Project Management Refers to a Process of Organizing - Essay Example

Project Management Project Management Introduction Project management refers to a process of organizing and coordinating different components of a project to work together (Bender, 2010). Some of the most significant components of project management include; Project definition, planning, execution, project control and project closure (Campbell, 2007). Project definition is the first phase of project management where project managers clearly state and explains what a project intends to achieve at the quell. Under this phase, manager’s work together with donors, project sponsors and all the stake holders to ensure successful project implementation (Campbell, 2007). The second component is execution phase, whereby, project managers prepare a list of work to be accomplished and procedure to be followed as well the time frame for accomplishing each task. Additionally, the project manager identifies the number of workers required to accomplish the predetermined task within a specific time frame (Campbell, 2007). In above connection, possible constrains should be identified as well as their impact on project implementation. The third component involves project execution, whereby, what has been planned has to be put into practice (Bender, 2010). Controlling is another significant component in which project managers monitors the progress of a project to identify whether the intended goals and objectives will be achieved within the set time frame (Campbell, 2007). Finally, is the closure phase, in this phase project manager and all the stake holders involved in project implementation come together to evaluate whether the desired and outcome were achieved by comparing the actual results with anticipated outcomes(Bender, 2010). Therefore, the study will focus on factors that Coca-Cola Company should consider when locating into a new site. Additionally, a sharp insight of operation management will be provided as well as how operations differ from each other. As the management consultant of Coca-Cola Company, I would advice the company to consider the following factors when locating into a new site. Coca Cola Company deals with manufacturing, selling and distribution drinks to people located in different locations across the glob. Therefore, the company should consider both market factor and resource based view strategy factors when locating into new sites. Resource based view factors are those that can be outsourced from the target location that can make business adopt more efficiently and effectively (Moore and Longenecker, 2008). Coca-Cola Company should emulate technology applied by other companies located into a new site where it intends to locate and look for ways of having a competitive advantage over other business located in the same region. The company should benchmark some best practices that are being applied by the companies located in the new site (Bender, 2010). Additionally, the company should evaluate the assets available to see whether they can offer quality goods and services to customers in the new site. The company should consider the most appropriate technology that may be adopted in the inoder to have a competitive advantage over other companies located in that area (Moore and Longenecker, 2008). In above connection, the company should consider other resources such as, human resources, raw material and financial resources. The company should consider hiring people from the new site in order to make people fill that they are part of the business. This is vital because the company may obtain the benefits of that comes for being socially responsible (Gitman and Mcdaniel, 2009). Incase human resources in the new site are not adequately skilled in handling coca cola operations; the company may outsources those skills outside the region. Additionally, prior to locating into a new site, coca-cola company should determine whether the area has necessary raw material for manufacturing coca-cola product. Incase resources available are not adequate; the company should consider other alternatives of supplementing the available resources from elsewhere at a convenient cost. The company should determine the availability of financial resources prior locating into anew site. These mean that Coca –Cola Company should look for sources of finances that are economic effective. The convenience of both debt and equity finance should be considered (Gitman and Mcdaniel, 2009). On the other hand, market based factors should be considered prior locating coca cola Company into a new site. Some of those factors include; Availability of infrastructure such as roads, communication facilities that can enhance production and business operations (Gitman & Mcdaniel, 2009).Government policies should be taken into considerations, those policies include; production, distribution and marketing policies. Additionally, Coca Cola Company should consider availability of distribution channels in the new site whereby, the company should evaluate whether available distribution channel can serve the whole market adequately. The company should also consider the cultural mind set of people in the new site by evaluating their values and norms with respect to companies products (Gitman and Mcdaniel, 2009).This is crucial because cultural values and norms have a significant impact on business current and future growth (Pinson and JInnett, 2006). Political factors and legal restrictions should be taken into consideration. The company should identify whether the new site has a conducive political atmosphere that promote business operations. Additionally, the company should investigate whether there are any legal restrictions and how they may affect business performance (Pinson and JInnett, 2006). What operations management is and what are the similarities between all operations? Operation management refers to a discipline of management that deals with designing, innovation, production and supply goods and services to customers by ensuring that limited organization resources are utilized more effectively and efficiently (Shim and Siegel, 1999).The major similarities between all operations is that, they were developed by philosophers like Fredrick Taylor, Henri Fayol to name just but a few pioneers of management (Dlabay, Burrow, Kleindl and Eggland, 2009). Another significant similarity between all operations is that they aim at generating more money and enhancing organization productivity and efficiency by utilizing management techniques. All types of operations utilize resources to achieve their objectives (Dlabay, Burrow, Kleindl and Eggland, 2009). Additionally, all operations aim at ensuring there is efficiency and effectiveness in provision of quality goods and services to customers.Connectively, all operations utilize planning, organizing, controlling and coordinating techniques towards ensuring that there is proper utilization of limited resources (Dlabay, Burrow, Kleindl and Eggland, 2009). Operation managers in all types of operations perform the following activities; developing strategies, process designing, process improvement, controlling process and planning (Shim and Siegel, 1999). How are operations different from each other? Discuss giving examples Operation displays their differences in various ways some of the ways may be witnessed based on the type of industry a business operates (Waters,2006). from for example, operations in manufacturing industries are considered complex than those in other areas such as logistic operations. This is because in manufacturing, operations involve a lot of steps before a product reach the customer (Waters, 2006). Some of those steps include: ordering raw materials, delivering raw materials, employees hiring and training, packaging goods as well as us shipping them (Shim and Siegel, 1999). Unlike in other types of operations, all the above operations do not apply. Additionally, operations in law and medicine differ in the sense that, In law office law operations may be assigned to a full time operation manager but in other areas such as medical field such operations may not be not contracted(Waters, 2006). For example a surgeon may not delegate or contract their operations to an operation manager because their role may require special expertise and therefore, they may not need for a full time operation manager (Waters, 2006). Conclusion Therefore, based on the above, Coca Cola Company was selected for assessment whereby, prior locating into a new site, the company should consider resource based factors such as; human resources, financial resources, availability of raw material,technology,assets required for production purposes to name just but a few. On the other hand, the company should consider market based factors such as; the level of competition in the new site, government policies, legal restriction, political atmosphere in the new site, people cultural minds set concerning the products that the company is offering and available distribution channels. Conclusively, it can be scrutinize that all operations are similar in the sense that they aim at generating money by ensuring that limited resources are utilized efficiently and effectively in production of quality goods and services. Additionally, it can be scrutinized that all operations differ depending on the type of industry business is operating as discussed above. Reference List Bender, M. B. (2010). A managers guide to project management: learn how to apply best practices. Upper Saddle River, N.J., FT Press. Campbell, C. A. (2007). The one-page project managers communicate and manage any project with a single sheet of paper. Hoboken, N.J., J. Wiley. http://www.contentreserve.com/TitleInfo.asp?ID={6FB732B7-8284-4D37-B192-C9F641F22F13}&Format=410. Dlabay, L. R., Burrow, J., Kleindl, B., & Eggland, S. A. (2009). Intro to business. Mason, OH, South-Western Cengage Learning. Moore, C. W., and Longenecker, J. G., 1917-. (2008). managing small business: an entrepreneurial emphasis. Australia, South-Western/Cengage Learning. Pinson, L., and JInnett, J. (2006). Steps to small business start-up everything you need to know to turn your idea into a successful business. Chicago, Kaplan. http://site.ebrary.com/id/10130840. Gitman, L. J., and Mcdaniel, C. D. (2009). The future of business: the essentials. Mason, OH, South-Western Cenage Learning. Shim, J. K., and Siegel, J. G. (1999). Operations management. Hauppauge, NY, Barrons Educational Series. Waters, C. D. J. (2006). Operations strategy. London, Thomson Learning. Read More