SUMMARY
Punj Lloyd is one of the largest engineering construction companies in India providing integrated design, engineering, procurement, construction and project management services for energy industry and infrastructure sector projects. It provides engineering construction services for onshore and offshore pipelines, gas gathering systems, oil and gas tanks and terminals including cryogenic Liquefied Natural Gas (LNG) and Liquefied Petroleum Gas (LPG) storage terminals, process facilities in the oil and gas industry including refineries and for power plant projects. Punj Lloyd has worked not only in infrastructure sector but on several projects in the telecommunications sector also. In addition, it provides value added
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According to Hill T. (2005 pp.4-5), every business is managed through three major functions: finance, marketing, and operations management. Other business functions—such as accounting, purchasing, human resources, and engineering—support these three major functions. Finance is the function responsible for managing cash flow, current assets, and capital investments. Marketing is responsible for sales, generating customer demand, and understanding customer wants and needs.
To understand the role of Operations Management and Strategy in Punj Lloyd, we will have to know the organizational set up of the Company.
ORGANIZATIONAL SET UP OF THE COMPANY
PROCESS DESIGN:
“The process by which some functional requirement of people is satisfied through the shaping or configuration of the resources and/or activities that comprise a product, or a service, or the transformation process that produces them.” Slack N., Chambers S. and Johnston R, (2001, 2004, 2007) Operations Management., Chapter 4 – Process Design, 5th Ed., p.88, London: Prentice Hall.[3]
Process Design in Punj Lloyd can be described as part of its integrated process which is involved with all the other aspects of the business: namely, business planning, marketing and sales, finance, human resource management, purchasing, research and development.
This process necessarily involves both the all-important client/customer, and the
Throughout this course, there has been multiple themes of survival in the stories. Before they were forced to survive other than their natural way, was when the white settlers came to towards the west. They lived peacefully in these lands for thousands of years until the settlers came. As these white settlers from afar became aware of the Native people, they brought on them unyielding beliefs that would soon cause major conflicts between the two groups. It was crystal clear that the settlers and the Natives could not live amongst each other with peace, because of their different views towards, religion, land, and respect. Destruction of the Natives way of living would engulf them in a survival situation they had never previously experienced or heard of.
For services, the change would be more at a personal or even psychological level. From a value perspective, value is created
Management basics functions are planning, organizing, directing, lending, and controlling performance. Planning consist of the ability to create spreadsheets to work though of what has to happen (plan), and will consist of dates of when task are to be completed. Also spreadsheets will keep the business inline to achieve the goal in a reasonable time frame. Planning as well can be managing the schedule, adhering to the schedule forecast to have associates where they need to be a peak times of the business.
The success of the economic agents depends on a multitude of forces, such as the managerial ability to combine and exploit the resources in an efficient manner, the ability to manage the labor force or the ability to develop positive relationships with the external stakeholder, such as the customers, the business partners, the public and so on. Still, while all these factors are crucial, they are merely adjacent to the core operational function which builds towards organizational success, namely the organizational operations.
Operations processes refers to the acquisition of inputs which are transformed in a business through the addition of value into outputs of goods and services. Businesses use operational processes involving inputs and transformation processes to increase efficiency and output. The operations management focuses on carefully and managing processes to produce and distribute products and services based on the nature of the business. To achieve objectives in a business, the quality of products are monitored regularly using customer services and warranties. Both Qantas and McDonalds, utilise operation process in order to gain maximum efficiency and productivity.
In Illinois, there is a gray area as to when and when you cannot stay home alone. But when it comes to assistance there is an age limit in how long you can get help.
Being the Operations Executive new on board, I am commissioned by the top management to perform a detail scan on the nature of operations management within the organization
The main functional areas of a business are marketing, human resource, finance, information systems and production. All these interact with each other in different ways but all contribute to effective management. Management would not be completely effective if one of the above areas are missing. They are all needed in different ways to make sure that the business reaches objectives, achieves effectiveness and efficiency and while doing this trying to get a balance in which they can satisfy different stakeholders.
Businesses have many functional areas, these are important in ensuring the business runs efficiently. Here I have described 4 functional areas that most large businesses and organizations should have.
Contrast project management with operations management. How do these differences impact the approach required to manage a project successfully? (15 points)
The machines, equipment and devices which help the operation transform materials and information and customers in order to add value and fulfil the operation’s strategic objectives.
Operations Management explores the way organizations produce and distribute goods and services. Everything you wear, eat, sit on, use or read comes to you courtesy of the
Death punishment is a capital punishment among most jurisdictions if not all. The most likely drive to this type of punishment is the commission of serious crimes commonly referred to as felonies in criminal law. This kind of punishment where one is subjected to death is referred to as death punishment. Because the outcome of capital punishment involves perpetrator's life which is inevitable once death punishment is enforced. The debate of capital punishment from two sides will not and should not cease. Through the debate in class, I learned others opinions on this topic. For the purpose of this paper, first, I will evaluate capital punishment in John Stuart Mill and Immanuel Kant’s view of morality. Second, I review the impact of capital punishment in the contemporary society with examples. Lastly, I shall prove that capital punishment is immoral and should be abolished.
the Design of Goods and Services is fairly much of the transformation process in a firm. The design of process is extremely influential in determining decisions relating to business elements such as Cost, quality, human resources. Additionally, to survive in the business arena, a firm must design goods and services to meet the needs and wants of their customers (Heizer & Render, 2011).