Name : Hassan Burhan Mustafa
Sap id : 70132009
TOPIC: SOFTWARE SYSTEM
SUBJECT: SOFTWARE REQUIREMENT ENGINEERING
ASSIGNMENT NO : 1
Tasks
1- Write the Business opportunity for the software system
2-Write Business Objectives with success metrics for the software system
I'm creating a Pharmacy Management System, a software for simplifying
pharmacy operations. It will help with tasks like tracking inventory,
managing prescriptions, and improving overall efficiency in pharmacies.
TASK:1 Write down the bussiness opportunity system for pharmacy
management system ?
A business opportunity system for a pharmacy management system involves
several key components:
1. Market Analysis: Understand the pharmacy industry, including its size, growth
trends, and potential niches. Identify the specific needs and challenges faced by
pharmacies.
2. Competitive Landscape: Analyze existing pharmacy management systems and
their features. Identify gaps and opportunities for improvement.
3. Target Audience: Define the target customer segments, such as independent
pharmacies, hospital pharmacies, or retail chains.
4. Product Development: Create a comprehensive pharmacy management system
that includes features like prescription management, inventory control, billing,
and reporting.
5. Compliance and Security: Ensure the system complies with healthcare
regulations (e.g., HIPAA) and offers robust security to protect sensitive patient
data.
6. User-Friendly Interface: Develop an intuitive and user-friendly interface for
pharmacists and staff.
7. Integration: Plan for integration with other healthcare systems, like Electronic
Health Records (EHR) and e-prescribing platforms.
8. Data Analytics: Implement data analytics tools to help pharmacies make
informed decisions and optimize operations.
9. Support and Training: Offer customer support and training services to assist
pharmacies in using the system effectively.
10. Revenue Model: Decide on the pricing model, such as subscription-based, per-
user, or pertransaction fees.
11. Marketing and Sales: Create marketing strategies to reach potential clients,
including online advertising, industry conferences, and partnerships with
pharmacy associations.
12. Scale and Growth: Plan for scalability to accommodate a growing customer
base and expansion into new markets.
13. Feedback Mechanism: Establish a feedback loop for continuous improvement
based on customer input.
14. Regulatory Compliance: Stay updated on changing regulations and ensure the
system adapts to new requirements.
15. Quality Assurance: implement quality control measures to maintain a reliable
and efficient system.
16. Risk Assessment: identify potential risks and establish contingency plans to
mitigate them.
17. **Financial Projections: Develop financial projections, including revenue
forecasts, expenses, and expected ROI.
18. Investment Strategy:* Determine whether you'll seek investment from venture
capitalists, angel investors, or bootstrap the business.
19. Legal Framework: Address legal aspects, including contracts, terms of service,
and intellectual property protection.
20. Exit Strategy: Define an exit strategy, whether it's through acquisition, merger,
or going public.
This business opportunity system provides a structured approach to creating and
managing a pharmacy management system, ensuring it meets the needs of the
industry while being sustainable and profitable.
TASK:2 Write Business Objectives with Success Metrics for the
pharmacy management software?
Here are some sample business objectives with corresponding success metrics for
a pharmacy management software:
1. Increase Efficiency and Productivity:
- Success Metric: Reduce prescription processing time by 20% within the first six
months.
2. Improve Inventory Management:
- Success Metric: Maintain a minimum of 95% accuracy in inventory levels
through regular reconciliation.
3. Enhance Customer Service:
- Success Metric: Achieve a customer satisfaction rating of 4.5 out of 5 based on
post-service surveys.
4. Ensure Regulatory Compliance:
- Success Metric: Achieve a 100% compliance rate with all state and federal
pharmacy regulations.
5. Facilitate Reporting and Analytics:
- Success Metric: Provide a suite of standard reports, with the ability to generate
custom reports, resulting in a 30% increase in data-driven decision-making.
6. Optimize Financial Management:
-Success Metric: Reduce billing errors by 25% leading to a 10% increase in
revenue within the first year.
7. Enhance Security and Data Privacy:
- Success Metric: Maintain a zero-record of security breaches or data leaks over a
12-month period.
8. Expand Service Offerings:
- Success Metric: Integrate with at least three new service providers or
platforms, expanding the range of services offered to customers.
9. Increase Adoption and Training:
- Success Metric: Achieve a 90% adoption rate of new features within three
months of their release, with 100% of staff completing required training.
10. Drive Cost Savings:
- Success Metric: Realize a minimum of 15% reduction in operational costs
related to pharmacy management processes within two years.
