Industry projects are faster and tend to have higher rates of success due to large capital available for research and the quality level of experience team of engineers and scientists put together to work on the product. Also, not to forget high pressure from stakeholders who can’t wait to reap financial gains and competitor who are likely in a process of similar project increases need for success of the project.

I’ve worked in a research and development facility, developing a medical device takes a long process. A project usually take 5-10 years or longer before completion and that is if there is no delay or failure of design and starting over. Time is never enough, that is why there is something called failure analysis. It helps determine the numbers of fixes and new problem found. With this technique, product could be launched to market with very low failures, aware to the company while research continues on resolving them.

Another thing about industry research is that the following factors are put in place during the life time of the project: Product requirement definition and achieving stability of requirements, thorough risk analysis, including FEMA and PFEMA, regulatory requirements and constraints, effective engineering processes and expertise, establishing testing and performance documentation needed and a well thought out transition to production plan. These steps help in accomplishing successful end product.