Project Management Philosophy for Inventory Control System

Summary of the project

•       Inventory control system-Department of labor, Sri Lanka

•       As we are going to improve a system of the Inventory control system, we choose the most important function for our processing system, so we will be picking up the following system, which will be helpful to improve the efficiency of our processing system.

Ø  Purchasing Order

Ø  Delivering Goods

Ø  Payments

•       The objectives of the study are,

–      To analyze the existing manual system and find out it’s inefficiencies

–      To decrease the work load of employees by reducing manual work

–      To provide better service for users

Project Break Down Structure 

Responsibility Matrix (RM)

Estimating Project

•       Project planning requires good project estimating to produce an achievable project schedule and a greater chance of on-time delivery. An essential skill to good project management is accurate time estimation. 

•       There are two key reasons why it is importance to get time estimates correct: 

Ø  Time estimates drive the setting of deadlines for project delivery, and therefore the project and its management's reliability

Ø  Correct estimations will often determine the pricing of contracts and therefore their profitability

 Activity Diagram

Success criteria of the project

•       Proper planning

•       Better communication

•       Clear Responsibility and Accountability of Team Members

•       Clear Statement of Requirements

•       Schedule Control

•       Minimized the work duplication

Risk Management

•       Project risk involves understanding potential problems that might occur on the project and how they might impede project success.

•       In IT field project got common sources of risk.

•        Risk management provides better control for the future progress of the project.

Scoring Sheet

Risk Response Matrix