Table of Contents INTRODUCTION...........................................................................................................................3 Activity A.........................................................................................................................................3 Critically evaluate the appropriate theories and concept like lean principles, six sigma methodology in xyz organization................................................................................................3 Activity B.........................................................................................................................................4 Analyse the effectiveness of continuous improvement plan by using principles of operations management in XYZ..................................................................................................................4 Activity C.........................................................................................................................................6 Criticallyevaluateeachstageofprojectlifecycleandalsousedtheappropriate methodologies , tools and leadership in the PLC.......................................................................6 Activity D.......................................................................................................................................11 The use of proper theories, models and concept in PLC or differentiate between the small scale and large scale project.....................................................................................................11 CONCLUSION..............................................................................................................................13 REFERENCES..............................................................................................................................14
INTRODUCTION Operation and project management is a based on planning or execution of different function in the organization to manufacture the best quality of product and also provide the services to consumers. This report will discuss about the appropriate theories and concepts such as lean principles, six sigma and methodologies. It also analyzes to continuous improvement plan by using the principles of operation management in organization.Furthermore, this report will discuss about the stages of product life cycle to the project development and also used the appropriate project methodologies and tools to manage the business operations in effective manner. At last, this report will analyze the concepts and model in PLC will differentiate among the small scale and large scale project. Activity A Criticallyevaluatetheappropriatetheoriesandconceptlikeleanprinciples,sixsigma methodology in xyz organization Operation management theory is concerned with the controlling of production process and enterprise operation in efficient manner. This strategy will help for XYZ design to incorporate accelerated changes in the software and hardware components. Six Sigmas is the best approach that mainly focused towards on quality of product and service. Xyz organization is produced new product in market such as large screen television etc. This organization will use six sigmas methodology to design the product and improve the performance in the industry. The main purpose of theory is to control the quality of system and process along with eliminating the error and threats (Daniel and Daniel, 2018). On the other hand, This theory is identified the defects and remove causing element in the large screen television at the time of manufacture. In this theory, the organization follows some steps to target the value of project development. Six sigma helps in manufacturing to reduce the time cycle, reduce production cost and increase the profit rate or customer satisfaction of customers. Six sigma set up their processes and system which include the financial processes and measurable metrics etc. they use the appropriate approach to identify the project to achieve the business goals. There are some important steps follows in production development such as Measure, analyze, improve and control.
Lean principle is based on the product development to originally were developed by the lean manufacturing. It encourages the organization to continuous improvement and implement fundamental idea towards the product development. This principle is divided into different phase to maintain the business operations and functions. Lean principle is provided a framework for creating an effective and efficient in the firm. It allows for manager to identify the inefficiencies in the form to deliver the better values to the consumers (Haksever and Render, 2018). This principle always encourage for creating a better flow of work in processes and improving the culture of organization. In this way, XYZ firm can remain to maintain the competition level and also increase the value delivered. There are following steps consider for improving the efficiency and performance at workplace. The initial stage of lean principle to identify the need and requirement of consumer. It is important to understand the values and what the consumer is willing to pay for. Sometimes, the customer may not know that what they want. It is the most common situation so that XYZ firm is used the different technique to determine that needed and find out the valuable thing for client. Therefore, the manager is identifying and mapping the value stream which is primary goals to usethe clientvalueaspreferences point towardsthenewproduct development. It also eliminating and reducing unnecessary processes that ensure the customer are getting the same what they want (Hicks, 2018). The inventory is to be considered the biggest waste in the production system so that XYZ uses the pull based system to limit the inventory and progress in their work. This system allows for just in time delivery and manufacturing where the products are created. On the other hand, the manager organize at workplace to minimize the time that needed for finding the information related the product development activities. In this way, XYZ firm is provided the best quality of product and service to customer. Activity B Analyse the effectiveness of continuous improvement plan by using principles of operations management in XYZ. Operations management is a process that help for organization to perform different task in systematic manner. It is needed for manager to understand the need and requirement of enterprise to implements new idea in product development. Manager always focused towards the business process to increase the productivity and profitability in marketplace. The continuous
Paraphrase This Document
Need a fresh take? Get an instant paraphrase of this document with our AI Paraphraser
improvement process is the best part of xyz organization to identify the several issues that must have taken into account in order to achieve the goals and objectives. There are determined the continuous improvement plan process to manage the business task in proper manner.ï‚·Formalizationandstructure-Formalizationprogramisapartofcontinuous improvementtocreatestructureandestablishedtheproperstrategythathelpfor identifying the improvement process in proper manner (Li and Ouyang, 2018).ï‚·Continuity/Duration-A continuous improvement process is integrated with the business process of organization and used to generate the proper outcomes and results with the help of strategies. For Example- Toyota production system is continuously maintained their routine and also completed the work in time duration.ï‚·Scope of project and deployment-if the continuous improvement process is inadequately deployed and poorly working so that the process become less effective. In this way, XYZ firm is not achieved their goals and objectives. Continuity is an important factor in the project improvement plan and process in effective ways. In order to improve the routine of every level of organization.ï‚·Training-It is necessary for organization to continuous modify the structure of policy that implemented at every stage of improvement plan. In xyz, manager is provided the best training to their employee by using methodologies and tools for the analysis. The large scale training is reasonable to focus on the business agent of change the strategies according to requirement. An effective tool or methodology helps for organization to improve the quality of product development. On the other hand, the employee aware about the new tools to improve the project plan.ï‚·Methodology and tools-The existence of common method that include the proper routine steps of business operations to improve the project. The systematic analysis process always replace the threats and errors that generate at the time of execution (Louis and Dunston, 2018). XYZ firm is used the six sigma methodology for improving the existing product and their process. It should be maintained the quality of product to meet the requirement of client. ï‚·Performance Measurement- The development of continuous improvement plan requires a process of measuring and monitoring the results against the objective strategies in
organization. It is essential of xyz organization to apply the technique to identify the speed of operations such as KELLY, 2003; etc. Activity C Critically evaluate each stage of project life cycle and also used the appropriate methodologies , tools and leadership in the PLC. Project life cycle is a type of framework that help for managing the project within organization. Manager is responsible person to handle the business tasks and also determine the best process for completing of project in proper manner. In XYZ, It is the standard process by which the team achieve the project success (Muller, 2018). This organization is planning to develop the large screen television because there are many people attracted towards the product which is the best for company to increase their productivity and profitability in marketplace. The standard project life cycle mainly works for project manager but the professional services needs a robust process. There are some important stages of project life cycle. Business case of project life cycle- Stage – 1 The initiation phase This is the initial stage of project development life cycle to identify the concept and theories behind the project. It is beginning phase related the conceptualization to plan strategy according to the need and requirement. This phase is including the preliminary evaluation of ideas, it is an essential for analysing the risk and threats that generate at the time of executions. It is needed to determine the performance, cost, time and resources for large screen television development project. Conceptualization phase also includes the feasibility of efforts. Stage – 2 The planning phase This is the second phase of project life cycle. It mainly focused towards the refinement of elements that describe the conceptual phase. It is required for organization to determine the resources that needed for establishment. Project manager is calculated the different parameters such as performance, efficiency, time and cost (Slack and Brandon-Jone,2018). This phase is including the preparation of all documentation necessary to support the entire operations of product development. For project based on the competitive bidding, and conceptual phase includes the decision and planning phase includes development of total bid package.
Stage- 3 Project / system cost Project cost is based on the amount of estimating which involves, analyse the system cost at the time of conceptual and planning phase. It is not easy task to complete the project in appropriate manner. XYZ firm is determined the cost of project and system. The system cost can be broken down into operating and implementation. The implementation cost also includes the one time express like detailed planning, constructing new facility, purchasing hardware and software etc. These are required for manufacturing the efficient product in marketplace. In this way, XYZ firm easily identified the overall cost and budget of product development. The cost of project development is approximately $123, 89. This will be the overall cost of project development in XYZ organisation. Stage – 4 The cost benefit analysis This phase is analysing the total cost of project in proper manner. It is the best approach to estimate the strength and weakness of project.It is needed for organisation to estimate the value of information that obtained from the system. This analysis is also included the feasibility study. There are various type of situations happen during this stage such as competitive bidding where the analysis is actually based on the conceptual phase. Stage- 5 Testing phases This phase is predominantly a testing and final standardization to perform the different task according to the requirement of project development. This process will happen after designing the product to check their performance, efficiency and working. It is necessary for organization to verify the product properly and then launched in marketplace.In this phase, all the documentation must be completed in the stage (Song and et. al., 2018). XYZ is developed the large screen television in market to check their working performance in appropriate manner. It is necessary for manager to handle all the functionality of project development because this will be helped for increasing the productivity and profitability in marketplace. Stage -6 Implementation phase During this phase, The implementation phase is based on the project planning to perform different functions. It is important for organisation to control and maintain, communicate which needed during the implementation. In XYZ, the project manager spends lot of time in execution process to handle the task and progress the information in proper manner. They use the relevant information to provide the right direction to develop the new product. It is a step by step
Secure Best Marks with AI Grader
Need help grading? Try our AI Grader for instant feedback on your assignments.
procedure where the project sponsors and stakeholders should be kept the information related the project development status. The plan should be published and updated on time. The project delivered to the client on the basis of their need or requirement. Once the deliverable have been produced and consumer has accepted the final product. The product was developed for the establishment of marketable item, then this phase is included the life cycle phase of deterioration. Growth, market value and maturity etc. Stage –7 The termination phase This final phase is termination or closure and includes the resource's reallocation. XYZ company sell the new product in open market (Tonchia, 2018). As one product starts, the death and deterioration phases of life cycle because the new product or project must be established. Such a company would require continuous stream of project as essentially for survival. Manager is planning product development ideas to identify the total revenue will help for increasing the growth of organisation. Illustration1: Project life cycle (Source :project life cycle, 2018)
Work Break down structure- This figure shows the structure of work break down of organization. XYZ firm is broadly divided the different stages on the basis of planning to identify the resource's, developing budget, conducting customer research, designing concepts and implementation of large screen television etc. These are important factors that applicable in the project development. In XYZ, the manager is planning the entire strategies and also break down the working structure in step by step. It is an essential for large screen television project development to perform the different operations and functions on the basis of working structure. All the team members are performed task to identify their specific role and responsibility. Manager can be divided the role on the project development life cycle on the basis of their capabilities and abilities. Illustration2: work-break down structure
Model, methodology and Tool used in project- XYZ is used the water fall methodology which based on the sequential process. This model is divided into two ways such as collecting and analysing the requirement, implementing the solution, designing the solution and fixing issues. This organisation uses this method to performed different task step by step in the development of large screen television. It can be represented into following ways. (Source :Waterfall model, 2018) Thismethodologyiseasyfororganisationtouseandunderstand,itprovidestheclear demarcation between the steps that helps to organize and categorize in appropriate manner. It is the best method for developing the project on the basis of requirement and resources. On the other hand, XYZ firm uses A Gantt chart which is the most popular management bar that help for tracks all the task in proper manner. It also shows the relationship between the differer task. This project is used the work break down structure is based on hierarchical composition of deliverable that needed to complete the project with proper break down. This tool is applicable in development of large screen project to plan the resources according to the need and requirement. Illustration3: waterfall model
Paraphrase This Document
Need a fresh take? Get an instant paraphrase of this document with our AI Paraphraser
In XYZ, The manager is used the democratic leadership style to manage and not just for manage the smaller decision but also manage on regular basis. This leadership style has changed on the basis of environment. It is beneficial for organization to maintain the project development life cycle by using democratic leadership. When the situation changed frequently during life cycle, democratic leadership offers the best deal of flexibility to adapt to the better things in development. Activity D The use of proper theories, models and concept in PLC or differentiate between the small scale and large scale project. Small scale project is the specific type of project management. It also divided by various factors such as resources, budget, short duration, time, complexity and committed to deliver the project. On the other hand, large scale project is usually based on the range of project that categorize on the basis of requirement. It depends on less and more view of stakeholder and how they implement the idea in the respective project. Small scale projectLarge scale project ConceptsSmallscaleisthemost common form of project that managed by the manager. It is running the small project may be essential for core business. Thisprojectisrequired minimumresources,less budget and minimum revenue generated(Tonchia, Tonchia and Mahagaonkar, 2018). Large scale project is based on the large range that managed by the manager. This project has required the less money, resourcesintheproduct development.Largescale project depend on the funding thatprovidedbybanksand investors.It is necessary for newproductdevelopmentin marketplace.Itisrequired large resource allocation, large amount of budget etc. TheoriesSmallscaleprojectis basicallyusedthelean Large scale project is used the sixsigmainproject
principle theory that help for reducing the waste during the productionlifecycle.Itis neededfororganizationto control the waste because it is small scale and less resources applicablesothatitis necessaryformanagingthe resources in proper manner. developmentprocess.Itis beneficialforlargeproject developmenttoimprovethe efficiency and performance of project.Sixsigmasis structured base approach in the organization for identifying the problembyreducingand eliminatingtheriskor variability. Models Small scale project is used the water fall model because it is based on the sequential model thathelpforperforming differenttaskinappropriate manner.Thismodelallows forcontroland departmentalization. Manager isplanningtofixdeadline whereeachstageof developmentperform different operations by using waterfallmodel.Thisis simpleandeasytomanage the rigidity and processed or complete at time. Large scale project is used the spiralmodeltodetermine constraintsandobjectiveof projectdevelopment.This model provide the indication of problems that arises during theexecutions.Thismodel willhelpforincreasingthe costs and also decrease the risk in project development. This modelisperformingthe varioustasktoprovidethe facilityintheproduct development. It analyzing the riskandthreatinproduct development.
CONCLUSION As per discussion, it concluded that project development life cycle is essential for project developmenttoidentifyallrelevantresources,cost,budget,toolandmethodologythat applicable in the development. It also analysis the effective improvement plan and implement the theories in the project life cycle. It summarized the different stages of project development cycle and uses the appropriate tools, methodologies and leadership style within PLC. This report is also analysed the use of models, concepts and theories in the project life cycle. It also differentiates among the small scale and large scale project within project life cycle.
Secure Best Marks with AI Grader
Need help grading? Try our AI Grader for instant feedback on your assignments.
REFERENCES Books and Journals Daniel, P.A. and Daniel, C., 2018. Complexity, uncertainty and mental models: From a paradigm of regulation to a paradigm of emergence in project management.International Journal of Project Management.36(1). pp.184-197. Haksever, C. and Render, B., 2018. Service and Operations Management.World Scientific Books. Hicks, A.L., 2018. Saving energy through multifunctional consumer products: an analysis utilizingcurrentliteratureandlifecycleassessmentmethodology.TheInternational Journal of Life Cycle Assessment.23(2). pp.267-278. Li, H. and Ouyang, T., 2018. Boundary spanning strategies of internet companies in the context of big data.Multimedia Tools and Applications, pp.1-18. Louis, J. and Dunston, P.S., 2018. Integrating IoT into operational workflows for real-time and automateddecision-makinginrepetitiveconstructionoperations.Automationin Construction.94.pp.317-327. Muller, G., 2018. Module Modeling and Analysis: Application and Life Cycle Modeling. Slack, N. and Brandon-Jones, A., 2018.Operations and process management: principles and practice for strategic impact. Pearson UK. Song, X. and et.al., 2018. Life-cycle energy use and GHG emissions of waste television treatment system in China.Resources, Conservation and Recycling.128.pp.470-478. Tonchia, S., 2018. The International Standards of Project Management. InIndustrial Project Management(pp. 7-20). Springer, Berlin, Heidelberg. Tonchia, S., Tonchia and Mahagaonkar, 2018.Industrial project management. Springer.