Good Pill Project Scope Statement

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Southern New Hampshire University *

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680

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Management

Date

Jun 24, 2024

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docx

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9

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G OOD P ILL P ROJECT S COPE S TATEMENT 6/16/2024
Project Scope Statement Template T ABLE OF C ONTENTS I NTRODUCTION ................................................................................................................................. 3 P ROJECT P URPOSE AND J USTIFICATION ........................................................................................... 3 S COPE D ESCRIPTION ......................................................................................................................... 3 H IGH L EVEL R EQUIREMENTS ........................................................................................................... 3 B OUNDARIES .................................................................................................................................... 3 S TRATEGY ........................................................................................................................................ 4 D ELIVERABLES ................................................................................................................................. 4 A CCEPTANCE C RITERIA .................................................................................................................... 4 C ONSTRAINTS ................................................................................................................................... 4 A SSUMPTIONS ................................................................................................................................... 4 C OST E STIMATE ............................................................................................................................... 4 C OST B ENEFIT A NALYSIS ................................................................................................................. 5 2
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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