Operations and Project Management : Rolls Royce

   

Added on  2021-02-20

14 Pages4595 Words149 Views
Operations andProject Management
Operations and Project Management : Rolls Royce_1
Table of ContentsINTRODUCTION...........................................................................................................................1TASK 1............................................................................................................................................1P1 Review and critique on implementation of operations management principles.....................1M1 Review and critique on implementation of operation management......................................2TASK 2............................................................................................................................................4P2 Preparation of continuous improvement plan based on review and critique of operationsmanagement principles within organisation................................................................................4M2 Analysis of effectiveness of continuous improvement plan..................................................6TASK 3............................................................................................................................................6P3 Description of PLC and explanation and application of each stage to the project, includingdocumentation..............................................................................................................................6....................................................................................................................................................10M3 Analysis of rational for the project methodologies, tools and leadership within PLC........10TASK 4..........................................................................................................................................10P4. Review and criticism of the effectiveness of the PLC in application to the project............10M4 Critical analysis of the way in which appropriate theories, concepts and models in the PLCwill differentiate between large and small-scale projects..........................................................11CONCLUSION..............................................................................................................................11REFERENCES..............................................................................................................................12
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INTRODUCTIONOperation and project management can be defined as two different elements that arerequired to be focused by a manager in order to formulate strategies for the purpose of analysing,monitoring, controlling, assessing the projects that are going to be completed in future. With thehelp of it different activities that are related success of business could be performed appropriately(Aboutalebi and Garousi-Nejad, 2015). This report is segregated in two parts in first part anorganisation is taken which is Rolls Royce which is a British Luxury automobile companymainly established in United Kingdom. This part covers various topics such as review andcritique of the effectiveness of operations management principles and application of the conceptof continuous improvement to the company. Second part is based upon a manufacturingcompany based in Midlands which is SPE Ltd (Swiftool Precision Engineering). The companymanufactures critical parts for machines for aerospace, nuclear and oil gas sector. It was foundedby Handley Family in year 1985. This part covers different topics such as overview of case studyand description of PLC with explanation of each stage.TASK 1P1 Review and critique on implementation of operations management principlesIntroduction to the organisation: Rolls Royce is a automotive sector organisationwhich is mainly established in United Kingdom and considered as one of the 10 largestmanufacturing companies of UK (Rolls Royce, 2019). It was founded by a German group BMWin year 1998 and since then the company is executing its business operations all around the worldsuccessfully. It headquarter is in Goodwood, England, UK. In order to enhance profitabilitymanagers of organisation have planned to launch new models in the market so that large numberof customers could be attracted towards company. For this purpose they require various thingssuch as monetary resources, employees who can contribute to reach the long term objective ofthe enterprise.Explanation of operations vs. operations managementOperation: In order to run a business different activities are performed all of them areknown as operations. Different operations are performed by Rolls Royce which includesmanufacturing, distributing cars etc. to the clients.1
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Operation management: The process which is used to administer all the operationalactivities is known as operations management. In order to execute business appropriatelymanagers in Rolls Royce use it so that different projects could be controlled, analysed andmonitored properly.OperationsOperations ManagementSet of different business activities known asoperations.It can be defined as the process of analysing,monitoring and controlling businessoperations.Employees of an entity are responsible toexecute operations.Managers in organisations are responsible toconduct operations management.There are various operation management principles that could be implemented bymanagers in their organisation. Some of them in context of Rolls Royce are described below:Principles of operations planning: According to this principle, managers in businessentities are required to understand basic manufacturing planning and techniques in order toconduct the planning process of operation in appropriate manner. It is implemented within RollsRoyce by managers as it guides them to execute all the operational activities effectively. If all therequirements are not fulfilled by the company for this principle then it can result in decreasedefficiency in operations (Principles of operations management, 2017).Principles of inventory management: It states that employees in all the business entitieshave liability to make sure that inventory is managed properly or not. It is implemented in RollsRoyce by managers in order to allocate roles and responsibilities to staff members regardingcontrolling of stock which are used to execute different operations. When they fails to awareworkers regarding their job then it can result in critical situation for business such asinappropriate management of goods for manufacturing cars.M1 Review and critique on implementation of operation managementOperation management is a technique which helps to meet the long term objectives byhelping managers to conduct all the business activities in appropriate manner. As Rolls Royce isplanning to enhance its profits in upcoming period by launching new cars in the market so formanagers it is vital to manage the projects appropriately (Fewings and Henjewele, 2019).Operation management helps to fulfil all the requirements of organisation by guiding managersto arrange all the activities appropriately. In order to increase profitability various resources are2
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