Operations and Project Management Assignment - Hot point organisation

Added on - 23 Nov 2020

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Operations and ProjectManagement
Table of ContentsINTRODUCTION...........................................................................................................................3TASK 1............................................................................................................................................3P1 Critical review regarding implementation of operations principle in organisation context3TASK 2............................................................................................................................................8P2 Continuity in improvement plan based on review and analysis........................................8TASK 3............................................................................................................................................9P3 Apply each stage of the PLC along with providing necessary supporting documentation forthe project...............................................................................................................................9TASK 4..........................................................................................................................................14P4 Review and critique the effectiveness of the PLC in application to the chosen project14CONCLUSION..............................................................................................................................15REFERENCES..............................................................................................................................16
INTRODUCTIONOperation management is an branch of administration that gives its contribution incontinuous improvement in performance by offering best goods to their consumers. The mainpurpose of operations management is to concern with converting materials and labour into goodsand services to enhance the profitability of an organization. On the other hand, projectmanagement is the method of organizing all the activities of project. The main purpose of thismay range from new product development to a service launch (Operations and ProjectManagement. 2019). The chosen organisation isHot point,which is an American and Europeanbrand company. This is engaged in the process of manufacturing, marketing and selling of homeappliances. The main products of Hot-point are Fridges and Freezers, electric cars, gas andelectric cookers and washing machines. In present time, company is planning to enter into TVsector, so that they can expand their business. The present report emphasizes on significance ofproject management and operations with its principles, results of their application.Along withthis, importance of continuous improvement plan in business by find out their serious concernsand their proper solution is also been discussed in the report.TASK 1P1 Critical review regarding implementation of operations principle in organisation contextThe implementation of operations management firstly emphasizes on the process ofmanufacturing and operation, which drives information and enables to develop and plan businessstrategy. Every organisation management team is assigned with a specific task. There are someprinciples which are described below, which should follow by the organisation in order toachieve positive outcomes :Operation Management Principles1.Principle of RealityIn this principle, operation manager has thetendency to focus on the tool rather than theproblem, because no problem as permanentsolution but might be possible that any tool or
technique can provide a better solution (Artto,Ahola and Vartiainen, 2016).2.Principle of OrganisationIn this principle, all departments of anyorganisation like Hot-point are interconnected,so that their work can be organise in effectiveway in order to achieve targeted goals. In this,it is necessary for an organisation to performtheir business activities in an appropriatemanner, so that they can easily attain theirbusiness goals and objectives.3.Principle of FundamentalEverybody in the industry should stick to thecommon key on which all the production isbased, and this make sure for the company tohave a great chance of success.4.Principle of AccountabilityIn this principle, the superiors or manager ofHot-point organisation set rules and regulationsfor its subordinates along with theirresponsibilities.5.Principle of SuccessHere in this principle, success means market isvolatile (Fleming and Koppelman, 2016). Inthis principle the thing which satisfy thedemand and need of customers, that thing willbe consider as the up coming product of themarket. So the success is always define withthe need of customers.Six SigmaSix sigma is the set of tools and techniques for the process of improvement. Six sigma isused to eliminate the defect and to reduce the cost of the company. The tools of six sigma is
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