In with the operations aspect of the organization.

In a business organization, operations is responsible for providing goods and services capacity for the expected demand. It places an important role to achieve an economic matching of supply and demand. Operations management involves system design and operating decisions related to product and service design, capacity planning, process selection, location selection, work management, inventory and supply management, production planning, quality assurance, scheduling, and project management. Failure to manage those processes effectively will have a negative impact on the organization. Strategy is an action that managers take to attain one or more of the organization’s goals. It is a general direction for the company and its various components follow in order to achieve a desired goal in the future. Strategy results from a calculatedly detailed planning process, and it provides a focus for every decision making. The objective of a strategy is to maximize an organization’s strengths so that it can outperform all the current competitors on the market and minimize the strengths of the competitors. Thus, organizations generally have overall strategies that pertain to the entire organization and functional strategies that pertain to each of the subdivisions within the company. Functional strategies are narrower in scope and should be linked to the overall strategies. Time-based strategies and quality-based strategies are among the most common strategies employed by the business organization to serve their customers and to become more productive. Functional strategies should support the overall strategies of the organization, and hence support the goals and mission of the organization. Operations strategy is one example of the functional strategies. It is narrower in scope, dealing primarily with the operations aspect of the organization. Operations strategy relates to products, processes, methods, operating resources, quality, costs, lead times, and scheduling. Therefore, the operations strategy is the total pattern of decisions making which shape the long-term capabilities of any type of operations and their contribution to the overall strategy. It should be linked to business strategies which are low cost, responsiveness, and differentiation. On the other hand, the business strategy should take into account the realities of strength and weakness of production. Likewise, operation strategy must be consistent with business strategy and formulated to support the goals of a business organization. Project management techniques are useful for any tasks in which different outcomes are possible, where the certain degree of risk is involved and planning is required to minimize the impact of those risks on the outcome. These techniques have been used for wide variety of efforts in helping to bring and manage the necessary changes. Project management has a strategic importance in an organization; these techniques enable the organization to focus its attention and concentrate its efforts on accomplishing a set of objectives within a given time and budget frame. On the other hand, the operations management has a wider scope as compared to project management. Change in operations can affect the productivity of the entire business while change in the working of tasks impacts only the project. Operations management focuses on the transformation role in which raw material is converted into finished goods while project management focuses on the achievement of a particular project only, which is temporary in nature. Although project management techniques have been used successfully for a variety of situations, such as the development of new products and services, I do not believe that we can use these techniques for managing any operation functions of any business. The operation management manages the continuous running of business functions such as manufacturing, finance, customer, human resource, investors, while the project management deals with specific tasks. A project is considered to be unique and is mostly set up to deliver a service as per the business’ need. The project management is the majority of the one-time activity within a fixed time period. It is usually not repeated, very expensive to design, and developed due to their unique and special characteristics; once the goals are met, the project gets completed. Whereas, business operations require business process management; they are ongoing and repetitive for a long time period. The work involves the same task to produce the same result without an ending. Operations continuously run business functions, emphasizing on achieving the organization’s overall goal sets. In sum, it is really difficult and inefficient to use project management techniques for the management of operations functions of any business.