Operations and Project Management in Aston Martin: A Critique and Regular Development Plan
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This report discusses the principles of operations and project management in Aston Martin, including a critique of their execution and a regular development plan. It covers the lean principles and their application, as well as evaluating the extent to which the functions management of the enterprise fulfills the needs of the firm.
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Contents INTRODUCTION...........................................................................................................................1 PART 1............................................................................................................................................1 Introduction of organisation.........................................................................................................1 An explanation of operations vs operation management.............................................................1 A examine and critique of the execution of operations management principles within the selected firm.................................................................................................................................2 An evaluation of the extent to which the functions management of the enterprises in the case study fulfils the needs of the firm................................................................................................3 Discussion of regular development as a philosophy and define the Lean principles..................4 A regular developments plans, consisting the justified recommendations to growth, based on the critique and re-examine of functions management principles in the enterprises...................4 CONCLUSION...............................................................................................................................5 REFERENCES................................................................................................................................7 PART 2- PROJECT PORTFOLIO..................................................................................................8 PROJECT TITLE.............................................................................................................................8 AN OVERVIEW ABOUT THE GIVEN CASE STUDY...............................................................8 EXPLANATIONOFEACHANDEVERYSTAGEOFTHEPLCANDTHEIR APPLICATION TO THE SELECTED PROJECT.........................................................................8 Project Initiation...........................................................................................................................8 Project Planning...........................................................................................................................9 Project execution..........................................................................................................................9 Project Closure.............................................................................................................................9 ANALYSIS OF TOOLS AND PROJECT METHODOLOGIES.................................................10 ACRITICALREVIEWANDEVALUATIONOFEFFECTIVENESSOFPLC APPLICATIONS TO PROJECT WITH THE HELP OPF APPROPRIATE THEORIES AND MODELS.......................................................................................................................................11 REFERENCES..............................................................................................................................12
INTRODUCTION Operations management is related to approaching strategic and day to day organisation problemsinasystematicmanner.Itincludesredesigningcompaniesoperationsinthe manufacturing of product and services and controlling and designing the process of production. In project management managers have to deal with planning, motivating, controlling and organizing resources of the company in order to attain its success, profitability and goal. For betterunderstandingofoperationandprojectmanagementAstonMartinistakeninto consideration for this report. Aston Martin is an automotive company which manufacture luxury sports car and grand tourers. It is founded in 1913 and have its headquarters in Gaydon, United Kingdom (Alfonso, 2022). This report covers effectiveness of principle of operations management. Application of continuous improvement concept in context in an operational context. PART 1 Introduction of organisation Aston martin is an English producer of luxury sports as well as grand tours, founded in by Lionel Martin on 15thJanuary1913, the headquarters are locate in Gaydon, UK. They serve their products in all over the world and are targetting the local markets now to increase the productivity and customer segment. The vision of Aston Martin is to the world's most ultra- luxury brand, desirable as well as creating the most extraordinary preferable cars. They have planned proper plans for achieving their objectives and goals, which is to design such products which contains modern style and elegance while using it. There are 3000 total number of subordinates working actively in the company, who are dedicated towards the set target which needs to be achieved in the given period of time. It is in more than 160 locations in 53 different countries which creates a good customer base segment of the organisation (Chawla, and et.al., 2021). An explanation of operations vs operation management Operation is the efforts put in by the people for the organization for balanced output. Everything happens within the business to keep it continuous and achieving revenue. In the company there are various kind of operations are done on the daily basis in order to attain successandgoal.Someoftheoperationsareservicebusiness,manufacturingbusiness, 1
merchandise business and many more. In Aston Martin, different operations are done on the daily basis in order to complete task and achieve success. First operation is service business in this their managers sell intangible products to their customers. Second one is merchandising business in this their managers sell their tangible goods to their consumers (Geertsen, 2020). Whereas, Operations management is described to administration of practices of company in order to create highest efficiency level that are possible at workplace. In Aston Martin, operations management is related to converting production factor, including materials, labor, etc intofinishedcarsorotherautomobileinbestpossiblemannerformaximizationof entrepreneurial profits. Key purpose of operations management in the establishment is to maximize efficiency at premise, enhancing productivity and profits while making reduction in costs that suits needs of consumers. Furthermore, operations management in Aston Martin contributes in reduction of resource wastage, enhancing profits together with ensure satisfaction of customers through maximizing efficiency (Heigermoser, and et.al., 2019). A examine and critique of the execution of operations management principles within the selected firm. The operational principle management are a group of of different principles in the term of proper planning, quality controls that assist the firm concern and these are of a potential utilisation when imposed while guiding the management of the firm to get the wanted results. Humility:The administration an the firm managers must respect and feel the truth that there are always few restriction or limitation and so should be ignoring unessential errors and trail in every situation. Execution of these principle saves a more number of finances and times of the firm and transmits a positive impact. Accepting these principle potentially in Aston martin would assist them in potentially decreasing any undesired price which would or else take place. Reality:According to this principle states that the management and the functions should offer more concentrations on higher issue against the smaller approaches that a element of the whole issue. This describe that only using the techniques and tools would never solve the firm's issues until the management does not attempts to acknowledge the real issue. Execution of this principle would help Aston martin to acknowledge the usually occurring firm's problems in better way and solve them impact-fully (Ivankevich, and et.al., 2019). Accountability:Theoperationsmanagementprinciplestatesthatallindividualwhois accountable to manage the firm functions must be responsible to their management and actions. 2
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The leaders should always keep to the balance and checks for ensuring the accountability and effectiveness. Taking responsibility to their actions would assist the managers of Aston martin for handling the firm management better as they are alert of their role precisely and be efficient and fast with their works (Khan, 2019). Causality:The problems in the functional activities always provide a previous indication prior to the literally happening. So to smooth the firms functions this is essential that the firm managers should potentially recognize those respective reasons and problems and remove those problems. So the administration and management at Aston martin should be always alert of the functional assignments and their grade of completion and the problem which are present, if any. Organization:As the production procedure of the firm is internally associated in whole process. Therefore, all the components includes should be consistent and predictable. The operational management will not success to be generating profit it the production strategies is not well organized as it gives to the firm predictability and consistency. Lack of this principle in Aston martin will obstruct the efficiency and effectiveness of the firm as the control and planning is not appropriate (Lee, 2018). An evaluation of the extent to which the functions management of the enterprises in the case study fulfils the needs of the firm. Functional management is an potential elements of a firm review and it gets influenced by the regular modifications which occur in the market and affect the firm. The operational principle management assist a business review to appropriate execution of the essential changes and also make able the firm to put the firm individuality and authenticity strongly. Aston martin utilities these ideas to resolve the issues associating for its profits and productions maximization of the firm. Operation management has provided support, fulfilled needs of business and accomplish the demands of the service user to Aston martin as follows: ï‚·These principles aids the management at Aston martin to execute the modifications and changes presenting in the procedure associated with the production as and at the time whentheyarerecognized(Loudon,andMorley,2019).Thisrepresentsthatthe consumers are the firm's first priority and that is targets at satisfying large numbers of customers. The management at Aston martin therefore evaluates and analyses respective firm advantages through potentially executing the different business movement. 3
ï‚·By the acceptation of all these principles, Aston martin has makes its operational efficiency better in different manners. This has given to the respective products which are being fixed demanded in the field and the element of price efficiency is maintained when targeting to get maximum profit with maximum revenue production(Muscatello, 2022). Discussion of regular development as a philosophy and define the Lean principles. Regular development plan is set of various tasks and activities which are framed to get step wise and small modifications in the firm together with a regular improvement in its services, business procedures and products. This is completed with the support of regular analyze of activities, tasks measurement and taking effective and relevant actions. Lean methodologies:it is pertained as a approach to optimize the business assets, workers, regular efforts and the potential in the firm to the target of producing and making move value to the service user of the firm concern. The five lean principles are following: ï‚·Defining Value: Value is defined as, a customer intents to pay in replacement to the service. Main concentration always remains to offer consumers with highest satisfaction in monetary terms. So Aston martin get success by providing its customer demanded product and services (Range, 2018). ï‚·Mapping of Value stream: Main aim remain finding the different elements which represent whole value of service. Aston martin targets to implement all such elements which require to enhance service price. ï‚·Generate Flow: this principle ensure that all the various steps in production occur in simple way. ï‚·Pull: This principle making sure that it the availability of product only in the needed amount and not in excess. Aston martin also follow these principle to get success. ï‚·Perfection: This principle occur in four steps and ensure the perfection of the service and products. Aston martin aims to achieve perfection to get growth and development. A regular developments plans, consisting the justified recommendations to growth, based on the critique and re-examine of functions management principles in the enterprises. Regular development strategy usually reflects the various set of procedures that come along to help in providing the various alternative and changes as the needed by the enterprises as 4
in the type of regular modifications and changes. This helps the organisation for increase their range of services and products and another others business procedures. The regular development strategy to Aston martin as a business enterprises can be evolved in the given manner: ï‚·Plan:It refers to recognising a proper chances and making a plan to achieve growth. Aston martin effectively evaluates the market that they trade in and then create strategies on a plan that they want to execute in the enterprises which will assist to increase their profits together with offering buyer a good experience. ï‚·Do:This describes implementation of the strategy initially on a lower level so that the results get can be analysed, examined and assessed in an simple manner. Aston martin then executes their plans on a lower level in few of their key stores to evaluates and examine the outcomes achieved and their potential(Wedel, and Behnezhad, 2019). ï‚·Check:it pertains to assessment of the outcomes achieved from the overviewing the lesson and test executing that were learned in the way of this projection and strategy. Aston martin then reviews all the respective field where the plan failed to be executed as aspectedand find those area which may come up as a critical condition and task to the enterprises. ï‚·Act:Ifthetestperformedfunctionsoutinaspectedway,thenthereoccursthe requirement to implementing that respective plan on a very large grade in the enterprises and evaluate the results and then as per. Aston martin then implements the respective procedures, law, regulation and policies on a bigger level as to get profit and production in large amount. The fields that the enterprises feels are still lacking could then be increased with regular development strategy(Yue, and et.al., 2020). Thisis regular cycle process which may even not success sometime so if it happens, the enterprise is needed to revise the whole process. Then if the strategy executes, it should analyse andexaminestheoutcomeandrestartagainwithafreshmannertomakeappropriate developments. CONCLUSION As per the above argument, it has been concluded that operational management and operations are two various but inter-associated terms. Functions associates to decisions and process of manufacturing and production however operational managements pertains to production of maximum efficiency in the enterprises by utilising the various assets and handling 5
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the enterprises functions. This project has been concluded on the fundamental concepts of regular developmental strategies and the way how it could be executed in Aston martin to get advantage for its operations. The lean principle approaches along with its key principles is also explained to give an summary as how the enterprises can uses it to get benefit for the firm. 6
REFERENCES Alfonso, J.M., 2022. Streamlining the operations of the digital partnerships and fintech team of Sun Life Philippines through Trello. Chawla, V.K., and et.al., 2021. Evaluation of green operations management by fuzzy analytical hierarchy process.Materials Today: Proceedings,38, pp.274-279. Geertsen,A.,2020.MaintainingOperationsandStaffMoraleamidRedevelopmentand Construction.Healthcare Quarterly (Toronto, Ont.),23(2), pp.58-61. Heigermoser,D.,andet.al.,2019.BIM-basedLastPlannerSystemtoolforimproving construction project management.Automation in Construction,104, pp.246-254. Ivankevich, A., and et.al., 2019, September. A proactive strategy of ship maintenance operations. In2019ieee14thinternationalconferenceoncomputersciencesandinformation technologies (csit)(Vol. 3, pp. 126-129). IEEE. Khan, U.A., 2019, November. Operations readiness and assurance-A practical example. InAbu Dhabi International Petroleum Exhibition & Conference. Lee,C.K.H.,2018.Areviewofapplicationsofgeneticalgorithmsinoperations management.Engineering Applications of Artificial Intelligence,76, pp.1-12. Loudon, J. and Morley, L., 2019. Balancing Projects and Operations to Improve Organizational Capability.Journal of Medical Imaging and Radiation Sciences,50(2), pp.199-205. Muscatello, J., 2022. An innovative approach to operations management building partnerships with local professionals.Journal of Education for Business, pp.1-3. Range, S., 2018.Using agile development methods to enable a threat-based security operations center(Doctoral dissertation, Utica College). Wedel, T. and Behnezhad, A., 2019. Precision Auto Clone: an integrated quantitative operations management case.International Journal of Teaching and Case Studies,10(3), pp.209-234. Yue, S.H.I., and et.al., 2020. Research on the Comprehensive Integration of Military Facility Construction Project Management.Operations Research and Management Science,29(9), p.204. 7
PART 2- PROJECT PORTFOLIO PROJECT TITLE The title of the project is constituted for an organisation with an on-site food catering facility with a total of about 1250 employees. There are loads of activities that happen inside the business premises, that can cause a lot of distraction and hamper the productivity of employees mildly impacting the business goals of the organisation. The project highlights the problem of increased absenteeism in employees. An insight about constant disturbance with ongoing movements of the employees in the organisation is also mentioned. AN OVERVIEW ABOUT THE GIVEN CASE STUDY Thegivencasestudymentionstheissueofcongestionwhichcausescontinuous disturbances within the organisation due to constant movement of employees in and out. There are about 1250 employees that suffer from the issue of congestion. There is also mention of designing of an on-site catering service to reduce the intensity of disturbances that hamper the overall productivity of employees (Wilson, Bhakoo and Samson, 2018). The main aim of this case study is to intend to solve the issue of congestion as it is negatively impacting the efficiency of the organisation along with their company output. The movement of employees outside the premises of organisation, leading to higher consumption of junk food items. The irregularity in consuming balanced diet leads several diseases affecting the health of employees. Therefore, the administration of company has taken into account this aspect of employees and decided to bring forth different strategies for reducing the consumption of junk food items. Bad employee health has the potential to negatively impact the productivity of the firm. Effective policies and ideas will help decreasing the conjunction of employees (Mohebbi, 2021). The availability of an on- site food catering service will prove beneficial for the employee causing them to lead a healthy and better lifestyle. EXPLANATION OF EACH AND EVERY STAGE OF THE PLC AND THEIR APPLICATION TO THE SELECTED PROJECT Project Initiation Project initiation is the most crucial and initial step towards starting the process of project planning. The entire project is based on the planning process designed by business organisation. 8
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This planning showcases the success rate of business organisation. The aim is to completely assess the overall business value and using the data to secure primary stakeholders of the organisation (Mahabir and Pun, 2022). Project Planning This aspect of the business operation is related to building a roadmap for designing of a detailed business plan highlighting the business objectives. The objectives are required to be attained in a given period of time. Planning process is the effective utilisation of available resources and utilities, which aid in achieving the business targets without hurdles and problems. There are four major steps for setting up planning process for any business. Setting practical and measurable objectives Identification of deliverables Scheduling of tasks Planning of tasks (Frederico, 2021) Project execution This step involves the practical implementation of business plan for the purpose of achieving the business aims and objectives. Effective utilization of available resources helps in accomplishing the organisational goals, as planned by the management team. Project execution involves the accumulation of resources, research based evidence and findings of the company to derive the best output for business operation. However, all the essential factors are taken to consideration related to risk management, business resources and financial necessities. The business plan is implemented only after ensuring a very low failure rate. The implementation of project plan is very important as it determines success of the organisation (Muñoz-Villamizar, Solano-Charris and Romero-Silva, 2021). In context to the given case study, the organisation must implement measures for elimination of continuous movement by employees outside the office premises and replacing it with on-site catering facilities or team lunches. Project Closure This step highlights the project management principles and results accomplished by primary business stakeholders. The discussion about project planning and final execution is done to compare the effectiveness of both these aspects. Furthermore, the assessment of variables is done by stakeholders to make an effective comparison between desired and achieved outcomes. 9
An evaluation about profitable results is made. In context to the given case study, the business organisation will assess control over employee movement through establishment of on site catering facilities (Gajadhar and Stomski, 2018). These facilities will ensure that employees are leading a healthy lifestyle. ANALYSIS OF TOOLS AND PROJECT METHODOLOGIES Project methodologies: This aspect involves a set of principles which helps business organisation in organizing and formulating project management principles. This is done to ensure effective and optimum performance level in employees. Different types of project methodologies used in planning, initiation and execution of projects in relation to the case study are given as follows: ï‚·Waterfallmethodology-Thismethodologyreferstoconsecutivegrowthand development procedures possessing waterfall flow in phases. Each and every phase of the project initiates after the completion of previous phase of project. The success of the project relies on each and every step of process. The implementation of each task is sequential and the probability of errors is very low (Eyers and Naim, 2019). This is because the project is planned and researched with utmost sincerity and hard work. The only possible disadvantage is that the adaptability levels during execution and initiation process is very less. ï‚·Agile Methodologies- This methodology is used for projects with short tenure and involve the use of frequent testing, continuous project adaptations. This particular methodology is faster, cooperative and highly accessible considering short term projects in action (Komarova and Galynin, 2022). This methodology is data driven and can be easilymodifiedbymakingmodificationindatabaseduringprojectinitiationand execution. ï‚·Project Tools: The use of these tools is employed by organisation for effective initiation of projects and their successful evaluation. There is use of different tools such as network diagrams, project evaluation, project documentation tools and review techniques. These tools aid in maintaining improvements and modifications during the development stage. These tools assist in the management of organisation along with implementation of various changes that are necessary (Alhalafi, 2021). These tools allow business managers 10
in identify situations or instances where project might need improvements along with execution of needful actions. A CRITICAL REVIEW AND EVALUATION OF EFFECTIVENESS OF PLCAPPLICATIONSTOPROJECTWITHTHEHELPOPF APPROPRIATE THEORIES AND MODELS Project life cycle is defined as the steps and processes required for initiation and completion of projects. Project life cycle is an arrangement of all required project operations crucial for effective initiation and completion of projects. The sequence of completion of projects includes steps such as initiation, planning, execution and reviewing of project database. This enhances the ability of business to identify threats and variations that might have crawled in the process. The delivery of on site catering services was proven to be an accomplishment in this particular case study. There was use of various project methodologies along with modern techniquesrequiredforsuccessfulcompletionoftheproject.Employeesatisfactionand enhanced health of employees were identified as key performance indicators in this particular case study. 11
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REFERENCES Books and Journals: Alhalafi,M.,2021.DevelopaLeanprojectmanagementframeworkfortheconstruction companies in order to improve the time and cost efficienciesof their construction operations(Doctoral dissertation, De Montfort University). Eyers, D. and Naim, M., 2019. Project management for effective operations management. InContemporary Operations and Logistics(pp. 11-27). Palgrave Macmillan, Cham. Frederico, G.F., 2021. Project Management for Supply Chains 4.0: A conceptual framework proposalbasedonPMBOKmethodology.OperationsManagementResearch,14(3), pp.434-450. Gajadhar,S.andStomski,P.,2018,July.Integratingprojectmanagementandsystems engineering to transition to remote operations. InModeling, Systems Engineering, and Project Management for Astronomy VIII(Vol. 10705, pp. 453-458). SPIE. Komarova, A.V. and Galynin, S.V., 2022. Evolution of Operations Management Model in International Hotel Business.Russian Foreign Economic Journal, (2), pp.27-35. Mahabir, R.J. and Pun, K.F., 2022. Revitalising project management office operations in an engineering-servicecontractororganisation:akeyperformanceindicatorbased performance management approach.Business Process Management Journal, (ahead-of- print). Mohebbi, E., 2021. Examining the impact of flipping the classroom on student performance in an undergraduate course in project management.International Journal of Information and Operations Management Education,7(2), pp.113-136. Muñoz-Villamizar, A., Solano-Charris, E.L. and Romero-Silva, R., 2021. Mapping operations research in project management: a bibliometric analysis.International Journal of Logistics Systems and Management,39(1), pp.52-76. Wilson, K.B., Bhakoo, V. and Samson, D., 2018. Crowdsourcing: A contemporary form of project management with linkages to open innovation and novel operations.International Journal of Operations & Production Management. 12