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Operations & Project Management

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Added on  2023-01-19

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This study material provides an overview of operation management and project management principles. It discusses the difference between operation and operational management, critiques the execution of operations management principles, and analyzes the usefulness of operations management for businesses. It also explores continuous improvement as a philosophy and describes the Lean principles. Additionally, it includes a continuous improvement plan and recommendations for improvement. The second part of the material focuses on the overview of Portakabin, its project life cycle, and the effectiveness of the PLC. It critically analyzes different theories, concepts, and models for large and small-scale projects.

Operations & Project Management

   Added on 2023-01-19

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Table of Contents
INTRODUCTION...........................................................................................................................1
PART 1............................................................................................................................................1
Overview of the chosen organisation.....................................................................................1
Difference between operation and operational management.................................................1
Critique and review of the execution of operations management principles.........................1
Analyze the extent to which the operations management is useful for the business..............2
Discuss continuous improvement as a philosophy and describe the Lean principles............3
Prepare a continuous improvement plan................................................................................4
Recommendations..................................................................................................................5
PART 2............................................................................................................................................5
Overview................................................................................................................................5
Project Life Cycle...................................................................................................................5
Critique and review effectiveness of PLC by using concepts and models..........................10
Critically analyse how different theories, concepts and models could be used between large
and small-scale projects........................................................................................................11
CONCLUSION..............................................................................................................................12
REFERENCES..............................................................................................................................13
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INTRODUCTION
Operation management is set of several business practices which helps an organisation in
creating the higher level of efficiency in the production activities so that productivity and
profitability of the business can be increased. It is also concerned with converting the raw
material into finished goods in order to maximise the profit (Operations and Project Management,
2019). The project management is a process of initiating, planning, executing, organising,
controlling and monitoring the company's monetary and non monetary resources in order to
accomplish a specific project. In this study, the two organisations will be taken which are M&S
and Portakabin, these both are operating their business under manufacturing activities. This file
will cover about the various principles of operation management and effectiveness of continuous
improvement plan. Along with this, the effectualness of project life cycle in effectively
completing the project will also discuss in this report.
PART 1
Overview of the chosen organisation
Mark and Spencer is a multinational British retailer which is operating their business in
manufacturing the high quality clothes, food and home products. This company is formed by
Michael Marks and Thomas Spencer in 1884 and its headquarters are situated in London and
Westminster. M&S have almost 1463 outlets worldwide and almost 80,787 employees which
enables them to cover a huge marketplace(Heldman, 2018).
Difference between operation and operational management
Operations refers to those activities or functions which are conducting by an organisation
to convert its raw material into finished goods in order to earn higher profit by delivering them to
the customers. Whereas, the operation management is an important part of the management team
in which the manager concern for various processes like designing, executing, controlling and
redesigning of the business operations in the production of goods and services.
Basis Operation Operation management
Definition Operation refers to the
activities which are
undertaking to create the
This is mainly concern for
producing and delivering
products and services.
1
Operations & Project Management_3
product.
Found in This is generally found in that
enterprises where production is
considered as major activity.
It can be seen in hospitals,
banks, companies, agencies
etc.
Objective The main objective of
operations is to manage the
production activity so that
goods can be delivered at right
time to right customers at
affordable prices.
Objective of operation
management is to best utilise
resources so as to meet the
requirements of the customers.
Critique and review of the execution of operations management principles.
Operation management has various principles which are useful for the business
organisation in reaching their strategic targets and goals. In order to implement an appropriate
principle within their business, operation manager of the M&S must focus on analysing and
reviewing these principles effectively so that the profitability and brand value of the business can
be maximised. As the M&S give their main focus on smoothing their supply chain and gain
competitive advantage so that it is necessary for them to go through from these principles:
Principle of Organisation: This principle depicts that an organisation must stay concern
for proper utilising of all the organisational resources so that production activities of the
business can be operated in a significant manner. In the case of manufacturing company
like M&S, in order to make their supply chain smooth and gain competitive benefit they
should use the innovative techniques and using hybrid trucks so that the quality and the
delivery system of the business can be improved. But in this case the overall cost of the
business will be increased.
Principle of Change: This principle define that changes which are required within the
technologies in manufacturing activities should be adopted by the business organisation as
it enables them to operate all the activities as per current market trends. M&S must adopt
these changes in their organisation in order to meet the improve the supply chain and gain
2
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