Being similar does not mean the same, or it can be categorized as operations. This project is completed, and the school building is handed over to the client.
The second point says that the project produces an output. I hope these concepts are now clear to you, too.
Therefore, make sure you understand these concepts well. However, they also realize that results are only delivered through engagement and empowerment of everyone in the workforce.
Now if the same organization gets another project to build a similar school building at another place, it would be an operation, because the organization is performing the same task. It cannot continue forever. He was saying that an organization has completed a project to build a school building.
Projects are undertaken to produce a certain output. A few days ago, I had an argument with my friend regarding the definition of a project. Although your past experience will help you better manage the project, it is not the same as before.
Before I conclude this blog post, let me tell you an interesting discussion about the project and the operation that happened between me and my friend.
Projects have a fixed budget; on the other hand, operations have to earn a profit in order to run the business. What does this mean? I said it fulfilled the first condition of a project, which says that the nature of the project is temporary.
That answer can be summed up in a single word: Whenever you will handle a similar type of project in the future, you will start planning from scratch, develop your project team, contract the procurement, and so on.
Operations are different as opposed to projects, which are known for their uniqueness. According to research conducted by Reliabilityweb.
I told him these are properties of projects, that they have a definitive beginning, ending, and has fixed budget.
It has to end when the objective is achieved, or it is terminated. A project can be defined in many ways. Any manufacturing or production process can be an example of an operation. I explained to him the definitions of a project and an operation and how he can apply these definitions to his school building example.Operation Management.
Final Exam This exam is to be completed as an individual assignment. Each question is from a corresponding chapter. For example, question 1 is from Chapter 1 and so on. Write paragraphs for each of the four.
Quizzes › Business › Management › Operation Management › Operations Management Test 1 Practice. Operations Management Test 1 Practice. 69 Questions | By Kilikika | Last Reveal Answers: During the Quiz (Practice Mode) End of Quiz (Exam Mode) Number of questions: Changes are done, please start the quiz.
Questions and Answers. 1. Power Grid Corporation of India Limited (POWERGRID), is an Indian state-owned electric utility company headquartered in Gurugram, India. POWERGRID transmits about 50% of the total power generated in India on its transmission network.
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