1. Project Charter: Create a Project Charter that outlines the project's purpose, objectives,
stakeholders, and high-level scope. 2. Scope Definition: Clearly define the project scope,
including deliverables, boundaries, and exclusions. 3. WBS and Gantt Chart: Develop a Work
Breakdown Structure (WBS) to break down the project into manageable tasks. Create a Gantt
chart to visualize project tasks and their timelines. 4. Activity List and PDM Network Diagram:
Compile an activity list detailing all project tasks. Construct a Precedence Diagramming Method
(PDM) network diagram to illustrate task dependencies. 5. Project Milestones: Document key
project milestones, indicating their significance and timelines. 6. Stakeholder Identification:
Identify all project stakeholders, including internal and external parties. 7. Risk Management:
Prepare a Risk Identification, Assessment, and Evaluation document. Utilize a Risk Matrix and
Risk Register to systematically evaluate and manage project risks. 8. Resource Allocation:
Document the necessary project resources, including human resources, technology, and any other
requirements. 9. Success Factors and Criteria: Identify the critical success factors that will
contribute to the project's success. Define project success criteria that will be used to evaluate
project outcomes. 10. Communication Plan: Utilize a provided template to develop a
comprehensive Communication Plan that outlines how project information will be disseminated
to stakeholders. 11. Change Management Register: Create and maintain a Change Management
Register using a provided template to track and manage project-related changes. 12. Budget
preparation: Develop an initial, rough project budget that outlines the projected project-related
expenses and anticipated resource requirements. This preliminary budget serves as an early-stage
financial overview. Project: Advanced Inventory Management System Upgrade for ABC
Biopharmaceuticals Ltd. Project Duration: 12-18 months Budget: $1 million (fixed) Project
Description: ABC Biopharmaceuticals Ltd. specializes in manufacturing in vitro diagnostic rapid
test kits for various diseases, including COVID-19, dengue, influenza, syphilis, and hepatitis A,
B, and C. The company has recognized the need to modernize its inventory management system
to improve operational efficiency, reduce costs, and ensure regulatory compliance. This project
aims to design and implement a customized inventory management solution tailored to the
specific needs of the biopharmaceutical industry. Project Objectives: 1. Enhance Inventory
Control: Implement a robust inventory management system to gain real-time visibility into
inventory levels, track product expiration dates, and reduce inventory holding costs. 2.
Streamline Procurement Processes: Optimize procurement processes to ensure timely
replenishment of stock, reduce lead times, and minimize excess inventory. 3. Minimize
Stockouts: Implement demand forecasting and replenis.
Measures of Central Tendency: Mean, Median and Mode
1. Project Charter � Create a Project Charter that outlines the pro.pdf
1. 1. Project Charter: Create a Project Charter that outlines the project's purpose, objectives,
stakeholders, and high-level scope. 2. Scope Definition: Clearly define the project scope,
including deliverables, boundaries, and exclusions. 3. WBS and Gantt Chart: Develop a Work
Breakdown Structure (WBS) to break down the project into manageable tasks. Create a Gantt
chart to visualize project tasks and their timelines. 4. Activity List and PDM Network Diagram:
Compile an activity list detailing all project tasks. Construct a Precedence Diagramming Method
(PDM) network diagram to illustrate task dependencies. 5. Project Milestones: Document key
project milestones, indicating their significance and timelines. 6. Stakeholder Identification:
Identify all project stakeholders, including internal and external parties. 7. Risk Management:
Prepare a Risk Identification, Assessment, and Evaluation document. Utilize a Risk Matrix and
Risk Register to systematically evaluate and manage project risks. 8. Resource Allocation:
Document the necessary project resources, including human resources, technology, and any other
requirements. 9. Success Factors and Criteria: Identify the critical success factors that will
contribute to the project's success. Define project success criteria that will be used to evaluate
project outcomes. 10. Communication Plan: Utilize a provided template to develop a
comprehensive Communication Plan that outlines how project information will be disseminated
to stakeholders. 11. Change Management Register: Create and maintain a Change Management
Register using a provided template to track and manage project-related changes. 12. Budget
preparation: Develop an initial, rough project budget that outlines the projected project-related
expenses and anticipated resource requirements. This preliminary budget serves as an early-stage
financial overview. Project: Advanced Inventory Management System Upgrade for ABC
Biopharmaceuticals Ltd. Project Duration: 12-18 months Budget: $1 million (fixed) Project
Description: ABC Biopharmaceuticals Ltd. specializes in manufacturing in vitro diagnostic rapid
test kits for various diseases, including COVID-19, dengue, influenza, syphilis, and hepatitis A,
B, and C. The company has recognized the need to modernize its inventory management system
to improve operational efficiency, reduce costs, and ensure regulatory compliance. This project
aims to design and implement a customized inventory management solution tailored to the
specific needs of the biopharmaceutical industry. Project Objectives: 1. Enhance Inventory
Control: Implement a robust inventory management system to gain real-time visibility into
inventory levels, track product expiration dates, and reduce inventory holding costs. 2.
Streamline Procurement Processes: Optimize procurement processes to ensure timely
replenishment of stock, reduce lead times, and minimize excess inventory. 3. Minimize
Stockouts: Implement demand forecasting and replenishment algorithms to minimize the
occurrence of stockouts and ensure product availability. 4. Regulatory Compliance: Ensure the
new system complies with relevant regulatory requirements for the biopharmaceutical industry,
2. including traceability and reporting. 5. Cost Reduction: Identify cost-saving opportunities by
reducing overstocking and implementing efficient inventory practices. Technical Requirements:
Inventory Management Software: Customized inventory tracking and management software
Real-time inventory visibility Barcode scanning capability for product tracking Integration with
accounting and procurement systems User-friendly interface for staff Demand Forecasting:
Advanced demand forecasting algorithms Seasonal demand prediction Historical sales data
analysis Forecast accuracy monitoring Procurement Optimization: Automated purchase order
generation based on reorder points Supplier performance tracking Vendor management tools
Supplier communication and collaboration features Regulatory Compliance: Serialization and
traceability features Audit trail for compliance reporting Integration with relevant regulatory
databases and reporting systems Data Security: Robust data encryption User authentication and
access controls Regular security audits and updates Integration Capabilities Seamless
integration with existing accounting, procurement, and ERP systems. API support for third-party
integrations with regulatory databases and reporting tools. Reporting and Analytics Create
customizable reports for inventory turnover, stockout analysis, supplier performance, and
compliance reporting. Real-time analytics dashboard for insights. Scalability: Ability to scale
the system as the company grows Support for adding new product lines or categories Technical
Specification Programming Languages and Frameworks: Web-based application development
using modern languages and frameworks such as Python, Ruby on Rails, or Node.js. Mobile app
development (if applicable) for Android and iOS using technologies like React Native or Flutter.
Database Management: A robust relational database management system (RDBMS) like
PostgreSQL, MySQL, or Microsoft SQL Server to store inventory and transaction data. Support
for database clustering and replication to ensure high availability and data redundancy. Cloud
Infrastructure (Optional): Consideration for cloud hosting options like Amazon Web Services
(AWS), Microsoft Azure, or Google Cloud Platform (GCP) for scalability and reliability.
Integration with cloud-based data storage solutions for backup and disaster recovery. Web
Technologies: HTML5, CSS3, and JavaScript for front-end development to create a responsive
and user-friendly interface. Use of front-end frameworks like React, Angular, or Vue.js for
dynamic and interactive user experiences. Security Measures: Implementation of best practices
for web application security, including protection against SQL injection, cross-site scripting
(XSS), and cross-site request forgery (CSRF) attacks. Regular security assessments and
penetration testing to identify and address vulnerabilities. Policies, Procedures and Guidelines
The University has a comprehensive policy framework to which both staff and students must
adhere. You should familiarise yourself with those policies, procedures and guidelines likely to
affect you, especially the following: Academic Progress Review Policy Assessment Policy
Health and Safety (OHS) Privacy