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Supply Chain Project Management
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Work Breakdown Structure (WBS)
This is a key project deliverable that breaks the team's work into manageable sections, including supply chain tasks and procurement requirements.
Scope Statement
Defines the project's boundaries including the supply chain elements it impacts and does not impact, ensuring clarity and understanding among stakeholders.
Lean Project Management
This approach aims to maximize value while minimizing waste within a project and throughout the supply chain processes.
Change Management
The process of managing changes to the project scope, including potentially sourcing and procurement changes in the supply chain.
Critical Path Method (CPM)
A step-by-step project management technique to outline tasks, sequences, and their potential impacts on the supply chain timeline.
Inventory Management
The supervision of non-capitalized assets (inventory) and stock items as a component of supply chain management which affects overall project costs and schedules.
Program Evaluation and Review Technique (PERT)
A statistical tool used to analyze the tasks involved in completing a project, including the procurement and logistics timelines critical to the supply chain.
Procurement Management
Managing the processes needed to purchase goods and services from vendors for project execution, including coordination of the supply chain.
Communication Plan
A part of project management planning that outlines how project information will be shared with stakeholders, including communication with and within the supply chain.
Cost-Benefit Analysis
A process by which project decisions are analyzed based on their costs and benefits including implications for the supply chain such as logistics costs or the benefits of streamlining.
Quality Management
Ensuring that the project will satisfy the required quality standards, including those related to supply chain outputs and processes.
Six Sigma
A set of techniques and tools for process improvement that can be applied in project management and throughout the supply chain to improve quality and reduce defects.
Total Cost of Ownership (TCO)
An estimate of all direct and indirect costs associated with an asset or acquisition over its entire lifecycle, including procurement and supply chain-related costs.
Just-in-Time (JIT)
An inventory strategy companies employ to increase efficiency and decrease waste by receiving goods only as they are needed for the production process, which reduces inventory costs in the supply chain.
Agile Project Management
An iterative approach to managing projects that focuses on continuous releases and incorporating customer feedback, which requires a highly responsive supply chain.
Resource Levelling
This technique adjusts the start and finish dates based on resource constraints, focusing on the optimization of resource allocation throughout the supply chain.
Planning Phase
In this phase, detailed step-by-step actions for the project are established, including procurement plans, resource allocation, and supply chain coordination.
Closing Phase
The final phase of project management, where the project is formally closed and reports are generated, including an assessment of the supply chain's role in the project's success or failure.
Return on Investment (ROI)
A financial metric commonly used in project management to calculate the profitability of the investment, including investments in supply chain improvements or technologies.
Monitoring and Controlling Phase
In project management, this phase involves tracking, reviewing, and regulating the progress and performance of the project, including supply chain activities, to ensure alignment with goals and plans.
Gantt Chart
A visual project management tool often used to illustrate a project schedule, including supply chain activities and their timelines.
Earned Value Management (EVM)
A project management technique for measuring project performance against the project plan, which includes budget and schedule components linked to supply chain activities.
Sprint Planning
Part of the Agile project management method, where tasks for the next sprint are determined, directly affecting the supply chain's readiness and allocation of resources.
Initiation Phase
The phase in project management where the project is defined at a broad level, often including a supply chain perspective to understand how the project impacts suppliers and customers.
Execution Phase
This phase focuses on putting the project plan into action and coordinating with supply chain entities to ensure smooth operations and materials flow.
Stakeholder Analysis
Identifying, analyzing, and understanding the needs and expectations of all stakeholders, including suppliers, customers, and partners within the supply chain.
Project Charter
A document that officially starts a project and outlines its key elements, which may include supply chain implications such as expected resource requirements from suppliers.
Risk Management Plan
A plan for identifying, analyzing, and responding to project risks, including those associated with supply chain disruptions and uncertainties.
Stakeholder Engagement
This process involves working with project stakeholders to meet their needs and addressing issues as they arise, including those within the supply chain network.
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