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

Operation management - Assignment Example The responsibility of a project manager can be identified by considering the following case. For instance, a particular project manager has been provided with the responsibility of constructing a bridge and who would also need to ensure that the bridge remains 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. construction 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 differentiation between success and failure upon any complex project. It is much valuable for evaluating the significance of the difficulties which are faced while implementing a project plan. The technique of CPA can be implemented by following the diagram. Source: (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 tool in order to analyse as well as plan different complex projects. Moreover, it is recognised to be a strong as well as a standard instrument with respect 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 every important tasks rel ating to the project , establishes duration and identifies overlapping works. These vital features 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 â€Å"Gantt Chart" has been provided hereunder. Source: (The Centre for Academic Development, 2001). Question 2 Principles of Performance Management The conception of performance management is principally described as a continuing procedure which is perceived as a strategic approach 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, raising the degree of team performance by promoting