This report provides a comprehensive analysis of operations and project management for XYZ, an home appliance firm entering the large screen television market. It critically evaluates the implementation of operations management principles, including Six Sigma and Lean principles, and examines their effectiveness. The report also presents a continuous improvement plan for XYZ, focusing on quality, cost, delivery, and safety. Furthermore, it explores the application of the Project Life Cycle (PLC), analyzing project methodologies, tools, and leadership within the PLC. The report includes a critical analysis of how the use of appropriate theories, concepts, and models in the PLC differentiates between large and small-scale projects. The methodologies discussed include DMAIC and DMADV, Value Stream Mapping, and Just-In-Time inventory systems. The report highlights the importance of continuous improvement, TQM, and the application of Lean principles to enhance efficiency and product quality. The report concludes with an evaluation of the PLC's effectiveness through a practical and theoretical exploration.