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Project and Operations Management Doc

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Added on  2020-10-23

Project and Operations Management Doc

   Added on 2020-10-23

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PROJECT ANDOPERTAIONMANAGEMENT
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Table of ContentsINTRODUCTION...........................................................................................................................1TASK 1............................................................................................................................................1P1 Conduct a review and critique of implementation of operation management principles......1TASK 2............................................................................................................................................4P2 Continuous improvement plan in accordance with the review and critique of operationsmanagement................................................................................................................................4TASK 3............................................................................................................................................5P3 Apply different stages of PLC for the project along with supporting documents tocomplete project..........................................................................................................................5TASK 4............................................................................................................................................9P4 Review and critique the effectiveness of PLC in application to the chosen project usingappropriate theories, concepts and models..................................................................................9CONCLUSION..............................................................................................................................10REFERENCES..............................................................................................................................11
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INTRODUCTIONOperational management is defined as planning, implementation and execution ofbusiness operations in the production and service world. It involves production planning, demandforecasting, quality management, supply chain collaboration and inventory control. Projectplanning is stated as formulating and implementing projects in business world (Alam, Gühl, U.F. and Gühl, 2016). It involves monitoring, controlling, initiating and ending project. Thisassignment is based on Hotpoint electric heating company which is an European and Americanbased domestic appliances brand. Organisation was found in 1911 and headquartered inCambridgeshire, UK. This report covers review and critiques of implementing projectmanagement principles along with a continuous improvement plan. Beside this, different stagesassociated with Project life cycle and required documentation for completing project such aswork break-down structure, business case and project plan are discussed. At last, critiques foreffectiveness of PLC in respect with project is specified in a detailed manner. TASK 1P1 Conduct a review and critique of implementation of operation management principlesOperation management is related with administration of business operations and activitiesto maintain highest possible efficiency within a company. It is associates with transformingmaterial and labour into useful commodities in an efficient manner so that maximum profitabilitycan be achieved. Principles associated with operational management provides a systemicapproach so that all the issues associated with operational processes can be resolved desirably.This will benefits Hotpoint in optimal transformation of resources into end products which willresults in high revenue and profitability. Hotpoint is an electronic company, situated inCambridgeshire. Company specialises in manufacturing washing machines, freezers, kitchenappliances and refrigerators etc. Now, company is planning to expand its business by introducinglarge screen television of 58 inches into market along with stadium screens. Principles associatedwith operational management will benefits the company in manufacturing of new product in anoptimal manner so that a firm can attain high profitability (Burke and Barron, 2014). Differentoperational management principles which can be adopted by manager in Hotpoint are mentionedbelow:1
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