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In: Operations Management

5. What are the main elements of a project reliability plan? To which other project plans...

5. What are the main elements of a project reliability plan? To which other project plans should it refer?

Solutions

Expert Solution

MAIN ELEMENTS OF PROJECT RELIABILITY PLAN ARE-

  1. RISKS/ CHALLENGES:- THE OVERALL CHALLENGE OF TEAM IS TO FIND RELEVANT RISK, PRIORTIZE AND RESOLVE AS MANY RISKS TO RELIABILITY AS NECESSARY. TEAM HAVE TO FIND MARGINS, DISCOVER FAULTS, REVEAL WEAKNESS DELIBERATELY. IF IN ANY CASE THE TEAM ALREADY HAVE A LONG LIST OF RESOLVE AND NO NEW RISK CREATE PROBLEMS THEN IT WILL SHOW GOOD RESULT TO TEAM.
  2. PREDICTIONS/ ESTIMATES:-  THE EARLY PREDICTIONS WILL HELP TO GO PLAN IN SMOOTH MANNER. THE ESTIMATION WILL HELP THE TEAM TO COME UP WITH NEW AND EFFECTIVE IDEAS. BASED ON PREDICTIONS, THE ELEMENTS OF THE PLAN SHOULD PROVIDE REGULAR AND INCREASINGLY ACCURATE MEASURES OF THE EXPECTED RELIABILITY PERFORMANCE.
  3. GOALS/ OBJECTIVES:- CONNECT THE GOALS WITH THE PRODUCT OR WITH PRODUCT LIFE CYCLE. THE GOALS AND OBJECTIVES ARE THE MAJOR AND KEY COMPONENTS OF THE PRODUCT SPECIFICS TO TEAM. BY KNOWING THE GOALS THE TEAM WILL PLAN IN RELATED MANNER AND THE GOALS CAN BE ACHIEVED TIMELY, EFFECTIVELY AND EFFICIENTLY.

THE OTHER PROJECT PLANS IT REFER-

  1. SIX SIGMA PROJECT MANAGEMENT
  2. WATERFALL PROJECT MANAGEMENT
  3. PRINCE2 PROJECT MANAGEMENT

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