Operation management Assignment Example | Topics and Well Written Essays - 1750 words

Operation management - Assignment ExampleThe responsibility of a project manager derriere be identified by considering the chase case. For instance, a cross project manager has been provided with the responsibility of constructing a bridge and who would also impoverishment to ensure that the bridge be serviceable for the initial 20 years of use. Thus, any failure to build the bridge during the period would need to be corrected at the expense of the project manager. In order to complete the project i.e. eddy of the bridge successfully, the project manager would have to perform the aforementioned responsibilities (Munns & Bjeirmi, 1996). Demonstration of Technique 1 The technique i.e. Critical Path Analysis (CPA) ensures the completion of a particular project on time and on budget. It computes the time as well as determines the investment amounts which greatly contribute towards finishing a project on time and on budget. Moreover, the technique i.e. ... CPA can make the specia lty between success and failure upon any complex project. It is much valuable for evaluating the significance of the difficulties which are set about while implementing a project plan. The technique of CPA can be implemented by following the diagram. antecedent (Baker, 2004). Demonstration of Technique 2 The other technique which facilitates the execution of a project on time and on budget is Gantt Chart method. This technique is fundamentally learnt to be a valuable neb in order to analyse as well as plan different complex projects. Moreover, it is appreciate to be a strong as well as a standard instrument with revere to project management. The technique i.e. the Gantt Chart can be used for making certain of the actuality that the project can be completed on time and on budget because it aids to divide the procedures in simpler forms, recognises all(prenominal) important tasks relating to the project , establishes duration and identifies overlapping works. These vital feature s of Gantt Chart eventually lead to the accomplishment of a project on time and on budget (The Centre for Academic Development, 2001). The diagram of Gantt Chart has been provided hereunder. Source (The Centre for Academic Development, 2001). Question 2 Principles of Performance Management The conception of mathematical operation management is in the first place described as a continuing procedure which is perceived as a strategic get along and offer successful results within a company by enhancing the performance and developing the proficiencies of the individuals and teams. The major objectives of performance management include supporting personal growth as well as team development, tiptop the degree of team performance by promoting