OPER903 Operations, Quality and Management Assignment Sample

• Subject Code : OPER903
• University : Auckland University of Technology My Assignment Services is not sponsored or endorsed by this college or university.
• Subject Name : Project Management 3

Supply Chain and Project Management

Contracts are an integral part of any given project whether it is the construction of a bridge or production of a vaccine. Traditionally the contracts were used as a method to escape, however, in recent years the contracts are stricter and impose a great problem for the party that is not able to keep up their part of the deal (Hughes, Champion, & Murdoch, 2015). As the contract is a legally binding agreement which takes place between the buyer and the seller, however, in the case of health system the buyer is generally the government or the health care system and the seller is a private sector organization or a government-owned corporation (Konduri et al. 2017).

The role of contractors is very important in the case of production vaccines, to help the contractors to reach their goal every government body including FDA works together for a better future. For this particular scenario, the following contractors will be required.

As the operations are in the initial stage it is very hard to identify whether the organization will use a government-owned and contractor-operated facility or a completely contractor-owned contractor-operated facility. 

Risks

Multiple risks are associated with the production of the vaccine. It has been identified that the vaccine is created using an agent that has the same chemical composition as that of the disease. To create these vaccines the microorganisms are either killed or weakened. In this particular case, multiple pathogens are considered for the study, even if a small event of pathogen escapes it can turn out to become a deadly virus (Rincon, 2020). In addition to this, the cost incurred to prepare a vaccine can become very high and there are chances that the vaccine does not even make a successful impact on the market.

Mitigation

The organization should enhance its monitoring practices, and analyze all the types of equipment that are being used for experimentation purposes. Also, the pathogens should be stored carefully so that the vessel in which they are stored is not damaged. However, in case a deadly pathogen can escape, then the owner or the one leading the study should be consulted. If the organization does not want to incur losses, it should try to enhance its data collection methods as well as increase efficiency in analyzing the data. Also, the government should provide the organization with some subsidy that will motive the organization to work on the vaccine.

References for Operations, Quality and Management

Hughes, W., Champion, R., & Murdoch, J. (2015). Construction contracts: law and management. Routledge.

Konduri, N., Rauscher, M., Wang, S. C. J., & Malpica-Llanos, T. (2017). Individual capacity-building approaches in a global pharmaceutical systems strengthening program: a selected review. Journal of pharmaceutical policy and practice, 10(1), 16.

Zhang, Y., Donohue, K., & Cui, T. H. (2016). Contract preferences and performance for the loss-averse supplier: Buyback vs. revenue sharing. Management Science, 62(6), 1734-1754.

Rincon. P. (2020). Coronavirus: Is there any evidence for lab release theory? Retrieved from. https://www.bbc.com/news/science-environment-52318539

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