Part 4mia
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AcelRx Pharmaceuticals Inc Company
Project Plan Proposal
AcelRx Pharmaceuticals Inc Company Project Plan Proposal Comment by Carol: The title should mirror that shown on the cover page. The title is not to be in bold per APA guidelines.
Thomas A. Schreck and Pamela P. Palmer founded AcelRX Pharmaceuticals Inc on July 2005. It is a specialty pharmaceutical company that participates in promoting and marketing inventive solutions for the treatment of mild to excruciating pain (“Innovative Therapies for Acute Pain,”2017). It is headquarter is located in Redwood City California. It is product is mainly comprised of DSUVIA and ZALVISO (Johnson, 2017). All the drugs manufactured in this company, are approved for sale and regulated by the food and drug administration and therefore, they can be distributed to clinics, retailers and hospitals. However, DSUVIA is yet to be approved till on 12th October 2017 (House, 2017). Comment by Carol: When using double-spacing, all paragraphs are to begin with a five-space indent. Comment by Carol: An introductory paragraph should be used to introduce the reader to the task/scenario. What do you intend to present in the paragraphs that follow?
The Purpose of the Organization Comment by Carol: All key topics are to be identified using a level one heading. A level one heading is to be centered, use upper- and lower-case letters, and appear in bold. APA guidelines apply. Comment by Carol: You do not need to repeat information from Week 1. Each assignment should stand on its own merits and address the key topics as revealed in the instructions and grading rubric.
The existence of this company is to provide solutions to patients with arthritis, muscle injuries, pain after surgery and other serious injuries that may be a source of discomfort to the body. The company aims to set up a commercial website to link easily with retailers, stakeholders, the staff and the public and distribute their products at an affordable rate. The website will enhance transparency on the sales made.
Why Company is of Interest
I’m an expert in software development and medical practitioner and since the main objective of the proposed project is to develop software that will facilitate commercializing of innovative treatment methods that relief severe pain, then desire to solve that problem, attracted my interest.
Comment by Carol: Double-spacing is to be used throughout. Additional blank lines beyond this amount are not needed.
Description and Project Relationship to the Organization’s Business Objectives
This project will create ease of mobility such that the patient drugs will be delivered to the patients’ comfort of their homes. Reliable services and quality drugs are assured straight from the company to the retailers through personnel that are vetted by the board. The objective of the company is to develop software that will facilitate commercializing of innovative treatment methods that relief severe pain. Today, there is a rising need to make-work easier by applying these developments owing to the advancements involving modern technology around the world. The software, whose performance is regulated, monitored and evaluated by the organization itself, serves as an online drugstore. This will help to enhance transparency with stakeholders. The general as administrators supervises every transaction made between the organizations. Comment by Carol: What project? I do not believe you have an approved project topic at this point. I believe I inquired as to if you were doing software development. If so, that is not going to create ease of mobility. A topic was to be approved prior to completing the Week 2 assignment. Comment by Carol: Huh?
The webpage will have a database where records of what has been sold from the warehouse and the current stock can be traced easily. The retailers’ database will comprise the drugs in stock at the warehouse and the delivery status of the drug they desire to buy. Their account will be set up by the organization after validation of legal documents is done. Purchases will made at a wholesale price from the company. The consumer will sets up his or her profile, and after verification, he or she will gain an access to the database. The consumer has to follow a protocol such as identity verification for their requirements to be processed to their specifications. This is to prevent drug users from exploiting the drugs for harmful purposes.
Project Scope Comment by Carol: When identifying the scope, you also need to consider cost and schedule parameters. Perhaps you want to do XXX with a schedule of XXX at a cost not to exceed XXX.
The main purpose of AcelRelieverXP is to make easier of purchasing the prescribed pain medication for consumers and retailers, with confidence of receiving effective and quality medication, without overexploitation, and fraud. Comment by Carol: You are to focus on a specific project as opposed to an organization. What might you do for this organization?
Project Requirements Comment by Carol: I am truly not clear on what you intend to focus on as a project. I would encourage you to review the private messages we exchanged along with the feedback from Week 1.
The project requires the producer and the retailers who are approved by the FDA and possess equivalent licenses that are present in the software database. It is clear that, all retailers must have a Board of Pharmacy license and a certificate of completion from a recognized medical institution.
Deliverables
This project will require market strategies that are improved, will also require to focus on improved transparency, accredited recognition, consumer satisfaction, should ensure there is reduced or no delays, improved strategies to increase the market demand and increased participation of shareholders. Project will also require the affected parties such as shareholders, hospitals, clinics, the board of directors the FDA, the pharmacists and the general public.
Activities of the Project Comment by Carol: I would encourage you to review APA guidelines.
The project will start by setting up of the database in the organization and training of staff on how to use the database. After training the staff on how to use the database, there will be an identification of qualified retailers and appropriate training on how to use the retailers’ database. The second step will be the launch of the retailers’ database. The next step is to monitor the success of the launch to see whether retailers and the warehouses are easily adapting to the system to adopt it. The identified staff will need to correct any glitches that may occur in order to prepare them to the next move, which will be a control test between the retailers and a selected population from the public. A control test is to confirm if the retailer-consumer system is functional. The final step, is the launching of the system to the general public so that they can access the database and begin making their orders
Schedule for project proposal
The project is expected to take duration of 18 months where the first 12 months would be used to put the system into effect between the company and the retailer. The remaining six months would be the duration used for the scheduled control test. After the period has elapsed, the organization now has the mandate to launch the program to the general public. Comment by Carol: You are not to justify the margins on both the right and left sides.
Breakdown Structure/ Organization Data Comment by Carol: A work breakdown structure should be used as the basis for creating the schedule.
In mid-June, AcelRelieverXP stock was trading in the mid of two range of U.S dollars, closing as low as $2.05, thus being highly undervalued (Orelli, 2017). After analysis the company's drug pipeline and the products offered were on a potentially high demand, outweighing the downside. The stock shares are expected to rise to over $10 U.S dollar, which amounts to 300% profit for shareholders.
Implementing of Hiring Process Comment by Carol: Are you wanting to develop and implement a new hiring process for the organization as your project?
The process of hiring will start after setting up the database in an organization so that after setting up, the training of the staff start will follow to know how to use the database. The qualified retailer will be identified and suitable training on how to use retailers’ database will be provided. Once the retailers’ database is launched, the retailer will have to monitor the progress of the launched database to acclimatize him or herself with the operations of a system as well as correcting any glitches that may rise. Once the retailer has adopted the system, there will be a control test between the retailer and selected population from the public to check if retailer-consumer system is functional.
Rolling Out a New Product or Service
The company may opt to diagnose and treat conditions of all ages. We realize that there are many other factors that can affect health such as diet, environment, exercise and heredity. Therefore, rolling out a new product and services that can help to provide the most comprehensive Medicare, we can manage to optimize the care and well being of the patient. Beside of a webpage, we can still have a combination of media advertising, networking and promotional events. Marketing and sales can be aggressively be done through creating our presence in the community and giving high school talk, doing volunteer work and much more. Comment by Carol: Writing in the first person is discouraged. Writing in the third person is preferred.
Labor Requirement
Everything will be done digitally meaning the number of workers will increase in the company. The software is only available in the United States of America so there will be no problem in development of software system
APPROVAL AND AUTHORITY TO PROCEED
We approve the project as described above, and authorize the team to proceed.
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Name |
Title |
Date |
|
Thomas A. Schreck |
Chief executive officer |
12th October 2017 |
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Dr. Nathan Detroit |
Project manager |
12th 0ctober 2017 |
|
Stephen Park |
FAD Director |
12th October 2017 |
Approved By: Thomas Approved By: Nathan
Date: 12th October 2017 Date: 12th October
The existence of AcelRX Pharmaceuticals Inc Company is to provide solutions to patients with arthritis, muscle injuries, pain after surgery and other serious injuries that may be a source of discomfort to the body. This project will create ease of mobility such that patient drugs will be delivered at their comfort of their homes. The main purpose of AcelRelieverXP is to make easier of purchasing the prescribed pain medication for consumers and retailers without fear of medication error, fraud and overexploitation. Comment by Carol: A conclusion paragraph should be used to summarize the information presented.
References Comment by Carol: Was our assigned reading of any value?
House, D. (2017). FDA action date tomorrow for AcelRX Pharma's pain med Dsuvia; shares up 1%. Retrieved 17th October 2017, from https://seekingalpha.com/news/3300459-fda-action-date-tomorrow-acelrx-pharmas-pain-med-dsuvia-shares-1-percent Comment by Carol: The title of an article should not appear in italics. Comment by Carol: Retrieval dates are not to be included as a part of the reference.
Innovative Therapies for Acute Pain. (2017). Aclerx.com. Retrieved 17th October 2017, from http://www.acelrx.com/pipeline/index.php Comment by Carol: Modifications are needed to bring this into accordance with APA guidelines.
Johnson, D. (2017). AcelRx Remains An Attractive Buy After Strong Run. Retrieved October 17th, 2017, from https://seekingalpha.com/article/4112682-acelrx-remains-attractive-buy-strong-run
Orelli, B. (2017). Why AcelRx Pharmaceuticals Inc Jumped Higher Today. The Motley Fool. Retrieved 17th October 2017, from https://www.fool.com/investing/2017/10/02/why-acelrx-pharmaceuticals-inc-jumped-higher-today.aspx
Grading Guide
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Content 60 Percent |
Points Available 6 |
Points Earned X/6 |
Additional Comments: |
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1. All key elements of the assignment are covered in a substantive way. 0. Describes methodology used to manage the project 0. Justifies the creation of project scope by providing resources found 0. Outlines proposed project phases 0. Scope is clear and includes the following: · Requirements for the project · Definition of project activities 0. Schedule has been planned out appropriately and includes the following: · Primary activity duration estimate · Sequences the primary activities · Work Breakdown Structure has been developed and tasks are defined · Human resource requirements · Other resources required for the project
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6 |
4.25 |
Honestly, I have no idea what you perceive to be your project at this point. You were to have a project topic approved prior to working on the Week 2 assignment. I would encourage you to review our private messages exchanges as well as the feedback I provided in Week 1. This submission was all over the place with multiple suggestions being identified for potential projects. You will need to focus on a single project for all individual assignments moving forward. To get an approval, please see my feedback and address the necessary questions.
I would encourage you to review this week’s reading as well. I believe the Lewis method may help you to better understand the phases that may be involved.
When addressing the scope, this entails more than simply what you hope to accomplish. You need to include cost and schedule parameters as well.
In creating a MS Project file, you need to focus on an approved project. Without an approval in place, this is going to be difficult to create. The WBS is going to serve as the foundation that you need to build the schedule. Then, this is going to be helpful when you go to look at costs later in the term. I believe you could provide more information in your schedule specific to your project. We need to be able to see how any slip in one activity can impact the rest of the schedule. You need to ensure the information rolls up correctly. What are the relationships between all tasks? What tasks are to be done concurrently? Which could be done sequentially? Who is completing each task? All of this and more should be clear in a well organized schedule.
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Organization / Development 20 Percent |
Points Available 2 |
Points Earned X/2 |
Additional Comments: |
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1. Paragraph transitions are present, logical, and maintain the flow throughout the paper. 1. The tone is appropriate to the content and assignment. 1. Sentences are complete, clear, and concise. 1. Sentences are well constructed, strong, and varied. 1. Sentence transitions are present and maintain the flow of thought. |
2 |
1.75 |
This document could use a bit of improvement relative to organization. In the future, an introductory paragraph should be used to introduce the reader to the task/scenario. What do you intend to present in the paragraphs that follow? The rubric I post each week should help you to identify the pertinent areas to be addressed with headings as well. I would encourage you to use a conclusion paragraph to summarize the information presented. After all, you wouldn’t want to leave the reader “hanging” or wondering if there might be more. |
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Mechanics 20 Percent |
Points Available 2 |
Points Earned X/2 |
Additional Comments: |
|
1. The paper—including tables and graphs, headings, title page, and reference page—is consistent with APA formatting guidelines and meets course-level requirements. 1. Intellectual property is recognized with in-text citations and a reference page. 1. Rules of grammar, usage, and punctuation are followed. 1. Spelling is correct. |
2 |
1.5 |
You may want to review APA guidelines relative to references, headings, and general format/spacing. With all submissions being required in this format, understanding the requirements is crucial. |
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Total Available |
Total Earned |
|
|
|
10 |
7.5 |
I would encourage you to review the comments I have included within the body of your document. I believe this is going to provide you with additional insight and help to clarify your focus in the coming weeks. If this were an actual project and you had no background on it, would you be comfortable in assuming this responsibility with the information given? Would you not want even more? You can do this! |