliances such as fridges, electric cooker, gas, washing machines
and other electronic equipments. Company wants to expand its business by entering in to large
screen television market which can be used for home, stadium and parks. Its main motive is to
provide customer satisfaction after analysing the needs and want of theirs clients (Binder, 2016).
Company has decided to produce minimum screen size television that should be 58 inches and
have attractive features. For this company need to follow some principles and methodology such
as -
Lean principle: Lean means an enterprise understand the needs and value of customer
and focuses to produce that kind of product and services. It helps to show the value of customer
what customer wants and what are expectation. Hotpoint company has decided to manufacture
large screen television after understand the value and expectation of customer. It includes some
steps to implement the new thoughts such as-
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Value: Value means to create a value of customer and give satisfaction by providing
qualitative products. Hotpoint company identify customers and define value for ultimate
customer, what customer wants and make plans how it can be fulfil. The meaning of value can
be expressed only when customer get products at specific price or at fixed period of time.
Value stream: Value stream means all the process are required to analysing the current
state and designing a future state for the ordering of events that brings a new product or services.
Hotpoint company analysis the data and think about actual process of producing large screen
television. This process includes suppliers who sells raw material, in house process and customer
who use the product (Bowers and Khorakian, 2014).
Flow: Flow means manufacturing processes should be continue through lean enterprises.
Hotpoint company analysis the customer demand and continue the production process.
Pull: Pull means to manufacture product and services according to customer's needs and
wants. This step helps to reduce waste and improving efficiency.
Perfection: This means to manufacture perfect material that what exactly customer
wants. Hotpoint company researched markets and found that customer want minimum screen
size T.V which can be used at home or stadium.
It is concluded that if Hotpoint company apply this principle then it would be easy to get
customer demand and will focuses on manufacturing new product by improving efficiency and
reducing wastes.
Principle of manufacturing management: This principle states that any organisation
should manage the manufacturing process that helps to understand the further required material
in order to produce new products. Hotpoint company should includes manufacturing
environment, bills of material, routings, layout process, executing manufacturing strategy, work
with material requirement and control on production. This principle also lies that an organisation
should be focuses on how to manage the manufacturing process by using production control
activity (Fleming and Koppelman, 2016).
From above mentioned principle can help Hotpoint company to manufacture a large size
of T.V. By considering bills of material, working with material requirement and controlling the
manufacturing process. This principle will help to provide an introduction to the concepts and
process of modern manufacturing management.
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