Asset Life Cycle Management - Operations Management Vs. Capital Project Management

Asset Life Cycle Management - Operations Management Vs. Capital Project Management

 

Sr. No.

Operations Management (OM)

New Product/ Capital Project Management (PM)

1

Repeated annual activities for an already engineered product process

A one-time effort with a definite start and end

2

Funded by retained earnings and or short term borrowings

Funded by retained earnings and or Long term borrowings

3

OM utilizes capital Assets, Product manufacturing processes, and work-flow

PM creates and modifies Assets, Product manufacturing processes, and work-flow

4

Micro Manufacturing Life Cycle Process-oriented

Macro Asset/Product Life Cycle oriented to create capital Asset, Product, and Service

5

Annual Production Strategy

Long term Business Strategy

6

Impacts Current Assets and Revenues

Impacts Long Term Assets and Taxes

7

Optimal Expertise - 80% OM, 20% PM

Optimal Expertise - 80% PM, 20% OM

8

Human Capital span of control is narrow

Human Capital span of control is broad

9

Operations Control concepts and conventions

Project Control concepts and conventions

10

Supply Chain

Intellectual Property, Contract Management

11

Efficiency by Economies of Scale

Efficiency by Economies of Scope

12

Prime focus is productivity, reliability

Prime focus is innovation, creativity

Market Place

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