Question

In: Operations Management

Scenario: You have recently gained employment as a Trainee Engineering Manager with a large multinational company...

Scenario:
You have recently gained employment as a Trainee Engineering Manager with a large multinational company which manufactures electrical machines and transducers, including transformers, motors, generators, sensors and actuators.


Your line manager has tasked you with creating a report to indicate your level of knowledge in engineering management.


Activity:
Within your report you have specifically been instructed to provide written solutions to the following questions.
Task:
a) Discuss the main features of project and operations management tools used to manage activities and various resources within the engineering industry. What are the most effective tools to employ when managing activities and optimising the allocation of resources? Present a table which compares the relative merits of such tools.


b) Compare what can be used to improve management processes within the engineering industry? Which activities will improve management strategies? How do you think management strategies may be improved in certain circumstances or situations?

Solutions

Expert Solution

Trainee Engineering Managers work under the guidance of a Manager, fulfilling various allocated jobs ranging from assisting Manager or supervisor staff with new projects, conducting research, offering suggestions on existing methods, writing reports and action plans, and managing resources and data.

a.1. Discuss the main features of project and operations management tools used to manage activities and various resources within the engineering industry.

Project management is the application of initiating, planning, executing, controlling, and closing the roles of a team or group to attain specific objectives and meet specific success benchmarks or methods at the specified time. Operations management is the administration area of business practices to create the highest level of efficiency and operate the best possible managerial resources within the purview of an organization. It is concerned with converting resources and workforce labor into final goods and services as efficiently to maximize the profit of an organization.

As a Trainee Engineering Manager, the role is balanced and a mixture of both project and operation management. The role is active, with a fixed start and end date to innovate a new outcome, whereas an operation efficiency is mandatory and it must come outside the scope of a project, fixed and focused on efficiency.

Main features of project and operation management:

Objective and schedule: Every project has a specific goal to reach. It has a unique goal or model to attain. So the objective describes the route map of the project. Pin in time in which they must be fully filled. Every project has a plan for carrying out a method or procedure, giving protocols of intended tasks and timelines.

Risk Management: It refers to the practice of finding potential risks in advance, verifying them, and taking protective steps to reduce or avoid the risk. Unforeseen situations happen every time, during each and every stage of project development and they have different influences on plans and project patterns.

Resource Management: It is an integral part of software development projects. It can be like machinery, your group, and expenditures or resource cost. It is of the highest point for those who want to not only prepare tasks but to calculate resource costs. Therefore, it’s very convenient and helpful when a project management tool support more on resource management function.

Team Collaboration: It is important to collaborate and communicate with your group or team. Well-timed, clear communication during development or improvements is a must. This is where great thoughts arise to make your project better.

Baseline and Estimates: A baseline is a clear way and it defined starting timeline for your project plan. It is a stable reference point to track and compare your progress against the other. This allows your team or group to assess or evaluate the performance of your project over time. Estimates involving a quantitative calculation of project costs, resources, or timelines. Accurate estimates are the basis of better project planning.

a.2. What are the most effective tools to employ when managing activities and optimizing the allocation of resources?

Effective utilization of resources, and tools to employ in project and resource management help businesses to reach new heights of success. On the other hand, ineffective utilization will lead to huge losses.

Program Evaluation Review Technique (PERT) and Gantt Charts are two of the most commonly used project management tools used to employ or managing activities for an effective usage of resources.

Program Evaluation Review Technique (PERT): PERT is a planning and control tool that helps the team for defining and controlling the works necessary to finish a project. It showcases the total project with all scheduled works in sequence.

Gantt charts: It is used to display calendar time task assignments in days, weeks, or months. The chart uses graphic representations to showcase the start, elapsed, and finish times of each specific task within a project. These tools are best suitable for tracking the progress of a particular project.

a.3. Present a table which compares the relative merits of such tools?


Related Solutions

Scenario: You have recently gained employment as a Trainee Engineering Manager with a large multinational company...
Scenario: You have recently gained employment as a Trainee Engineering Manager with a large multinational company which manufactures electrical machines and transducers, including transformers, motors, generators, sensors and actuators. Your line manager has tasked you with creating a report to indicate your level of knowledge in engineering management. Activity You have specifically been instructed to provide written solutions to the following question. a) Compare a range risk management practices and quality management theories and identify how they can improve management...
Scenario: You have recently gained employment as a Trainee Engineering Manager with a large multinational company...
Scenario: You have recently gained employment as a Trainee Engineering Manager with a large multinational company which manufactures electrical machines and transducers, including transformers, motors, generators, sensors and actuators. Your line manager has tasked you with creating a report to indicate your level of knowledge in engineering management. Activity You have specifically been instructed to provide written solutions to the following questions. Tasks: a) Investigate at least THREE Management theories and techniques which are used within engineering organisations. Be sure...
“You are a $tockholder (and/or perhaps, a manager) in a large U.S. multinational company (MNC) that...
“You are a $tockholder (and/or perhaps, a manager) in a large U.S. multinational company (MNC) that manufactures toys in several different countries in Southeast Asia, and sells these toys both here in America, and in many other countries around the world. Is it acceptable for your company to lower its ethical standards (perhaps those commonly followed in the U.S.) to compete internationally? International ethical issues commonly confronted by a MNC might include: [1] foreign countries with liberal child labor laws...
Case Study 03: You have been recently employed as a trainee accountant to a large manufacturing...
Case Study 03: You have been recently employed as a trainee accountant to a large manufacturing business. After three months you have observed that the accounting information system is rather inefficient with data input being conducted on an ad-hoc basis, with processing systems being inefficient, where some information from the system is not forwarded to appropriate personnel and where some managers are not able to read or interpret information presented to them. Required: Write a brief report to the chief...
Select any engineering company and assume you are an engineering manager working in that company. Your...
Select any engineering company and assume you are an engineering manager working in that company. Your department has been awarded an external grant of $1M to select 1 project of your choice. You have identified 5 mutually exclusive projects to choose from. However, you can only select one and you have decided to select the 1 project by using NPV-based analysis. For this question, you do not have to calculate NPV or show any calculations. (a) List your 5 hypothetical...
You have recently been promoted to district manager of a large scale restaurant chain which specializes...
You have recently been promoted to district manager of a large scale restaurant chain which specializes in affordable meals in a pleasant environment. In accordance with management objectives, you are responsible for increasing sales of appetizers by 20 percent by the next quarter for the 15 locations in your area. Keeping channel richness in mind, how will you make contact with the restaurant employees to facilitate the sales increase? Organizational Behavior
You are the auditor of Crane Inc., the Canadian subsidiary of a public multinational engineering company...
You are the auditor of Crane Inc., the Canadian subsidiary of a public multinational engineering company that offers a defined benefit pension plan to its eligible employees. Employees are permitted to join the plan after two years of employment, and benefits vest immediately. You have received the following information from the fund trustee for the year ended December 31, 2020: Discount rate 5% Rate of compensation increase 4% Defined Benefit Obligation Defined benefit obligation at January 1, 2020 $11,263,680 Current...
Your friend Mr. Fawad has recently joined a multinational company as an Asst. Manager. He has...
Your friend Mr. Fawad has recently joined a multinational company as an Asst. Manager. He has observed his Manager indulging into taking bribe at times. Mr. Fawad overheard on the phone his manager leaking company’s private information with the competitors. Fawad’s promotion can be decided only by this Manager. If Mr. Fawad doesn’t keep him happy, he will have to forget his promotion. If new Manager comes, Fawad’s promotion will be postponed for a very long time till he satisfies...
Assume you have recently been hired as a new manager of EyeTech Company, an innovative company...
Assume you have recently been hired as a new manager of EyeTech Company, an innovative company that sells specialized eye care treatment equipment to Ophthalmologists, Optometrists, clinics, and hospitals. Over the course of your first year, you will face 4 challenges as set forth below: 1. March 2. June 3. September 4. December. Respond to each and every challenge one at a time with insights you have gained from your study of the material presented in modules 1 through 5....
You have just signed on as the Manager of Human Resources for a large manufacturing company...
You have just signed on as the Manager of Human Resources for a large manufacturing company in the Chicago area. Your company manufactures parts to the automotive industry such as air duct assemblies for various models of new vehicles as well as to the secondary market for these same parts. Upon conducting an audit of HR initiatives and trying to understand the challenges you want to tackle, you find that the overall turnover rate for this company is 37%. You...
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT