Leveraging Pfizer's Innovations for Global Health

[Virtual Presenter] Good evening everyone. Today, I am pleased to discuss with you Leveraging Pfizer's Innovations for Global Health. Our goal of this presentation is to provide an overview of this project, its objectives, scope, and all related management activities. We will also discuss how the project's success is dependent upon our adherence to the approved budget. So let us get started..

[Audio] In order to have a successful IT project, we must manage all of its components correctly. This presentation will delve into using Pfizer's innovations for global health to effectively manage a project. The nine components that need to be managed are: project objectives, project scope, time management, cost management, quality management, human resource management, communication management, risk management and procurement management. All of these components are vital to the project's success, and so let us explore each one in greater depth..

[Audio] We are aiming to enhance global health by leveraging Pfizer's innovations for our project. Focusing on addressing global health challenges, we will develop a plan outlining the ways we can use Pfizer's innovations to bring sustainable solutions to global health problems. Combining our expertise and resources, we can come up with innovative solutions to improve healthcare outcomes for disadvantaged communities..

[Audio] Scope Management is a process group that includes six processes: Plan Scope Management, Collect Requirements, Define Scope, Create WBS, Validate Scope and Control Scope. The Plan Scope Management process consists of creating a Scope Management Plan to document and manage the scope of the project. Collect Requirements is the process of collecting all stakeholders’ requirements to define the scope of the project. Define Scope is used to define the objectives and deliverables of the project. Create WBS is used to develop a hierarchical structure of the deliverables required to complete the project. Validate Scope is the process of making sure that the project deliverables and scope are meeting the stakeholders' requirements. Finally, the Control Scope process is used to ensure the scope of the project does not change and is achieved within the specified constraints..

[Audio] Scope Baseline is a fundamental part of any project. It delineates the scope of the project and the confines in which it must be undertaken in order to be successful. Scope Baseline is composed of several aspects, encompassing the project scope statement, work breakdown structure (WBS) and WBS dictionary. The project scope statement states the objectives and products of the project, while the WBS and WBS dictionary split the project into individual tasks. Scope Baseline is highly interactive and delineates and governs what is included in the project and what is not. It is a necessity for successful project management..

The project scope is comprehensive, covering various deliverables and milestones. We are tightly integrating our efforts with Pfizer's ongoing initiatives..

[Audio] Each activity for the project was defined and sequenced to construct a timeline. Additionally, schedule controls were set up to monitor the project timeline and milestones, allowing the project to be adjusted when necessary. This enabled us to recognize the critical path and guarantee the successful completion of the project..

[Audio] Estimating, budgeting and controlling costs are three important steps of cost management in project management. Estimating involves determining the costs for different project activities. Budgeting involves allocating these costs to specific tasks or work packages. Lastly, controlling project costs ensures that they remain within the approved budget..

[Audio] Students, this slide looks at how to use Pfizer's innovations for global health. Achieving this requires taking into account budget allocation and control. It is important to give top priority to areas where resources are most needed, such as research and development, regulatory compliance and production. A formal budget needs to be formulated with the relevant stakeholders to guarantee alignment with organizational objectives. Additionally, financial management software can be employed to facilitate budgeting, financial reporting and expense tracking. Also, if a project covers multiple years or different currencies, the changes in costs due to inflation and currency fluctuation must be accounted for..

[Audio] Quality Management is a set of processes that are implemented by Pfizer to guarantee that all products and services provided meet the highest standards. Three processes are included in Quality Management - Plan Quality Management, Perform Quality Assurance, and Control Quality. These processes require Pfizer to create and execute quality plans, examine and evaluate products and services, and supervise and regulate the quality of the products and services. Through the usage of Quality Management processes, Pfizer can make certain that their products and services meet customer expectations and give value throughout the product lifecycle..

[Audio] Defining standards for project deliverables such as research materials and reports is part of Quality Planning. Quality Assurance involves audits and reviews of project work, while Quality Control consists of inspections and testing to ensure the quality of project outcomes..

[Audio] Quality Management is an integral part of any modern project. Its purpose is to ensure that the project is completed to its intended outcome. Quality management encompasses product quality in addition to the quality of the project management processes. It evaluates overall performance and examines project results to guarantee that customers receive what was promised. By dedicating attention to Quality Management, projects have a higher chance of success to provide more value to customers..

[Audio] Pfizer puts a great emphasis on quality and integrity. To ensure that its products are of the highest quality and meet customer expectations, the company has established a Quality Management System (QMS). This QMS consists of several components to support quality and integrity, such as training and qualification of personnel and procedures..

[Audio] In order to ensure successful completion of a project, human resource management is essential. Acquiring the right team requires understanding of the project goals, objectives, and budget. Performance management should also be undertaken to ensure projects are on schedule. Team development should be encouraged to create an environment of collaboration and success, which involves training, setting expectations, providing feedback, and creating an effective team structure. Human resource management is a vital component for any project to be successful..

[Audio] HRM is an essential part of any project. It involves four processes – Planning, Acquiring, Developing and Managing the Project Team – to ensure the success of the project and to achieve the desired results. These processes must be leveraged in order for the project team to reach its goals..

[Audio] The next slide comprises of the HR Management Plan related to the project. As depicted in the table, Naushik B. and Ning Lee have been assigned to the project with their respective start dates, end dates, and durations in days for each task. Additionally, the priority and status for each task have been listed. It is evident that a few tasks have already been completed, some are in progress, and the remainder are still to be started. It is imperative that each task is completed within its specified timeline to ensure the successful completion of the project..

[Audio] It is important to emphasize the importance of effective team communication and communications management when taking a deeper look into the communication strategies associated with the Pfizer Innovations for Global Health. Effective team communication enables everyone to do their part effectively and efficiently, while communications management involves managing all the different types of communication needed throughout the project and developing a strategy to ensure the right information reaches the right people at the right time. By understanding and adopting these strategies, teams can actively work together towards the successful completion of the project..

[Audio] The Communications Management knowledge area from the Project Management Institute's Project Management Body of Knowledge is presented herein. It is focused on the planning, executing and controlling of communications on projects. The knowledge area is composed of three processes - Planning, Executing, and Controlling Communications - each of which is integral in ensuring that the necessary communication is taking place throughout the project life cycle..

[Audio] The slide we are looking at discusses controlling communications, of which the project manager and supervisor are mainly responsible for guiding the team. Team members should also be mindful of this when managing their communications for the best results..

[Audio] Good morning everyone. Effective communication is a key ingredient for successful project management. Communication skills enable Project Managers to ensure all project information, such as plans, risk assessments and meeting notes, are collected, organized, stored and disseminated to stakeholders and management in a timely manner. This includes, for example, writing reports, presenting key findings, taking part in meetings, and providing project updates. In order to ensure successful project completion, it is important the Project Manager utilizes strong communication skills throughout the project’s lifecycle. Thank you..

[Audio] Risk management is a crucial element of any project. It consists of recognizing and minimizing risks that could crop up during the project's course. There are many methods and tactics for reducing project risks. For instance, some of the most widespread plans are upping communication with stakeholders, verifying correct personnel training, assembling backup plans, and being proactive in spotting risks. Adopting these plans can aid in reducing the effect of likely project risks..

[Audio] Inaccurate estimations, insufficient resources, and requirement uncertainties can all lead to issues with the project timeline. Additionally, lack of funding, inflation, labor costs, new tests, new technology, or regulatory changes can have a detrimental effect on the project. Therefore, it is important to address and mitigate any potential risks as early as possible to ensure the success of the project, especially when it comes to the schedule, cost, and risk management of the project..

[Audio] The table on this slide provides project risk management plan details for the project outlined in the presentation title. The table is split into 5 columns; Process Group, Knowledge Area, Activity, Responsible Party, and Start and End Dates. The Process Group and Knowledge Area columns explain the scope of the risk management plan, and the Activity, Responsible Party, and Start and End Date columns provide more detail on the plan and timeline. This risk management plan is essential for successful execution of the project..

[Audio] Procurement Management refers to the process of acquiring the resources required for a project. This entails Procurement Planning, which entails screening and selecting vendors, and Contract Management, which involves activities linked with procuring materials and services. This process is essential for the success of the project as it contributes to cost control and scheduling..

[Audio] The Procurement Management Knowledge Area consists of four processes: Plan Procurement Management, Conduct Procurement, Control Procurement and Close Procurement. The table shows the name of each process and its respective process group..

[Audio] Procurement and contract planning for global health initiatives using Pfizer's innovations involve the development of procurement documents and criteria, planning for vendor selection, and solicitation planning. Post-procurement reviews are conducted to ensure proper execution once contracts are closed. These steps enable global health initiatives to reach further..

[Audio] Having a clear procurement management plan for a global health project is essential for its success. The table illustrates the different activities required and assigns a responsible person and start and end date for each process group. Adhering to this plan will make the execution of the project smoother and quicker, and ultimately lead to better results..

[Audio] Identifying and engaging stakeholders is essential when purchasing goods or services from vendors, contractors and suppliers. Strategies must be tailored to their needs in order to properly manage contracts. Project stakeholder management must prioritize stakeholder management throughout the project in order to properly manage the processes involved..

[Audio] The Stakeholder Management Knowledge Area of Pfizer's Innovations for Global Health project consists of four processes: Identify Stakeholders, Plan Stakeholder Management, Manage Stakeholder Engagement, and Control Stakeholder Monitoring and Control. It is essential to understand the scope and complexity of the project and how the stakeholders may interact with each other, what is in their interest, and how they can be managed in order to achieve a successful result that has a positive impact on global health..

[Audio] Key stakeholders, such as Pfizer and the project team, were first identified and their interests were taken into account. Subsequently, a stakeholder engagement plan was created to effectively manage and involve stakeholders. Lastly, communication and feedback were employed to manage the stakeholder engagement. Through following these steps, the team was able to successfully engage and manage stakeholders..

[Audio] Stakeholder management is an important part of project management, and Pfizer's approach is no different. They have identified both internal and external stakeholders in order to ensure the success of their projects. From understanding their needs and expectations, to providing clear lines of communication, Pfizer works to keep their stakeholders engaged and informed about the project..

[Audio] Naushik Ning Lee and Professor Jesus Lucio from MSIT 510: Information Technology Project Management have successfully completed the project undertaken with the purpose of leveraging the innovations of Pfizer's for global health. After months of hard work and dedication, all the required reporting, review, and gate closure tasks have been successfully done. Congratulation to Naushik, Professor Lucio and the rest of the team for their impressive and successful endeavour..

[Audio] It is clear that Pfizer is a well-known global company with an impressive record on global health. Evidence of this can be seen in a Crain's New York Business article from 2022, which showed that Pfizer is the third largest publicly held company in New York. Furthermore, the PMP Study Guide by Kim Heldman, released in 2016, focused on the mission-driven approach of Pfizer in global health. The Mayo Clinic also published a report on global health initiatives in 2023, which further spotlighted the work of Pfizer in this area. All sources are in agreement that Pfizer has made significant strides in the global health arena..

Thank you.