Critical Path Analysis and Risk Management of Extract Product for Panduretin A and Pinostrobin Product Development Project of Thailand Center of Excellence for Life Sciences (Public Organization)

Authors

  • Chanaphon Saengruengrong Department of Manufacturing and Service Industry Management, King Mongkut’s University of Technology North Bangkok, Bangkok, Thailand.
  • Supakorn Charoenprasit Department of Manufacturing and Service Industry Management, King Mongkut’s University of Technology North Bangkok, Bangkok, Thailand.
  • Choosana Tiantong Department of Manufacturing and Service Industry Management, King Mongkut’s University of Technology North Bangkok, Bangkok, Thailand.

Keywords:

Project Management, Risk Assessment, Critical Path

Abstract

The objectives of this study are 1) to analyze the critical path of the product development project and 2) Analyze and study risk management guidelines for product development project. by studying the details of the project according to the request for an extension of the project implementation period causing delays in the implementation of the project from reviewing the project management of the researchers or the person in charge of the project and planning the implementation. It was found that there were uncontrollable external factors causing the project to be unable to complete as planned. to help analyze the critical path of the project with CPM (Critical Path Method) techniques. The analysis results showed that the project had 11 critical activities out of 13 total activities due to 2 reasons: There is no emergency management plan. and no plan to support risks Methods for troubleshooting in order to control the cause include: Forms for risk reporting and project monitoring should be provided to facilitate the project committee members to be able to use them to control and monitor the performance according to the set schedule.

References

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Published

2024-08-29

How to Cite

Saengruengrong, C., Charoenprasit, S., & Tiantong, C. (2024). Critical Path Analysis and Risk Management of Extract Product for Panduretin A and Pinostrobin Product Development Project of Thailand Center of Excellence for Life Sciences (Public Organization). Journal of Business and Industrial Development, 4(2), 1–17. retrieved from https://so15.tci-thaijo.org/index.php/Journalbid/article/view/1115

Issue

Section

Research Article