Operations and Project Management for TK Maxx and Sunshine Drinks Limited

Operation and project
management

Contents
Contents...........................................................................................................................................2
INTRODUCTION...........................................................................................................................1
PART 1............................................................................................................................................1
Company Summary.....................................................................................................................1
Comparing operations to operations management......................................................................1
Analyze and advise on the use of operational managing principles............................................1
How effectively operations management ideas meet the requirements.......................................3
Objectives for continued expansion and lean production............................................................3
CONCLUSION and RECOMMENDATIONS...............................................................................5
PART 2............................................................................................................................................5
Project life cycle..........................................................................................................................5
Company Instance.......................................................................................................................6
Cost benefit analysis....................................................................................................................6
Productivity Assessment and Critique of PLC..........................................................................10
Different Strategies for Large and Smaller Initiatives...............................................................12
CONCLUSION..............................................................................................................................13
REFERENCES..............................................................................................................................14

INTRODUCTION
Program management pertains to the thorough execution and planning of a specific effort in
a large organisational framework (BAGHAEE and GHAREHPETIAN, 2020). It is a crucial
responsibility that allows a corporation to carry out its activities precisely, consistently, and
successfully. Furthermore, program management enables firms to accurately assess the scope
and sustainability of their numerous efforts as well as do an exhaustive analysis of the efforts'
longer run dependability. The following study on TK Maxx and Sunshine Drinks Limited is
divided into two parts. In Part 1, the execution of continuous improvement is addressed as well
as a study and assessment of the effectiveness of particular operations management principles.
Whereas Part 2 explores deeply into the project life cycle and assesses it in an undertaking to
determine its level of accomplishment.
PART 1
Company Summary
TK Maxx, which was founded in the UK in 1994, provides its customers with a wide range
of products, includes footwear, clothing, household products, bedding, furniture, etc. Since its
inception, the company has offered a huge selection of high-quality products to customers from
all over the country and internationally.
Comparing operations to operations management
Operations refers to all the processes and events used by businesses to achieve their
overarching objectives. Operations management generally includes the planning, controlling, and
practical application of particular administrative techniques and processes related to production,
marketing, as well as other corporate responsibilities (Beringer, Jonas and Kock, 2013).
Analyze and advise on the use of operational managing principles
In addition to be fully comprehended and utilised in an organizational environment, it
appears that there are a variety of successful operational managing ideas which need to be
carefully investigated. In the case of TK Maxx, the company places a lot of focus on ensuring
that its administrative and transport networks are efficient because they are crucial to its daily
operations. The following details the application of operations management principles by TK
Maxx: