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Operations and Project Management Principles - Assignment

   

Added on  2021-01-03

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Operations and ProjectManagement

Table of ContentsINTRODUCTION...........................................................................................................................1TASK 1............................................................................................................................................1P1 Conduct a review and critique of the implementation of operations management principleswithin an organisational context.................................................................................................1TASK 2.......................................................................................................................................4P2 Prepare a continuous improvement plan based on the review and critique of operationsmanagement principles within an organisational context...........................................................4TASK 3.......................................................................................................................................6P3 Apply each stage of the PLC to a given project, producing necessary supportingdocumentation for completing the project e.g. a business case, project plan, work breakdownstructure.......................................................................................................................................6TASK 4.......................................................................................................................................8P4 Review and critique the effectiveness of the PLC in application to the chosen project usingappropriate theories, concepts and models..................................................................................8CONCLUSION................................................................................................................................9REFERENCES .............................................................................................................................10

INTRODUCTIONOperation management is the process in business administration to create higher level ofefficiency within the organisation (Turner, 2014). It is mainly connected with convertingmaterial and labour into goods and services so that highly efficient goods and services should beproduced to gain maximum profit share in business organisation. It includes fully utilization ofresources in order to attaining desired outcomes and results as well. This report is based on XYZcorporation which deals in home appliances and have a good market share and reputation also inits product line. It sells fridges and freezers, gas and electric cookers with washing machines andplan to expand in Television market with new and innovative product which is 58 inches TV.The report also include operation management principles in organisational context. It determinescontinuous development plan on the basis of some issues to give suitable solution of theproblems. Further it includes discussion about product life cycle and contribution of each andevery stage in development of business organisation and selection of the most important theoriesand models that help in PLC.TASK 1P1 Conduct a review and critique of the implementation of operations management principleswithin an organisational context.In a business organization, operation management play a vital role for getting outputsfrom various types of input. Operation management is used in every type of businessorganization whether it is manufacturing entity or service provider. It includes various activitiesto get higher profitability and organizational growth such as planing, organising andestablishment of needed improvements. Operation management is multidisciplinary task which isused by every department of a business organization. It provides effective result by whichorganization can use its resources in perfect way. The major principles of operation management: To understand the potentiality ofoperation management there is need to understand its principles that gives important insights andknowledge in organisational development and its enhancement that are as follows: 1.Reality: This principle means that a business organisation have to focus on problemrather than methods and techniques because there is not any tool that is self sufficient inproviding a universal solution of problem (Subramanian and Ramanathan, 2012). It1

means not a single tool or method can solve problem properly. In case of XYZcorporation by analysing the problem or need of consumers they aimed to launch a newproduct in the market segment.2.Organisation: organisation is a whole group of work and activities in which they all areconnected with each other to give effective results. In organisation all manufacturingactivities are connect with each other to give at last best product and services to theirconsumers (Gunasekaran and Ngai, 2012). So in case of XYZ corporation their each andevery element should connect with each other to get best outcome in organisationaldevelopment. For example in XYZ organisation, all departments and activities areconnected with each other, when they launch a new product that is TV in that scenariothey connect with each department. Marketing department identify need and requirementof customers in order to providing them quality services properly. So in organisation eachand every department connect with each other.3.Fundamentals: This principles refers that 80% of success carried out from the oldmaintaining records and techniques and 20% comes from the application of newprocesses and techniques to that are important steps in progress of organisationaldevelopment. In case of XYZ corporation in present scenario it works to give bestproducts as new TV of 58 inches. 4.Change: There will always be new theories and solutions, so customers will not stick toone or the other, but embrace the change, and manage for stability in the long term. Incase of XYZ organization, it is unable to adopt changes which occurred day by day.Hence, in present scenario employees and managers are unable to give their best. 5.Variance: It refers to different organisational processes that are prevail simultaneouslyso management of these activities work as a creatively. In case of XYZ corporation itmanage various activities simultaneously to get effective results.Six sigma: Six sigma is a statical tool and technique that work on reducing defects andimproving variability in processes (Fleming and Koppelman, 2016). In six sigma process majorattributes includes measurement, improvement and validate work and activities. That processhelps in measure the current performance and increase the performance of organisation by usingstatically improved performance and tools. This method is associated with DMAIC that stands2

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