Good Pill Project Scope Statement
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Date
Jun 24, 2024
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G
OOD
P
ILL
P
ROJECT
S
COPE
S
TATEMENT
6/16/2024
Project Scope Statement Template
T
ABLE
OF
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ONTENTS
I
NTRODUCTION
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P
ROJECT
P
URPOSE
AND
J
USTIFICATION
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S
COPE
D
ESCRIPTION
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IGH
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EVEL
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EQUIREMENTS
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OUNDARIES
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TRATEGY
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ELIVERABLES
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CCEPTANCE
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RITERIA
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ONSTRAINTS
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SSUMPTIONS
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OST
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STIMATE
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ENEFIT
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NALYSIS
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Project Scope Statement Template
I
NTRODUCTION
Good Pill Industries is looking forward to this project streamlining and improving the pharmaceutical company's portfolio management procedures. We will accomplish this by integrating our portfolio decisions with project management. This will implement more systematic techniques in the early R&D stage, and ensuring that project evaluations are uniform and consistent across various research sites.
P
ROJECT
P
URPOSE
AND
J
USTIFICATION
This project aims to streamline and improve the pharmaceutical company's portfolio management procedures.
This will be accomplished
by integrating portfolio decisions with project management, implementing more systematic techniques in the early R&D stage, and 3
Project Scope Statement Template
ensuring that project evaluations are uniform and consistent across various research sites
The main objective of Good Pill’s initiative will be to boost the pharmaceutical development portfolio's overall worth and efficiency. The business goals of increasing return on investment, lowering attrition rates in R&D, and ensuring that projects align with the organization's strategic goals are all supported by optimizing these processes.
S
COPE
D
ESCRIPTION
The scope will include crucial improvements that are intended to improve pharmaceutical development portfolio management. Strengthening the evaluation methodology and indicating more thorough and robust evaluation will be a top priority. The corporate review and prioritizing process optimization will guarantee a coordinated and practical selection of projects. The Target Product Profile (TPP) and stage-gate decision processes will be used to seek organized and clarified review phase. This will be critical towards making an improvement upon the pharmaceutical market. A risk analysis will be incorporated to anticipate and resolve any further issues found. The Net Present Value (NPV) technique will be highlighted to estimate the value of
projects. Simplified assessments of research projects are supported, as this will foster uniformity in monitoring development to maintain a consistent and effective oversight. Lastly, the scope suggests using scoring techniques to improve the evaluation of research initiatives.
H
IGH
-L
EVEL
P
ROJECT
R
EQUIREMENTS
The high standards needed to improve pharmaceutical R&D portfolio management varies. To ensure a consistent strategy for product development, TPPs specific to R&D projects must be created and standardized. In order to streamline the assessment and advancement of each project,
a stage-gate decision process will be applied consistently across all project stages. An additional critical component, risk assessment, is the creation of evaluation benchmarks that can accurately analyze prospective difficulties. A uniform set of criteria is essential to evaluating the research portfolio to maintain consistent assessment standards. There is also a call for the development and seamless integration of a simplified financial ranking system that will use epidemiological insights and market data to forecast project potential success and profitability. This recognizes the dynamic intersection of science and business
4
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✓ ✓ ✓
%
Activity
A
5
B
C
D
¶
E
F
—
a) Construct the project network (AON) diagram for Evergreen Company and list all
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b) Determine Evergreen Company's critical path(s). What is the duration of project
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O O D 40 4 22:31
photo_2021-02-2... O
By using Bar chart planning method, find the following:
- Total duration for the project activities shown below
- The project completion date (assume the start date is
1/3/2012
Activity
A
В
CDEF
GHIJ
Duration
8
28 4
6.
4 5 6
(days)
Following
C,DEFGH
Activity
* If the project shown above had a delay of (4 days after
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7.
5,
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Q1. Using a suitable example each, describe what the following project planningprocess activities involve:a. Establish project objective;b. Define scope;c. Create a Work Breakdown Structure (WBS);d. Estimate activity durations;e. Sequencing activities.
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States)
B
E-
Text Predictions: On
Activity
A
I U
2. Given below are additional details for the Evergreen Company's construction project, i.e.
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B
C
D
ALL
E
F
Optimistic
0.5
ARDCCDGEe
Normal
2.5
1
0.9
0.5
Most Likely
1
2
3
2
1
AaBb CcDdEe
No Spacing
1
AaBbCcL AaBbCcDd.
Heading 1
Heading 2
Pessimistic
2
2.5
3.5
3
1.1
1.5
a) Calculate the expected completion times and completion variances for each activity.
b) What are the expected days to completion now for Evergreen?
c) Compute the variance and standard deviation of the Evergreen project's completion time.
d) What is the probability that the Evergreen Company's project can be completed in 6.5
days?
e) What would be Evergreen Company's completion days if we needed a 95% confidence
level?
f) Which noncritical activities should Evergreen Company monitor closely? Why?
Focus E
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5]
51
Ex-2/ Find the project's total duration and date of completion (assume the project
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build its Table:
Activity
BC
E
H.
R.
Duration
4
3
4.
5
6.
(days)
Following B,D,E C,FGF,G
Activity
H,I
R
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ID
Description
Predecessor
te
Variance
Critical?
Pilot production
None
3
2.
Select channels of distrib.
None
13
4
3
Develop mktg. program
None
18
2
4
Test market
1.
Patent
24
Full production
4
10
7
Ad promotion
3.
17
2
8.
Release
2,5,6,7
2
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0
1
11. Given the time-phased work packages and network, complete the baseline budget
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Soccer Toy Project
3
Order
parts
Design
prototype
2
2
Build
prototype
Prepare
production
Assemble
& test
2
3
Legend
ES
ID EF
5
SL Description
Prepare
marketing
LS
DUR
LF
5
Soccer Toy Project
Cost by Week ($000)
+1-2-3-4-5
Design prototype
Build prototype
Order parts
12
10 10
10
5 5
Prepare production
16 10 22
Prepare marketing
6 6 о 6 12
Assemble & test
18
18
Launch
12
Time-phased Budget ($000)
Week
1
2
5
6
8
11 12 13
Budget
Design
prototype 24
Build
prototype 30
10
°
Order
parts
Prepare 64
prod'n
Prepare
market'g
30
Assemble
36
& test
Launch
Total 206
Cumulative
Launch
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None
1
1
4
3
2,5,6,7
t₂
6
7
4
4
10
16
3
2
Varlance
[(b-a)/6]²
34225221
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(6) The project scope statement furnishes the basis for:
A clearly defined acceptance criteria
B. Provides links to the clients functional management groups
C. Allowing the project to move to the next phase
D. A way to provide updated information to the accounting department
(7) Project Scope Management has following processes:
a. Collect Requirements
b. Plan Scope management
c. Define Scope
d. Create
WBS
Arrange them in the correct sequence.
A a-b-c-d
B. c-d-b-a
C. b-a-c-d
D. a-c-b-d
(8) Each item of the Work Breakdown Structure is assigned a unique identif er. What is t
he name of this identifier?
A Product ID number
B. Code of account identifier
C. Quality inspection identifier
D. Project activity code
(9) Decomposition is an important tool used to
A Control Scope
B. Define Scope
C. Validate Scope
D.…
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1. Direct aand indirect project costs.
2. Recurring and nonrecurring project costs.
3. Fixed and Variable project costs.
4. Normal and expedited project costs.
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- O O D 40 4 22:31 photo_2021-02-2... O By using Bar chart planning method, find the following: - Total duration for the project activities shown below - The project completion date (assume the start date is 1/3/2012 Activity A В CDEF GHIJ Duration 8 28 4 6. 4 5 6 (days) Following C,DEFGH Activity * If the project shown above had a delay of (4 days after (13working days), what would its new delivery date be? 7. 5,arrow_forwardPlease Explain the question briefly as quick as you can in 30 minutes...arrow_forwardQ1. Using a suitable example each, describe what the following project planningprocess activities involve:a. Establish project objective;b. Define scope;c. Create a Work Breakdown Structure (WBS);d. Estimate activity durations;e. Sequencing activities.arrow_forward
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