Unit 16: Operations and Project Management Principles Presentation

This presentation provides an overview of operational project management, emphasizing the importance of efficient operations within a firm. It delves into the core principles of operations management, highlighting the significance of analyzing and improving production techniques to enhance efficiency and effectiveness. The presentation explores the Six Sigma methodology, including the DMAIC technique (Define, Measure, Analyze, Improve, Control), as a means of reducing errors and maximizing profits. Additionally, it examines Lean principles, such as defining value, mapping, creating flow, establishing pull, and pursuing perfection, particularly in manufacturing settings. The conclusion underscores how effective application of operations management principles can boost a firm's manufacturing efficiency and profitability.

OPERATIONAL PROJECT
MANAGEMENT

Table of contents
 Introduction
 Principles of operations management
 Six sigma
 Lean principles
 Conclusion
 References

Introduction
 Operational project management deals with sound management of operations of
a firm in such a manner so that maximum efficiency and effectiveness can be
ensured. In this presentation, detailed analysis will be made on principles of
operation management.

Principles of operations management
 Operations management principles refer to a process of analysis of production
techniques and methodologies in order to bring an improvement in them so that
efficiency and effectiveness can be brought into the production process.
 Six sigma approach-
 Six sigma is a methodology of management which focuses on detection
of errors and mistakes in the process of manufacturing so that they can be
reduced. Toyota uses this technique as it allows it to find out errors and maximize
its profits.
 For using this approach DMAIC technique needs to be followed which is stated
as follows-
 Defining- It means defining the nature of problem and explaining it for the
purpose of better understanding.
 Measuring- After defining the problem, measurement of initial process needs to
be done.

Continued…
 Analyzing- After measurement of performance has been done the next step is to
analyze the problems in the manufacturing processes.
 Improving- After analysis of problems, the next step which needs to be taken is
to improve. This can be done by using appropriate techniques and bringing of
required changes in production process to improve its functioning allowing for
optimum performance.
 Controlling- It means taking of necessary actions in order to control the
processes to bring the required efficiency and effectiveness in results so that
profits can be maximized.

Lean principles
 Lean principles are used primarily in those companies which have a base for
manufacturing. These principles are as follows-
 Defining value- It is determination of value from the point of view of a
customer. For this it is necessary that the determination of needs and wants of
customer is done.
 Mapping- In this step, the customer’s value is used as a
reference point and efforts are made to develop a product or
service according to them.
 Creation of flow- After mapping, the next step is to create flow
for the manufacturing processes and techniques. It is needed to
ensure that the production goes on smoothly without any delays.
 Establishing pull- A pull-based system seeks to ensure that the
inventory and WIP items are limited and the required items are
available to create a smooth flow of work.

Continued…
 Pursuing perfection- After the first four steps have been followed, the next and
most important step is to pursue perfection in manufacturing process.

Conclusion
 From the above presentation, it can be concluded that if a firm uses operations
management principles effectively then it can help in increasing efficiency of its
manufacturing process enabling it to increase its profits.

References
 Azanha, A. and et.al., 2017.
 Blom, C. M. and Guthrie, P. M., 2018,
December.

 Thank You