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Operations and Project Management Assignment - XYZ company

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Added on  2020-10-05

Operations and Project Management Assignment - XYZ company

   Added on 2020-10-05

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Operations and ProjectManagement
Operations and Project Management Assignment - XYZ company_1
TABLE OF CONTENTSINTRODUCTION...........................................................................................................................1ACTIVITY 1....................................................................................................................................11. Implementation of principles of operations management..................................................1ACTIVITY 2....................................................................................................................................42. Preparing and analysing the effectiveness of continuous improvement plan.....................4ACTIVITY 3....................................................................................................................................63. Evaluating Stages of Project life cycle (PLC)....................................................................6ACTIVITY 4..................................................................................................................................104. Using appropriate models, concepts and theories in PLC to differentiate between large scaleand small-scale projects........................................................................................................10CONCLUSION..............................................................................................................................11REFERENCES..............................................................................................................................12INTRODUCTION1ACTIVITY 1....................................................................................................................................11. Implementation of principles of operations management.......................................................1ACTIVITY 2....................................................................................................................................32. Preparing and analysing the effectiveness of continuous improvement plan.........................3ACTIVITY 3....................................................................................................................................53.Evaluating Stages of Project life cycle (PLC).........................................................................5ACTIVITY 4....................................................................................................................................94. Using appropriate models, concepts and theories in PLC to differentiate between large scaleand small-scale projects..............................................................................................................9CONCLUSION..............................................................................................................................10REFERENCES..............................................................................................................................11
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INTRODUCTIONOperations and Production management may be defined as the process of transforminginputs or resources of an organisation into final goods or services with respect to defined,controlled and repeatable processpolicies (Miller, 2017). Operations and production managementare similar to each other but if manufacturing of the products if the prime concern of theorganisation then it is related to production management and if managing of the services is theprime concern it is called operations management and its is somewhat broader in scope. In thisreport XYZ is taken as organisation, which markets and sells home appliances and has very goodmarket reputation. Now company is deciding to enter in large screen television market and thisreport discusses about the appropriate theories and concepts within a given organisation. Thisreport also includes the effectiveness of the continuous improvement plan with the help of usingprinciples of operations management (Slack and Brandon-Jones, 2018). This report also criticallyevaluates the different stage of Product Life Cycle and appropriate project methodologies, toolsand leadership with in the PLC of new project in XYZ. This report also differentiates betweenlarge and small scale projects using appropriate theories, models and concepts in the PLC. ACTIVITY 11. Implementation of principles of operations managementOperation management is the business practice which creates high level of businessefficiency within the organisation (Harrison and Lock, 2017). It is related to the conversion ofmaterials and labour into goods and service with high efficiency as possible in order to maximizethe profits of an organisation. XYZ companyCompany can use concepts such as Sixsix sigmaand lean to improve its operational activities in its business.According to Swink and et.al., (2017) Six sigma is a method of improving the quality ofoperations management and helps in eliminating the defects and errors, reduces costs and savestime ofwithin XYZ company. Operations management involves the design, management andcontrol and implementation of Six Sigma within the XYZ companyCompany. It is a qualityimprovement program but it depends upon the level of operations management in making the sixsigma successful within the organisation. Six sigma will only work in the organisation if there isa proper support fromform the departmental managers. It needs to be carefully designed in orderto improve the quality standards within XYZ. Six sigma helps in improving the processes withinthe organisation as its primary goal is to identify the errors or defects which are present in XYZ's1
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businessXYZ’s business process and to eliminate them. According to Mahadevan, (2015) only3.4 percent of defects should be within per million products or service processes within XYZ. Assix sigma is applied in different aspects of production and planning process which helps inimproving the quality of business process in a company. While implementing six sigma it helpsits employees to improve their time management effectiveness which will result in productiveemployees andemployees and efficient business. Six sigma in XYZ comaonycompanyCompanywill also increase customer loyalty for the new project to be introduced by the company and alsohelp in retaining of the customer for its existing products. By implementing six sigma it alsoincreases customers satisfaction and reduces the risks of dissatisfied customersThere are majorly 2 type of six sigma methodology which could be used by company likethat of DMAIC and DMADV. Among which DMAIC will be done accordingto data in way ofimproving existing products and process. This means that DMAIC stands forFigure 1: DMAIC[Source: Holweg and et.al., 2018]D- Define- This means defining up of objectives of firm what project they are going to start onlike XYZ Company will be producing large screen TV of 58 inch so this will be aim ofcompany.M- Measure-Company will be measuring up all progress during the production andmanufacturing of large TV so that its quality could be maintained.2
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