This document provides an overview of operation management principles used within an organization, formulation of a continuous improvement plan, application of stages of project life cycle, and a review of the effectiveness of project life cycle. It also includes information about Norton Motorcycle Company and its relevance to the topics discussed.
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OPERATIONS AND PROJECT MANAGEMENT
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Table of Contents INTRODUCTION...........................................................................................................................3 P1 Brief explanation regarding operation management principle used within organization.......3 TASK 2............................................................................................................................................5 P2 Formulation of continuous improvement plan......................................................................5 TASK 3............................................................................................................................................9 P3 About application of stages of project life cycle....................................................................9 TASK 4..........................................................................................................................................11 P4 Review & critique effectiveness of project life cycle within the organization.....................11 CONCLUSION..............................................................................................................................13 REFERENCES..............................................................................................................................14
INTRODUCTION Operation management is part of management approach which is implemented by manager for manage their business operations in effective manner in order to attain competitive business advantage by improving performance and quality of products. For understand the relevance of operation & project managementNorton Motorcycle Company has been take. It is Birmingham based organization which parent company is TVS. This organization run business since 1898 it is famous for manufacturing bike within the UK. This report includes,principle of operation management , relevance of continuous improvement plan. And use of project life cycle in order to implement new project within the organization. P1 Brief explanation regarding operation management principle used within organization. Operations:The term operations is define as activities and business actions which help in run business organizations. It includes all the activity which is related with production, and distribution of products. Operationmanagement:Itissystematicprocedureofplanning,organizing& controlling of production or manufacturingor distribution servicesof business organization. The main purpose of this approach is to cover organization input into output in effective manner. Manager ofNorton Motorcycle Company (Correa-Florez, Gerossier, Michiorri and Kariniotakis, 2018). Principle of operation management: Six Sigma: This principle is focused on the base is that organization for improve its operation effective need to implement Six Sigma which is based on the concept is that organization need to focus on requirement of customer and on the basis of that they need to cut throat activities which are not relevant for them this will useful in remove variations. Lean principle:This principle is related with define how effectively organization able to produce their products, for this purpose they need to recognize value of their customer, map their perception and demandas well as create a flow for formulation of product on the basis of demand of customer and established a pull to give their 100 % in order to improve operations with changes of time period.
Reality: Management department ofNorton Motorcycle Company , use this method in order to focus onreason of arriving of problem they analysing cause not only technique which are the reason of low quality of production. Organization:Business organizations reed to focus on that every department and activity of planning , production and distribution of goods are related with each other , thus management department need to formulate strategies which help in easily interrelate activities of all business departments. Humility:Operation management is generally based on improvising performance of business operations activity by eliminating human errors, Thus organization on the basis of finding errors of human being needs to change their policies. Success:There are different definition and meaning regarding with success, however an organization is valued at successful when they are able to complete and fulfill all the requirement of customers by making the happily and satisfied. Accountability: It is essential to implement this principle during the time of running business operation as each department and manager must be liable regarding the work and for fulfilling their responsibility. This principle help in find out the real culprit of failure of business operations and control issue related with internal coherence within theNorton Motorcycle Company . Collaboration with customers:Management department need to follow the principle is that they on the basis of finding requirement customers, formulate policies for build strong connection with them to maintain long term sustainability in the market environment. Change: The term change is relevant and essential for every organization, thus management department ofNorton Motorcycle Company, focus on analysing change in market environment and on the basis of that they mould a their products to maintain interest of their target market customers within the organization (Hai, Xiaojian, Ke and Bin, 2019). For implementation of all these principle management department of Norton Motorcycle Company m require to follow some steps which are define below: Identify operation efficiency:Organization needs to recognize efficiency level of organizationwhichhelpinrunbusinessoperationsinsmoothlymanner.Management department ofNorton Motorcycle Company on the basis of measuring each department 's level of effective able to implement principle of operation management within the organization.
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Finding out defects: It is essential for organization to find out reason of failure of project operations with the help of finding out case of arrival of defect management department formulate strategies to implement principle of operation management. Integrate functions of organization:Every business enterprises specially manufacturing organizations needs to integrate each function of department. Which will helpful in order to communicate and coordinate each activity of department on the basis of that manager ofNorton Motorcycle Company able to formulate policies regarding with integration of their relevant function of organizing and running business operations (Li, 2019, May). Properplanning:Forsuccessfullyimplementationofprincipleofoperation management , organization require to formulate plan and strategies in such a manner that they arehelpinachievingtargetalthoughhelpinattaininglongtermgoalorobjectiveof organization. With the help of formulation of effective business plan manager ofNorton Motorcycle Companyable toprovide guild-line regarding how project is achieve and provide right direction related with the operations. As this organization face issue related with quality due to the lack of implementing effective business plan. TASK 2 P2 Formulation of continuous improvement plan. Continuous improvement plan: This is consider as plan which define or design activities to enhance quality of product and service or procedure of implementation of theses item by taking essential action regarding improvement of system of organization. It is part of operation managementwhich useful in reduce chance of failure of quality of product. Different types of plan is formulated on the work of industries as each organization is established and work in different industries thus strategy regarding improvement is differ on the basis of type of industry in which organization run. Continuous improvement plan includes how strategy formulated and on the basis of that it implemented as well as performance is evaluate and commitment is given which includes complies of goals. Operation management Departmentof improvement Start dateEnd dateTechniquesof controland
issuemonitoring Incrementin expenditure The main reason ofincreasing overheadwithin theorganization is that production departmentnot abletowork effectiveto controlcost requirefor implementation ofproducts (Nataliia, Dmytro,and Igor, 2018). 15/03/202120/03/2021In order to reduce overheadrate, managerof Norton Motorcycle Company need to implementKPI tool and six sigma principle these are useful in order to setlevelof expenditureon thebasisof settinglimit organizationable tomitigatethis issue. Products qualityQuality formulationof sportsbikeand otherfeature productswhich includespartsof bike, car or sports cathasbeen reduceas organizationnot ableto manufacturebest 21/03/20214/04/2021Byimplementing benchmarking toolorganization able to set fixed benchmarkof manufacturingof bike or other parts ofcarorsports vehicle.Theses benchmarkhelp inincreasesales rateaswellas
quality of product duetolackof effective work of manufacturing department. improvequality ofbusiness performance. Issueregarding with cooperation Generally lack of coordination issue arisebetween marketing departmentof organization. 5/04/202115/04/2021InNorton Motorcycle Company , almost eachdepartment isfaceissue regardingwith communication andcooperation duetolackof coordination , this organizationnot abletoprovide effectivequality ofmaterials,by usingeffective toolof communication, throughprove training,and games as well as useofsocial media management departmentof Norton Motorcycle
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Companyable to solvetheirissue regardingwith lackof coordination. Timing issueFinance departmentnot abletoprepare financial statement at given timeperiodas wellas manufacturing departmentalso notableto manufacturebike atthetimeof fulfilorderof client. 16/04/202125/04/2021Manufacturing departmentnot abletowok within given time periodthusthey face issue related withtiming. Qualityofwork decline due to the not completion of workatspecific timeperiod.By implementation ofmanagement byobjective technique managerof Norton Motorcycle Companyable to overcomeissue related with time. ManagementdepartmentofNortonMotorcycleCompanyinordertosuccessfully implementation of plan they follow these steps:
ď‚·Plan:For improve businessperformance manager need to require formulate different types of plan for different sectors of organization. On the basis of formulation of policies and plan regarding with manufacturing they able to improve performance and well as by implementation of plan related with marketing department , Norton Motorcycle Company able to build strong connection with their customers. Thus plan has been formulated for each department of business organization. ď‚·Do:In order to implement plan manager require totook action and fulfill each of requirement and activities which are mention in project plan, these activities are essential to run as on the basis of that manager able to maintain continuous improvement plan actions. ď‚·Check:Manager evaluate and measurer each activity of the purpose of finding out that whether they are able to comply all the work which mention in the plan or not. These are helpful in check any error arise during the time of implementing or running any activity and department on the basis of thatapply relevant application for completion of their work (Shou, Wang, Wu, and Wang, 2020). ď‚·Act:By evaluating performance and measure criteria manager of Norton Motorcycle Company analysis that each work and plan is implemented in effective manner ad organization operate their work smoothly they took relevant and desired action if manager is not able to work effective as on the basis of thatthey formulate policies as well as strategies to attain goal of organization. Norton Motorcycle Companysuffers from many issue regarding with quality thus on the basis of implementation of continuous improvement plan they able to enhance quality they are able to generally enhance quality plan and improve business action of organization. TASK 3 P3 About application of stages of project life cycle Project Life cycle: This strategy is used by manager for implement their project. It is consider various stages of project life cycle which define below: Overview of project: Organization need to formulate a project in which they design or want to launch new type of sport bike in make.
Initiation:This is consider as first stage in whichidea regarding the project has been developed. For the purpose of solving relevant business problem. Planning: In this stage various short as well as long term plan has been formulated in order to define relevant or execute essential business plan. Theses consider how to design project m target market customer, relevant strategies use to attract customers etc. Execution:This is the 3rdstage of project life cycle in this phase after completion of all the essential requirement, manager able to effective execute project by applying effective tool of strategy and with the help of manufacturing and other department of organization. Termination:This is consider as the last stage inwhich manager on the basis of measurement of performance and finding outerror or defect arise at the time of execution of project, they overcome limitation and close the project after completion of each objective of the project. Project Portfolio of Norton Motorcycle Company Name of the project:Launching new sport bike Line of the project:Elizabeth Line Project Description:New project has been launched in order to increase probability rate by build strong goodwill within market. Budget:Manager ofNorton Motorcycle Company for formulation of budget require to implement financial document which showcase and define all the numerical value of profit as well as loss and on the basis of that they evaluate marketing environment and decide to formate budget. According to this in order to launchnew sport bike in the market of UK they require 50000budgetforesuccessfullyimplementtheirprojectplan(Thomas,Deblecker.and Ioakimidis, 2018). Aim:Main objective of launching or applying this project is to overcome issue arises related with monetary problem whichNorton Motorcycle Company face due to high rate of competition and implementing poor marketing strategies. They only the basis of launching new bike in the market. Risk management:In order to mitigate risk regarding failure of project, they need to use effectivetoolofprojectmanagementandbyimplementationofoperationmanagement techniques manager able to evaluate their performance ans well as analysis risk and formulate
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strategies for mitigate risk by implementing risk register and work breakdown structure in the organization. Manager of Norton Motorcycle Company have many option they also use effective communication and marketing strategies as will as they launch new plan for this purpose they implement and use effective tool of communication with the use of these tools and technique manager able to mitigate risk regarding failure of their project. Phase 1: Project concept and initiation The cost of collection has increased by 7% in the last 2 years. The Chief Executive Officer will assign the task to one of its heads (possibly a head of the meeting), who will then find a reasonable manager. Once a PM is detected, this person will be able to access the next steps. These are, identifying the unpleasantness of the job, setting goals, making a group and recording the main things in a business contract. Phase 2: Project Planning This is the main stage where you really need to explain. In the engagement phase, you need to plan every part of the campaign, week after week (or even every day). A step-by-step report is a statement that clearly defines what the campaign is responsible for carrying out. Also identify limitations, such as general expectations of the task. The results are goals that need to be improved during the campaign. Performance can be complemented by testing or shaping a finished item. Phase 3: Project Launch or Execution This is where everything will come true. All the specifications identified in the previous phase are currently being implemented. Regularly, or in some cases the same. The task force - run by the engagement partners - is currently producing substantial results: a point-by-point view that outlines the improvements the campaign is bringing or what will be achieved offered to the customer at a later date. Stage 4: project implementation and control
It is, of course, not a special step, but an ongoing one of management commitment. rack effort and cost is one of the important (but generally hateful) specifications of PM. Add once or twice for this regularly. Stage 5: Closing the project The closure of the business is the final stage in the business life cycle. These are the last weeks or months when the final result of the activity is defined and delivered to the customer. The task administrator will usually create a final report with own expenditure estimates. There were also some post mortem associations (also known as understanding how to perform exercises) to evaluate what worked positively and what went wrong in the act, fundamentally for learning for the next. benefits. TASK 4 P4 Review & critique effectiveness of project life cycle within the organization. Project life cycle:It is consider as process of management which define 5 stage these are helpful in completion of project.As the name state, project life cycle is a process of running project t which summarised all the activities required from starting tocompletion of each project. As every project is started with development of an idea and complete when the desired target or object is fulfilled. With the formulation ofproject life cycle manager able to find out these stages. Every project is pass from these stages. In case ofNorton Motorcycle Company , this organization is now thinking to implement their sports motorcycle with implementation of their race quality . For this purpose management department of Norton Motorcycle Companyuse to revenue project life cycle. Fallowing are the relevant stage of a projects life cycle which define below: ď‚·Project initiation:This is consider as the first stage of project life cycle in which manager find out requirement regarding with implementation of a project. This phase is generally started when manager face any kind of difficulties during the time of operating business. In order to find solution manager create project (Wetter, van Treeck., Helsen, Maccarini, Saelens, Robinson and Schweiger, 2019).
ď‚·Thus it is also known as project solving stage. Manager of Norton Motorcycle Company found issue when their selling rate has been declineand quality of motor cycledecline customers feedback and rate of their complain has been increase these directly effect on the image as well asprofitability rate of organization, thus manager formulate plan regarding with implement manufacturing procedure by using new product and tools as well as launch new bike to attract their customers. ď‚·Project planning:In this phase plan regarding with formulation of project or starting of a project has been developed. In this stage manager found answer regarding each question which includes, why the project has been implemented as well as the benefit , success rate, risk of implementation of project, cost required top execution of project, time and resource required for implementation and running this project all these question answer is to be found by manager. In case of Norton Motorcycle Company , they for formulate policy regarding with improve manufacture process by control cost ad swell as launch new sports motor cycle. Manager select design of motor cycle as well as ď‚·Project execution:It is consider as essential stage of project life cycle in this project is implemented and execute within the organization. In this stage project activities are implemented by employee and they work according to the guideline and instruction given within the project planning stage. In context with Norton Motorcycle Company , they are decided to launch new bike thus manufacturing department on the basis of design structure of bike engaged in manufacture sports bike and they also change process of manufacturing by implementing and launching new bike.It is consider as one of the most complex procedure as rate of arising error in this stage of project life cycle (Yuan, Li, Zheng. and Skibniewski, 2018). ď‚·Project monitoring:In this stage manager evaluate the overall work of project they observe whether organization able to achieve theirtarget or not by using different types of technique of performance measurement. This includes 360 degree analysis.Manager of Norton Motorcycle Company, by using environment scanning technique able to analysis their customers reaction and perception of them towards the newly launch bike in the market, they also recognize competitors strategies and their reaction andcheck goodwill rate of organization, on the basis of that manager able to monitor project
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activities. On the basis of evaluate marketing demand manager of Norton Motorcycle Company able to understand success rate of their project. ď‚·Project closure:This is the last stage of execution of project at this stage manager implement relevant strategies for the purpose of changing or mitigate risk of arising error in project activity, then they evaluate and close the project. Every project is formulate to complete a fixed define target, and when the objective is achieved thenmanager close that particular project. In the case of Norton Motorcycle Company , they launch new bike and after that manager execute changing policies and on the basis of finding success rate of launching new sport bike in market they are close the project. CONCLUSION From the above analysis it has been concluded that operation and project management both approach are essential for business organizations. As on the basis of applying relevant principle of operation management which includes, lean, six sigma, reality, humanity and organizing al these are help in improve performance of organization by controlling cost and improve quality of products and services. Manager before launching any product use project life cycle through which they can easily understands the overall phase and stage on which project has been execute. On the basis of that manager use continuous improvement plan in order to reduce variation or deviation between started target and actual target as well as theses plan also help in improve performance and quality of projects for achieving goals of organization.
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