A good motivator for me is fair pay, which resembles the responsibilities you need to take care of in the company. The more responsibilities you are in charge of, the more money they need to pay you. Also, personal and…   Read more»

If I were given a  choice between a management role vs an engineering/tech/scientist role, I would choose the management role. I believe that my skills are more aligned with management roles because I have good communication and organizational skills. This…   Read more»

One important skill that I learned in this class is teamwork and thorough planning. While working on the simulations in this class, I learned that it is important to communicate effectively so everyone can be on the same page. It…   Read more»

Financial compensation is an important factor for employees because it provides a means to meet their needs and allows them to feel financially secure. However, there are many other factors that potential employees may take into account before accepting a…   Read more»

Outsourcing vs insourcing for clinical trials should be based on the company’s internal capabilities to perform a clinical trial. If the company itself have the time and resources to perform a clinical trials then by all means this should be…   Read more»

As mentioned by a few here and also discussed in the lecture, money is not an actual motivator but a demotivators. Most people want “fair” pay, not more pay than their fellow employees. If people feel compensated fairly they will…   Read more»

As discussed in this weeks lecture, motivation and how motivated employees are will determine how happy/content they are at their current job. With retention, a company will retain more of its employees if the employees themselves have self motivation to…   Read more»

Hello, The decision to run a clinical trial in-house or outsource it to a Clinical Research Organization (CRO) should be based on a careful consideration of several factors. One factor to consider is the company’s internal capabilities. Does the company…   Read more»

Hello, Yes, there are many benefits to retaining talented employees. For one, retaining employees can save a company significant amounts of money and resources that would otherwise be spent on recruiting, hiring, and training new employees. Additionally, experienced employees who…   Read more»

Hello, As mentioned before, when a project reaches the clinical trial stage, any changes requested through a DCR (Document Change Request) process are typically subject to much more stringent scrutiny than during the design process. This is because any changes…   Read more»

I agree with @hmara sentiment regarding how money can only take you so far. As mentioned in the lecture as well that earning money is simply a short-term goal in the grand scheme of life. Money is simply a tool…   Read more»

Smaller companies bear the burden of not having connections to resources and services that larger companies may have access to due to their prominent reputation in the industry. In this case it is crucial that the smaller companies have a…   Read more»

I agree with everything that @sah67 mentioned about how it is imperative for the PM to have a cohesive understanding of the project, its expectations, its desired outcomes, its limitations etc. I appreciate how you mentioned large tasks such as…   Read more»

Clinical trial time and cost planning comprise various important techniques, such as: Protocol creation: The creation of a thorough research protocol is the first stage in creating a clinical trial. This includes describing the study’s endpoints, treatment plans, participant inclusion,…   Read more»

Whether the project was successful or not, there will always be pain-points that can be learned throughout the lifespan of the project. To mitigate these issues in the future, any deliverables or deadlines that are not met during a project…   Read more»

These results are not surprising because of the way corporations work. Many people are motivated by challenging work that has good career growth prospects and great pay because that’s what people need to live comfortably in our society. Fair pay,…   Read more»

I feel that this course & Dr. Simon’s other course should be taught in undergraduate BME curricula. A lot of this information would be gold to those looking to enter industry. The most important item I’d take away from this…   Read more»

I would pick ‘Good’ and ‘Cheap.’ Of the three options offered, the two that are picked, or are necessary, are dependent on the industry and the type/size of project. Different projects have different needs and different timelines. In the medical…   Read more»

As much as we value the salaries that our higher education affords us; it does come with the caveat mentioned in this week’s lecture. Money is a short-term goal. Once the pay check hits, what else is there to strive…   Read more»

Internal risks are faced by a company from within its organization and arise during the normal operations of the company. These risks can be forecasted with some reliability, and therefore, a company has a good chance of reducing internal business risk. External…   Read more»