Operations and Project Management (pdf)

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OPERATIONS ANDPROJECTMANAGEMENT
Table of ContentsINTRODUCTION...........................................................................................................................1TASK 1............................................................................................................................................1P1. Review and critique of implementation of operations management principles...............1TASK 2............................................................................................................................................5P2. Preparation of a continuous improvement plan................................................................5TASK 3............................................................................................................................................7P3. Evaluation of Project Life Cycle for Large-screen Televisions.......................................7TASK 4..........................................................................................................................................12P4. Review and critique the effectiveness of PLC..............................................................12CONCLUSION..............................................................................................................................13REFERENCES..............................................................................................................................14
INTRODUCTIONProject Management is a procedure performed by companies to effectively achieve thepractice to initiate, plan, execute, control and close a specific activity to achieve a certain agenda.All these steps of project management are quite important to determine and ensure success of aparticular project(Harrison and Lock, 2017). The report below is based on production of LargeScreen Televisions for Bosch, which is a multinational engineering and electronics companylocated in Germany. It covers research and development of product and critical evaluation ofappropriate theories and concepts and preparation and analysation of the effectiveness ofcontinuous improvement plan. It also undertakes critical evaluation of each stage of Product LifeCycle (PLC) and critical analysis of the use of appropriate theories, mode;s and concepts in thePLC to differentiate between large and small scale projects.TASK 1P1. Review and critique of implementation of operations management principlesOperations Management: It can be defined as the direction of various business practisesin order to create the highest level of efficiency possible in an organisation. Bosch is introducinga new product in the market and for that purpose, the following theories are discussed for theevaluation of the new product. These concepts and theories are explained as under:Six SigmaIn simple words, it can be defined as the process by which the quality of process, productor service is improved by identifying and removing the errors in the process. This concept usesfive steps to control the defects in product which are Define, Measure, Analyse, Improve, andControl. These five steps will give proper information to Bosch about the ongoing process of theproduction and the deviations in process which will be rectified.Effectiveness and IneffectivenessSix Sigma is a highly disciplined process which focuses upon delivering and developingnew and perfect product and services to their customers. Bosch is producing a new product soduring the production process, the defects and quality can be easily checked in the productionprocess and be rectified. It will avoid the process waste and reduce the cost of production of thecompany and hence it can provide high quality goods at lower prices to the products. So this1
measurement and solution of defects will be resolved in the production process itself, and hencethis tool is useful for Bosch(Kerzner and Kerzner, 2017).However, it could be quite ineffective in some areas as its principles are quite rigid,which restricts the firm to effectively mould its principles and functioning in the future. Thismight reduce the performance of the firm with respect to their project.Lean Principles:The Five Lean Principles provides a framework for creating effective organisation anddelivering better value to their customers. The implementation of Lean Principles takes place infive steps, the discussion of each is discussed as under:Identify Value:In this very first step, it is defined that Bosch must find that what is thevalue that it is delivering to their customers. Value is what for which the customer ispaying and deriving from the use of that product. It will provide knowledge about theneeds of customers, and the price that they can afford for that product(Fleming andKoppelman, 2016).Map the Value Stream:After the plan has been set, than in the next step the process isdefined which Bosch will carry out from the product creation to till it reaches to the endcustomer for consumption. It also includes removing those activities which does notprovide any value to the product and customer as both. The removing of wastes andeliminating the unwanted processes will lead to reduction in costs and also shortens theproduction process.Create Flow:In this step, when all the wastes are removed than this step ensures that allthe remaining actions are taken in a smooth manner without any interruption and delay inthe production process. For avoiding the delays in production process of Bosch, it canprovide training to employees and make proper distribution of work.Establish Pull:This step ensures that the stock is maintained properly. The stock level isneither so high nor so low. It must be in accordance with the demand of customers as thegoods can be delivered while there comes a demand.Pursue Perfection:This step ensures that the production process is not going only in thetraditional way in which it is going. It must be improved continuously so that the bestvalue can be delivered to customers.2
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