This report provides a comprehensive analysis of operations and project management principles within the context of XYZ Company, a domestic appliance manufacturer planning to launch a new large-screen TV. The report delves into the implementation of operations management principles, specifically focusing on Six Sigma and Lean methodologies, and critiques their effectiveness. It details a continuous improvement plan, analyzing its effectiveness using relevant theories and models. Furthermore, the report examines the project life cycle (PLC), including the design of a business case, project plan, and work breakdown structure. It analyzes the rationale for project methodologies and leadership within the PLC, and critically evaluates the PLC's effectiveness, differentiating between large and small-scale projects. The report concludes with an overview of the key findings and recommendations for improving operational efficiency and project success at XYZ Company.