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Operations and Project Management Assignment Solution

   

Added on  2020-10-05

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Business DevelopmentLeadership Management
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Operations and Project Management
Operations and Project Management Assignment Solution_1

TABLE OF CONTENTSINTRODUCTION...........................................................................................................................1ACTIVITY 1....................................................................................................................................1Critically Evaluate the appropriate theories and concepts of Operations Management.........1ACTIVITY 2....................................................................................................................................3The effectiveness of the continuous improvement plan by using principles of operationsmanagement in XYZ..............................................................................................................3ACTIVITY 3 ...................................................................................................................................5Critical evaluation of product life cycle and preparation of necessary supporting documents5ACTIVITY 4..................................................................................................................................10Critically analysing the theories, concepts, and models that will differentiate between largeand small scale projects........................................................................................................10CONCLUSION..............................................................................................................................11REFERENCES..............................................................................................................................12
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INTRODUCTIONOperations Management is very important. It is concerned with creating as well asdelivering the services and products. It is significant for all type of organisations whether it islarge or small, service or manufacturing, public or private for profit or not for profit. Operationmanagement is important as they are responsible from managing resources till the products andservices are delivered to the customers in order to raise the profitability of the company(Devalkar, Anupindi and Sinha, 2018.). This present report is context to XYZ company which operates in home appliances. Themain product of the company Fridges and Freezers, Gas and Electric Cookers, Washing andElectric Friars. The company is going to introduce LED screens and Stadium Screens in themarket. Thus, Operations management plays a vital role in launching of new product of thecompany. This report will critically evaluate theories and concept of operations management. Theeffectiveness of continuous improvement by using operation management principles will alsoinclude in this assessment.ACTIVITY 1Critically Evaluate the appropriate theories and concepts of Operations Management.Operation management is the heart of organisation. The main function of operationsmanagement is planning, organising, coordinating and controlling the resources needed toproduce a products and services of company. It is the activity of managing the resources whichcreates as well as deliver products and services to the end users. There are various theories andconcept of operation management that plays an efficient role in bringing efficiency theoperations and function of the company. XYZ company is also used the various theories andconcept so that the product they are launching will successfully introduce in the market(Haksever and Render, 2018). Here are various theories and concept of operations management that XYZ company use-Six Sigma Methodology- This is one of the most important approach of operationmanagement that is used to improve current processes, goods or services by discovering as wellas eliminating defects, saving time and minimizing cost. This approach was founded byMotorola in 1986. This approach gain popularity by Jack Welch who incorporated the strategy inits business process at General Electric. Six Sigma Approach came into existence when the senor1
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manager of Motorola complied for the bad quality. The main purpose of using six sigmaapproach is to streamline the quality control in manufacturing or production of the businesses.This approach is very helpful in the development of the entire activities of the operations. It isthe methodology of quality management. This approach is very expensive in implementation butif it is done systematically that it pays for itself and make organisation into industry leaders aswell as centre of excellence. With the use of six sigma approach, XYZ company can improve itsposition in the home appliance industry more as well as become one the best business leader. It isfact that no any company can ignore the quality of the product because customers are nowbecome highly concern about the quality of the products company is offering in the market. XYZcompany is going to introduce LED of big screens for stadiums and grounds, so it is veryimportant that the quality of display should be amazing (What is Six Sigma in OperationsManagemen, .2017).Six Sigma DMADV involves this stages which XYZ will use in the production of LED screensand stadium screens. DMADV is also called as the Design For Six Sigma. Here are the stagedwhich are as follows-Define: It is very important that the goal of the company should be realistic which canable to suits the requirements of customers as well as strategy of business. Measure- It is very important measure as well as identify the requirements of quality aswell as interpret them into lucid project goals. Analyse- Operation manager of XYZ company should analyse alternatives and multipleoption for the consumers along with the estimated project total life cycle.Design- Operation manager should design the entire process at top level before movingforward to elaborate version which become the epitome in order to determine errors as well asmake modifications. Verify- Operation manager verify the final loop of the product and procedure issanctioned by all customers and clients either it is internal or external. Lean Principles- lean principle of continuous improvement is one the best model forcreating an efficient as well as effective organisation. There are five principles in lean principleswhich operation manager will use observe inefficiencies in the company and renders amendedand finer quality to consumers. By using the five principle of lean, a culture of continuousimprovement will be developed in XYZ company as well as it also brings effective flow of work.2
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