This report provides a comprehensive analysis of operations and project management principles within the context of XYZ Corporation, a home appliance company. It begins with an introduction to operations management and its importance, followed by a detailed review and critique of the implementation of operations management principles, including discussions on reality, organization, fundamentals, change, variance, Six Sigma, and Lean production. The report then presents a continuous improvement plan addressing issues related to employee adaptation to new technologies and management techniques. Furthermore, it applies the Product Life Cycle (PLC) stages to a project, including the development of supporting documentation like a business case and project plan. Finally, it reviews and critiques the effectiveness of the PLC in the chosen project, utilizing relevant theories, concepts, and models to provide a thorough understanding of the subject matter. The report concludes with a summary of findings and recommendations.