Activity

  • About 6 years ago the company I work for was developing a next gen drug coated coronarystent. Due to competition, sales were falling from the companies first drug coated stent. The first stent used to be a major money maker for the company as it was the first of its kind to the market. The project to develop the next gen stent had many issues mostly centered around the design of the stent itself and stent retention issues onto the balloon. Due to these issues the project missed the completed DV milestone. To overcome this a special team of top engineers was created to solve this problem. Despite several tries and resource loading the project, the team was not able to come up with a solution for the stent retention and it failed completely. This led to the project being cancelled and the company cancelling the entire drug coated stent program along with layoffs of hundreds of employees. This is not an example of overcoming a missed milestone as much as an example of how project issues can escalate and affect many in a company.