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Anthony replied to the topic Funding in Medical Devices Industry in the forum Introduction to Project Management 6 years, 2 months ago
As someone who has never worked in industry, I’m curious to know what happens when a project does get scrapped. I’m sure the repercussions would be determined by the size of the company, but if a project loses funding or gets derailed for some reason what happens to the employees who were working on that project? I’m sure for larger companies the project team can be reassigned to other projects, but what about smaller companies? Does anyone have experience with being on the team of a project that has been canceled or has lost funding? Is job security something that is a constant worry when working in the project based medical device industry?