Operations & Project Management Assignment : M&S
Added on -2021-02-21
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Operations & ProjectManagement
Table of ContentsINTRODUCTION...........................................................................................................................3PART 1............................................................................................................................................3Overview of the selected organisation...................................................................................3Deviation between operation and operational management...................................................3Critique and review of the execution of operations management principles.........................3Describe continuous improvement plan and lean principles..................................................5Develop continuous improvement plan..................................................................................6Use continuous improvement principle, justify recommendations to improve organisationalfunctions.................................................................................................................................7PART 2............................................................................................................................................7Overview of case study mentioned in brief............................................................................7Define each stage of PLC ......................................................................................................7Explain business case study along with cost benefit analysis of the project..........................9Prepare a Work Breakdown Structure (WBS) for developing of a new product.................10Produce a Gantt Chart..........................................................................................................11Critique & review effectiveness of PLC in project application by using concepts and models..............................................................................................................................................12Examine techniques which ensure quality, scope and tenure in the project implementation13Critically analyse how different theories, concepts and models could be used between largeand small-scale projects........................................................................................................13Critically evaluate the PLC .................................................................................................13CONCLUSION..............................................................................................................................15REFERENCES..............................................................................................................................16
INTRODUCTIONOperation management is the combination of various business practices includesplanning, organising, controlling and supervising so that the higher profitability and efficiency ofthe business can be ascertained. The main focus of this management system on converting theraw material into finished goods so that the customers needs can be satisfied and overallprofitability of the firm can be raised. Other, project management is related to making effectiveplan or strategies for accomplishing the task of a specific project. According to the brief here aretaken two organisations which are M&S and Portakabin, these both firms are indulging inmanufacturing business. This file will cover about the several principles of operationmanagement and continuous improvement plan. Along with this, the benefit of project life cyclein accomplishing the goals of project will also consider in this study. PART 1Overview of the selected organisationMark and Spencer is a British multinational company which is operating their business inoffering high quality of clothes, food and home products. This company was formed by MichaelMarks and Thomas Spencer in 1884 and situated in London and Westminster. They haveemployed almost 80,787 employees in their approx 1463 outlets. The main motive of thiscompany is to cover big market place and attract a range of customers by providing a range ofproducts to them(Gunasekaran and Ngai, 2012).Deviation between operation and operational managementAs M&S is operating their in manufacturing the various products so in this case theoperation refers to those activities which are related to the functions of an organisation to convertits raw material into finished products and services so that the customers demands andrequirements can be accomplished. These functions includes the machining, processing,scrutinizing, transporting and storing. Whereas, the operation management is the vital part of thewhole organisation as it mainly concern for designing and controlling the production process sothat the production activities can be carried out in an effective manner. Critique and review of the execution of operations management principles.
Operational management principles are very useful for the business organisation in orderto increase the overall productivity and profitability of the firm. There are various principles ofthe operation management which can adopt by M&S. But before adopting any of the principlethe manager of the M&S require to critically analyse and review the operation managementprinciples so that the most appropriate principle can be implemented(Beringer, Jonas and Kock,2013). By using a suitable principle M&S can gain the competitive advantage and smooth theirsupply-chain. The various principles of the operation management are defined below:Principle of Organisation: This principle of operation management depicts that all theresources in the organisation are interconnected. So in order to attain the success andgrowth, the business organisation of M&S needs to manage all the resources in aneffective manner so that the production activities can be operated fluently. By propermanaging all the monetary and non monetary resources within the firm M&S can alsosolve the issue of supply chain and competitive advantage by improving the distributionchannels and using the updates technologies in their production activities. But in this casethe overall cost of the company will be increased as because they have to spend morefunds in giving the training of using the updated techniques.Principle of Change:This principle pertains that an organisation should not stick on asingle theory or solution but they stay always concern for embracing new changes in theirprocedures. It become more essential for those companies like M&S which are indulgingin manufacturing activities so it is necessary for them to produce their products accordingto the customers demand and needs so that overall profitability of the business can beincreased. For effectively applying the change the manager of the firm needs to give theirmore focus on researching activities so that they can determine that where the changesshould be implemented. This will the more time of the business manager due to which thecustomer demand can not be accomplished on time(Fleming and Koppelman, 2016). Principle of Reality: For attaining the desired outcomes in the limited period of time themanager of M&S needs to operate their organisational activities on the basis of real factsrather than assumptions. They should focus on improving the overall performance of thebusiness by using different techniques not only a single technique.
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