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Operations and Project Management
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The World Economic Forum defines productivity as “the amount of output per worker” (Jahchan, 2016). Productivity is not, however, the same thing as efficiency—which is a mix-up of terms that some companies frequently make (Mankins, 2017). Efficiency, as Mankins points out, is about doing more with less, whereas productivity is simply about taking the inputs and getting the desired outputs. Productivity is measured by “comparing the amount of goods and services produced with the inputs used in production” and is about “doing more with the same”—i.e., taking what you have and making it work well. Productivity is not about cutting costs by cutting inputs: it is about maximizing the juice that can be squeezed from those inputs.
This distinction matters because some companies will think that if they only cut costs—i.e., inputs that do not seem to have any significant impact on production output—they can be more efficient. Instead of maximizing the potential that they have with all of their inputs, they undercut their own potential in an effort to succeed by being pennywise. One example of how a company can make sure it is actually being productive is a restaurant: it can look at all its employees—staff, managers, waiters, etc.—its venue, its menu, its drink list,...
and determine based on comparison with the inputs whether the restaurant is actually being productive.
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Technology has a major impact on companies’ operations in the global environment today. Technology has impacted transportation, communication, and security with digitization removing time and space barriers and tracking allowing monitoring and security operations to be more effective. But most of all, technology has improved communications and has enabled distance work environments to be utilized so that companies can hire workers from halfway around the world and set them to work without ever requiring the worker to relocate. The Internet has made so much possible simply in terms of accessing and sharing digital information so that companies are truly global today since the Digital Era has eliminated the traditional notion of borders. This all has the impact of making the operations more competitive and efficient. An example of this can be seen in the way companies can outsource the IT departments to teams on the other side of the planet.
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In personal event planning, which is a service I provide, the six constraints that impact project…
References
Chambers, J., Mullick, S. & Smith, D. (1971). How to choose the right forecasting technique. Retrieved from https://hbr.org/1971/07/how-to-choose-the-right-forecasting-technique
Jahchan, P. (2016). What is productivity, and how do you measure it? Retrieved from https://www.weforum.org/agenda/2016/07/what-is-productivity-and-how-do-you-measure-it/
Levitt, T. (1965). Exploit the product life cycle. Retrieved from https://hbr.org/1965/11/exploit-the-product-life-cycle
Mankins, M. (2017). Great companies obsess over productivity, not efficiency. Retrieved from https://hbr.org/2017/03/great-companies-obsess-over-productivity-not-efficiency
Operations/Project management - Ethics Operations/Project management -- Ethics. The rearing of pigs is all geared towards the end result of having it give the pork that can be traded out and money earned. The only contentious issue here is the process that is used to get to the end product. The Premium Standard Farms of Princeton in Missouri can be said to be adhering to the utilitarianism theory of ethics and morality. This
Project Management Plan of a New Restaurant This project management plan is majorly concerned primarily with the first two steps which are defining the project; the project objective is broken down into a series of manageable steps called tasks and designing the project process; this work is performed by the project manager and is presented in the GANTT chart where the tasks are displayed in more detail (Hamilton, 2004). Besides, for
Project Management Emerging markets continue to be a promising area for many of America's most beloved companies such as Coca-Cola, Apple and more. This bodes well for project managers in the digital age as the expand operations overseas. However, as these companies become more global, the risk associated with their operation becomes more important. Understanding gender, ethnic and cultural differences can have a profound impact on the overall success of a
Project Management Involved Formation of Airbus Project Management involved in Formation of Airbus The report investigates factors that led to the A380 project crisis. Analysis of the project revealed that Airbus did not integrate an effective project management model into the project lifecycle leading the project to be two years behind schedule, which eventually led to the costs escalations. The report reveals several lessons to be learned from the A380 project crisis.
Project Management February J. 2014 A project is a temporary group of activity designed to produce unique products and services or results. Typically, a project has a defined beginning and end and therefore having defined scope and resources. (Pierre, 2012). A project also has a specific set of operations to accomplish a singular goal. Examples of projects are as follows: Development of software to improve business process, Construction of bridge or building, Expansion of sales
Project Management Your company planning construct a nuclear power plant Oregon. What is a project life cycle, and how does it support project success? Ensure you define the basic stages of a project life cycle and the primary activities that take place. According to Bin and Heiser (2004) project life cycle refers to the stages a project goes through from the beginning till it is completed. The project life cycle will indicate how a