I would agree that time is more valuable as at the end of the day, time is money. Though the short term gains of an accelerated timeline is completing the task earlier and saving money on resources, in the long…   Read more»

I think this is a great point that is brought up since technology has greatly impacted our ways of working. Like Dr. Simon mentioned, gantt charts have become more popular including Microsoft project that has made it more easy to…   Read more»

This is a very controversial topic. With spending time, we can earn more money, but with money we can’t buy time. However, money is needed for the completion of a project. I think a balance of both is needed in…   Read more»

I don’t think a stakeholder should be involved in the day-to-day activities of a project as their main concern is their money: how is it spent and how it will generate money. This might cause some misdirection as the stakeholders…   Read more»

Posted by: @mejefferson Stakeholders typically invest in projects that they see will have potential in bringing more money than they invest in. Outside of monitoring the finances throughout the project, do you think stakeholders should be involved with the project…   Read more»

Posted by: @rajamharrison Imagine you are the lead of a project, and you notice that your team is on track to be over budget and the project is only 65% finished.  Is there a way to to finish this project…   Read more»

A crucial part of project planning would be the budget allowed for the team. The budget will never be perfectly accurate as there can be some overestimates and underestimates, but you always want to try to shoot to be under…   Read more»

I believe at this point in time i would like to be apart of a larger company, where there is a set standard and i could learn from to learn a fundamental role such as risk management or understand how…   Read more»

the pro of involving everyone in the risk project management plan is that all minds incorporated are able to put in input/different perspectives of risk. the cons of using group members is they may have a specific influence on their…   Read more»

The communications management portion of a DDP is the most significant because of how it outlines communication amongst everyone in the project as well as “higher up’s”. This structure assists in how to  spread around information, who to properly send…   Read more»

Beyond funding the only acceptable intervention form a stakeholder would be the input regarding aesthetic design and marketing. It is not a good idea to have stakeholders give design input in a project that they have very little technical background…   Read more»

If I were a team manager I would include a safety net of a few days to a week when I plan the project schedule. I would try to delegate the member’s responsibilities to the rest of the team for…   Read more»

As Dr. Simon mentioned, most of the time, the risk management team is often the same people from the project management team with the project manager to lead. In my opinion, the only con to having the project management team…   Read more»

I believe the development phase is the most important. By this time most of the groundwork for the project is complete. The planning and design phases are complete, and major project deliverables are beginning. The project team begins to finalize…   Read more»

As many others have suggested, it is a good start to look at similar products. Even if a true predicate device does not exist, risk strategies can be adopted from other products. The risk analysis process should also be standardized…   Read more»

The pros of separating the risk management team from the project management team is that the risk assessment can be done by a party that was not directly involved in the development of the product. This can help provide a…   Read more»

To find out the procedures, guidelines, and information that already exists within an organization, you would go for the Organizational Process Assets. The role of the Organizational Process Assets is to implement policies and procedures that already exist with the…   Read more»

There would have to be something fundamentally wrong with the project in order to go back to a previous phase. The design review process is set up to guide the project forward. Certain requirements must be met to move on…   Read more»

I feel as though going back to a previous phase is not counterproductive as long as the issue(s) are resolved, or a better proposition is put forth. It could cost financially, however for the progression of the project and to…   Read more»