Draw and briefly explain project management life cycle

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Reference no: EM131507069

Choose omani company

Instructions to Student:

- Answer within a word limit of 2000 words with 10 % more/less will be accepted.

- Date of submission: 8th week of the semester, the day and time of scheduled class

- Submission form: Soft copy to be submitted through Moodle at Turnitin.

- Late submission shall be penalised as per the norms of MEC mentioned in the Module Information Guide.

- Plagiarism policy is as per the MEC guidelines as mentioned in the Module Information Guide.

- Kindly include references (Harvard style of referencing) at the end of the paper. Referencing and proper formatting carries 05 marks in total. (Minimum 8 journals - 8 references is required for this assignment)

Learning Outcomes to be assessed in this assessment

- Identify and solve decision problems related to the various operations functions, like Project Management, Project Plan Gantt Chart, Break Even, and Inventory Management.

- Differentiate the different techniques and use the appropriate technique in problem solving within operations management.

Answer all the questions using appropriate examples. All the questions carry equal marks

1. Explain the meaning of productivity, work out Single and Total Factor Productivity-TFP. Conclude if the organization sustains competitive operational advantage.

2. Explain the concept of ERP & MRP in the modern context and the importance of information technology for operation management.

3. Discuss the concept of Inventory Management, ABC classifications, advantages and disadvantages. (Selected organization will add value to the answer).

4. Draw and briefly explain project management life cycle.

Verified Expert

The present solution is based on concept of operation management and other related terms like ERP, MRP, and project life cycle. All the details of assignment are based on initial instructions provided. The concept as asked in the instruction are answered and that no company description was required. The reference (citation) as asked in the rubrics have been given at the end of the solution. The solution comprises of more than 2000 words in Microsoft word and is free from any type of plagiarism.

Reference no: EM131507069

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Reviews

len1507069

5/25/2017 3:46:43 AM

5 Marks (References & Structure) 4 - 5 1. Followed prescribed font size, color and style. 2. Table of contents are clearly given. 3. Cover page attached. 4. Overall alignment is perfect. 5. Clearly followed Harvard referencing style 6. Précised with 2000 words with +/- 10% as tolerance 7. Have submitted the assignment on time with NO delay 8. Less plagiarism attempt, within very low similarity 9. Have clearly followed citation references with minimum 8 journals 10. Followed prescribed font size, color, cover page and style, page numbers

len1507069

5/25/2017 3:46:37 AM

05 Marks (Conclusion) 4-5 Very well provided, complete full page, stated the conclusion of the entire process and activities. Conclusion very clearly reflects on main findings of the study and provides at least 6 recommendations to the company. 1-3 Well provided, half page, stated the conclusion of the entire process and activities. Conclusion clearly reflects on main findings of the study and provides at least 3 recommendations to the company.

len1507069

5/25/2017 3:46:30 AM

20 Marks Question 4 (Draw and briefly explain project management life cycle) 17-20 1. At least two pages 2. Good Explanation what is Project Management with - one citation 3. Good Explanation what could be included in the Project management– one citation 4. Good Definition of Project life cycle and Steps 5. Good brief and discussion of the Gantt chart (Draw Gantt chart table) 6. Good discussion of Critical Path Analysis (CPA) of the project management 13-16 7. At least two pages 8. Clear Explanation what is Project Management with - one citation 9. Clear Explanation what could be included in the Project management– one citation 10. Clear Definition of Project life cycle and Steps 11. Clear brief and discussion of the Gantt chart (Draw Gantt chart table) 12. Clear discussion of Critical Path Analysis (CPA) of the project management

len1507069

5/25/2017 3:46:22 AM

20 Marks Question 3 (Discuss the concept of Inventory Management) 17-20 1. At least two pages 2. Good Explanation what is Inventory Management with - one citation 3. Good Explanation what is the objectives of Inventory Management – one citation 4. Good Explanation of what types, purpose, and example of inventories 5. Good Explanation of what is ABC inventory class coding – one citation 6. Good Explanation of what are the ABC classifications and how it helps the organization 7. Example of any company uses ABC classifications system 13-16 8. At least one page 9. Clear Explanation what is Inventory Management with - one citation 10. Clear Explanation what is the objectives of Inventory Management – one citation 11. Clear Explanation of what types, purpose, and example of inventories 12. Clear Explanation of what is ABC inventory class coding – one citation 13. Clear Explanation of what are the ABC classifications and how it helps the organization 14. Example of any company uses ABC classifications system

len1507069

5/25/2017 3:46:14 AM

20 Marks Question 2 (Explain the concept of ERP & MRP) 17 - 20 1. One Full page of good explanation of MRP & ERP , two citations for each 2. Good Explanation why Operations need MRP & ERP functions 3. Good Example of MRP & ERP functions , one example each ( which company uses MRP & ERP) with explanation 4. Advantage & Disadvantage of MRP at least 6 5. Advantage & Disadvantage of ERP at least 6 13-16 6. One page of good explanation of MRP & ERP , two citations for each 7. Clear Explanation why Operations need MRP & ERP functions 8. Clear Example of MRP & ERP functions , one example each ( which company uses MRP & ERP) with explanation 9. Advantage & Disadvantage of MRP at least 4 10. Advantage & Disadvantage of ERP at least 4

len1507069

5/25/2017 3:46:08 AM

20Marks Question 1 (Explain the meaning of productivity) 17-20 1. Two Full Page of information 2. Good Explanation of what is Productivity, one citation and references was given. 3. Good Explanation of what is Single Factor Productivity, one citation. 4. Good Explanation of what is Total Factor Productivity, one citation. 5. Good example on how Single & Total Factor Productivity work out can calculation 6. Good Calculations of Single & Total Factor Productivity 13-16 7. One Full Page of information 8. General Explanation of what is Productivity, one citation and references was given. 9. General Explanation of what is Single Factor Productivity, one citation. 10. General Explanation of what is Total Factor Productivity, one citation. 11. Give example on how Single & Total Factor Productivity work out can calculation 12. Calculations of Single & Total Factor Productivity 9-12 13. Half Page of information 14. Average Explanation of what is Productivity, one citation and references was given. 15. Average Explanation of what is Single Factor Productivity, one citation. 16. Average Explanation of what is Total Factor Productivity, one citation.

len1507069

5/25/2017 3:45:43 AM

Marking Grade Criteria 10 Marks Introduction 7 - 10 Very well provided, complete full page, Topic of discussion, objectives is clearly stated. 6 - 6.9 Very well provided, complete half page, Topic of discussion, objectives is clearly stated. 5 - 5.9 Very well provided, complete QTR page, Topic of discussion, objectives is clearly stated. 4 – 4.9 Average information, One Para, Topic of discussion, objectives is not clearly stated. 0 No Introduction Provided at all

len1507069

5/25/2017 3:45:20 AM

Evaluation Criteria Marks allotted 100 Introduction 10 Question 1 Meaning of the productivity 20 Question 2 Explain the concept of ERP & MRP 20 Question 3 Concept of Inventory & ABC classifications 20 Question 4 Project Management Life Cycle 20 Conclusion 5 References 5

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