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Supply Chain Project Management

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Initiation Phase

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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.

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Planning Phase

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In this phase, detailed step-by-step actions for the project are established, including procurement plans, resource allocation, and supply chain coordination.

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Execution Phase

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This phase focuses on putting the project plan into action and coordinating with supply chain entities to ensure smooth operations and materials flow.

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Monitoring and Controlling Phase

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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.

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Closing Phase

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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.

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Scope Statement

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Defines the project's boundaries including the supply chain elements it impacts and does not impact, ensuring clarity and understanding among stakeholders.

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Work Breakdown Structure (WBS)

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This is a key project deliverable that breaks the team's work into manageable sections, including supply chain tasks and procurement requirements.

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Critical Path Method (CPM)

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A step-by-step project management technique to outline tasks, sequences, and their potential impacts on the supply chain timeline.

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Gantt Chart

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A visual project management tool often used to illustrate a project schedule, including supply chain activities and their timelines.

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Program Evaluation and Review Technique (PERT)

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A statistical tool used to analyze the tasks involved in completing a project, including the procurement and logistics timelines critical to the supply chain.

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Agile Project Management

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An iterative approach to managing projects that focuses on continuous releases and incorporating customer feedback, which requires a highly responsive supply chain.

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Lean Project Management

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This approach aims to maximize value while minimizing waste within a project and throughout the supply chain processes.

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Six Sigma

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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.

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Risk Management Plan

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A plan for identifying, analyzing, and responding to project risks, including those associated with supply chain disruptions and uncertainties.

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Stakeholder Analysis

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Identifying, analyzing, and understanding the needs and expectations of all stakeholders, including suppliers, customers, and partners within the supply chain.

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Resource Levelling

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This technique adjusts the start and finish dates based on resource constraints, focusing on the optimization of resource allocation throughout the supply chain.

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Earned Value Management (EVM)

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A project management technique for measuring project performance against the project plan, which includes budget and schedule components linked to supply chain activities.

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Change Management

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The process of managing changes to the project scope, including potentially sourcing and procurement changes in the supply chain.

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Procurement Management

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Managing the processes needed to purchase goods and services from vendors for project execution, including coordination of the supply chain.

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Quality Management

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Ensuring that the project will satisfy the required quality standards, including those related to supply chain outputs and processes.

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Communication Plan

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A part of project management planning that outlines how project information will be shared with stakeholders, including communication with and within the supply chain.

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Stakeholder Engagement

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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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Cost-Benefit Analysis

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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.

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Inventory Management

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The supervision of non-capitalized assets (inventory) and stock items as a component of supply chain management which affects overall project costs and schedules.

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Sprint Planning

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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.

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Project Charter

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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.

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Return on Investment (ROI)

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A financial metric commonly used in project management to calculate the profitability of the investment, including investments in supply chain improvements or technologies.

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Total Cost of Ownership (TCO)

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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.

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Just-in-Time (JIT)

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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.

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