Unit 16 Operations and Project Management Assignment Sample – BTEC-HND-LEVEL 4
This unit assesses the essence of contemporary operation principles as an essential function of the modern organization. It explores the key principles and processes that evaluate business operation functions. Students will analyze the basics of project management using the prescribed strategy, yet well-structured PLC.
On completing the assignment, students will be able to support senior-level management. It helps them to make decisions that affect the financial growth of an organization. The knowledge, understanding, and skill set that students will gain on completing this unit will enhance their career opportunities; whether setting up their own business or being employed by an organization.
They will be able to contribute to the financial management function of an organization. Besides, learners will gain skills and advance to a higher level of education. Underpinning aspects of this management unit, the project highlights the role played by operations management, effective control of the resources, and project life cycle.
Assignment solutions of Unit 16 Operations and Project Management
This section discusses the operations and project management of Burberry Group Ltd in detail. Burberry Group Ltd, the London-based luxury fashion brand, was established in 1856. This brand manufactures a range of trench coats, fragrances, cosmetics, and fashion accessories. There are more than 498 brands and stores all over the globe.
At present, Burberry Group Ltd operates in the highly competitive fashion market. It likewise sells products in third-party stores and online sites. This report reviews the efficiency and effectiveness of operations management of the specified organization. This project applies the concept of integral operations management. It highlights the principles of the project life cycle in the organizational context.
LO1: Review the importance and effectiveness Of Operations Management Principles
Operation Management of an organization has a multidisciplinary discipline and finds application in the production and manufacturing of services and/or products. Being goal-oriented, Operation Management emphasizes the transformation of outputs into inputs. The inputs can be anything from human resources, equipment to technology.
It likewise includes managing employee and stakeholder relations to procure sustainability in the long run. It characterizes Operation Management by production activities that require a transformation of outputs into inputs. It incorporates processes like organizing, planning, staffing controlling, and leading Operation Management in organizational tasks.
The significance of Operation Management is as follows:
- Inventory management: It helps the management to manage inventory and bring effectiveness in conserving the organizational resources. It also discusses How to reduce Resource wastage, hereby reducing the Cost of inventory of Burberry group Limited.
- Reduces wastage: Operation management helps to minimize irrelevant and unnecessary Costs, processes from the production line. It saves the company’s funds from getting wasted.
- Optimizing the use of available resources: Operation management helps to optimize the utilization of scarce resources of an organization. Statistical analysis, linear programming, are some of the tools used by the management to optimize the use of resources
- Management of supply chain: Operation management includes the distribution and supply chain of raw materials. Operation managers to keep a record of stakeholders, customers, Distribution centers, network, and more.
- Quality management: It adds efficiency and effectiveness to the Business Operations. It is to transform the working principles with the concept of Quality assessment in the organizational context. It is an important factor from the company’s perspective as the objective of Burberry Group Limited is the production of quality clothes.
M1: Implementing Six Sigma and Lean manufacturing Methodology in Operations Management
Six Sigma is one of the foremost methods used in improving the effectiveness and efficiency of operation management. Besides establishing an organizational culture dedicated to constant process improvement, Six Sigma includes techniques and tools to reduce error, Identify the root causes of defects, allowing companies to serve better products and services to consumers.
Even though it is an expensive process, Six Sigma pays for itself and the long-term benefits of the company. As the lean thinking process is concerned, it emphasizes the no-waste concept and aims at making the processes effective and efficient.
A lean thinking process reduces operational expenses, production costs, making the company competent. However, in Burberry Group, the Lean manufacturing technique is not fully implemented. The 21st-century company strives to reduce wastage, increase product line and customer experience.
LO2: Concept of Continuous Improvement in Context of Operation management
Continuous improvement aims at improving the Company’s performance through integral measures in the production process. Continuous improvement focuses on the integral and linear Improvements in the existing business activities. In the organizational context, continuous improvement can be described as a process needed to improve the quality of raw materials used in the final manufacturing process.
A continuous improvement plan includes a document that lists Strategies for improving the quality of the product. A continual improvement plan differs from the reactive one that includes the course of activities needed for risk management.
It helps to determine the loopholes and bottlenecks in the Existing processes and programs, and find out ways to improve them.
Following are the essential steps involved in the Improvement Plan for the Burberry group:
- Evolution of the past year goals
- data analysis and review
- setting up practical and measurable goals
- Compliance with rules and regulations
- Summarizing the planning process
Global organizations follow a series of methods Used to execute continuous improvement. PDCA cycle, lean thinking method, Total quality management, and Six Sigma are some of the prescribed methods of continuous improvement
. These methods include coordinated teamwork and employee Engagement, which Streamline processes and reduce fluctuation in Process planning and output.
This approach focuses on zero wastage from the activities. Lean production aims at simplifying the product line, reducing fluctuations, and improving performance.
M2: Analyze the importance of continuous improvement using proper concepts and theories
It’s a well-accepted fact that focuses on breakthrough and incremental improvement with time. It utilizes the PDCA and CI cycle and is also known as the Deming or Shewhart process.
- Plan: This stage includes the identification of processes and the proposal for changes.
- Action: It includes implementing small-scale changes for improvement.
- Verification: Using data for analyzing changes authority determines whether it creates differences or not.
- Act: If you find the changes to be effective, use them on a broad scale.
How does linear programming add value to the production cycle?
Linear programming refers to Managing, planning, and programming Business operations and making effective decisions for Utilizing the tools and equipment as per the needs and requirements of the organization. It involves a statistical plan for developing effective strategies. Management can implement this method for obtaining the best outcome and maximizing efficiency and profit.
The method adds value to the operational management by determining the network distribution, defining the manufacturing process, and estimating the price and cost of each unit. Apart from that, the organization would make use of linear programming to make decisions like purchasing raw materials. It not only forecasts the production cost but also helps to identify the key areas where expenses could get reduced.
Linear programming helps Management to analyze the variation of production processes that helps to maintain effectiveness in the business operations
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P3: Apply each stage of the project life cycle to a given process producing necessary documents to complete the project
What are the stages in the Project Life cycle?
Whether you are working on a Project with modest business goals or a multi-departmental initiative with extensive corporate implications, you ought to understand the project development life cycle.
An in-depth understanding of the life cycle is essential to keep your project organized and on track from start to end.
In this development life cycle state, the project gets conceptualized and planned. Management develops an idea or concept and identifies the future scope of the project.
In this life cycle stage, the Planning of the management does the initial planning of the project. It includes breaking down the project into smaller tasks, team building, and scheduling the assignments. Create smaller goals within the large task, and make sure that each gets completed within the deadline. Smaller goals come backed by a larger success ratio.
The project planning steps may include the following:
- recognize the timeline of the project, including all the phases, tasks to be performed.
- Streamline processes using swim lanes and ensure that your team members understand the responsibility and roles in the project.
- Utilize cost estimates to identify the amount that you need to invest in the project to maximize the return on investment.
- Develop your team using external and internal talent pools. Ensure that all the members have the necessary tools to get the task completed.
- Identify the bottleneck that might Cause your project to halt while planning to mitigate the risk. Make sure that you’re maintaining the quality Timeline of the project.
- Conduct meetings, discussions, and outline the project so that the team members get back to work.
- Evaluation of the project development life cycle (PDLC)
The project development life cycle (PDLC) defines the project in detail and establishes the objectives and scope of the project. Likewise, the project development life cycle discovers the Major milestones, while considering the project schedule. It helps the manager to find out the probable risk associated with the project.
The project management plan is not free of limitations, as it is expensive and time-consuming.
Why does the project development life cycle follow a combined methodology?
The project development life cycle follows a mixed methodology. Qualitative and quantitative research has both advantages and disadvantages. Quantitative research allows the management to collect feedback from a diverse group of people. However, the Qualitative project is likely to overlook important issues and take more time than expected. Quantitative research is time and cost-effective but requires an ample volume of samples.
M3: Analyze the tools, techniques within the PLC for the organization
To achieve objectives, managers develop projects based on specific schedules and budgets. Several methods help them to complete steps from the beginning till the end. Methodologies used in the project development life cycle are as follows:
Cost and time invested in the project: Cost and time invested on the project R constants, whereas Scope is a variable. During the implementation phase of the project life cycle, the Scope of the project gets adjusted, so that it maximizes the business value.
Priority basis: In this stage, the manager places the processes under low-priority tasks. It focuses on team communication, skill development, and Interaction.
The main objective of the project management plan is to increase the productivity of the organization, so the work breakdown form of the organization should include the following:
- Define the scope of organizational efficiency
- Set up a control baseline for the project
- Measure the objective as the manufacturing of products is done
- Management needs to collect report and define information at the appropriate level.
- Analyze whether the project development life cycle will affect the business or not.
- Recognize and assess the obstacles or challenges that may arise in the organization.
- Figure out the solution to the problem
M4: Contrast PLC of a small-scale with that of a large enterprise
Large-Scale businesses get internally structured and organized. While the large enterprises follow a pre-set hierarchy, their smaller counterparts may lack a proper structure and work environment. It is due to the well-organized structure, PLC maximizes the success of large enterprises. PLC ensures dominance in the realm of expertise and sets up a clear command at every stage of the production cycle.
Small businesses aim at achieving success by any means. They might succeed in achieving goals, but their failure is inevitable. PLC of small businesses doesn’t mention what to do with their final services or products. In case of failure, the product development cycle would either direct them to develop plans to rejuvenate it or limit the production process.
P4: Evaluate Video PDLC through theoretical and practical exploration of its effectiveness
Multiple tools, techniques, and concepts are available in project management, each one has advantages and disadvantages. The practical approach of pdlc faces challenges when carrying out the project. It seems that the market would take time to adopt the updated version of planning. Since a company deals with a variety of services and products, operations may often become complicated.
Allotment of resources across clients and companies Might become top if a company relies on four states of product development life cycle. The theoretical version of the product development life cycle seems like a handy tool for the marketers, but in reality, the practical aspect of PDLC fails to forecast the plans, and repeat the past success.
PLC without feedback phase Implies that the company would fail to meet the evolving needs of the customer.
Therefore, an organization should incorporate PLC into a platform. It can likewise include Invoicing, time tracking, PM, RM, and Business intelligence in synergistic scenarios to assess the previous projects for optimizing the PLC.
Unit 16 Operations and Project Management assignment Burberry concludes that Operations Management is an important approach that helps one to effectively manage operational activities.
This report describes the detailed processes involved in the operation management of Burberry Group Limited. In this unit, the efficiency and effectiveness of this organization got reviewed.
It likewise applied and discusses the concepts of continual or contiguous improvement. The principle of PDLC got reviewed and applied in the context of Burberry Group Ltd.
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