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sn64 replied to the topic "Scope, Time, and Cost control" – 1 week, 5 days ago
Effective project management requires balancing scope, time, and cost while remaining flexible to unforeseen challenges. Another of the biggest threats to project success is scope creep, where uncontrolled changes expand project deliverables beyond the original plan. To mitigate this, project… Read more»
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ms3548 replied to the topic "Scope Management and the Role of the WBS in Project Clarity" – 1 week, 5 days ago
To ensure the Work Breakdown Structure (WBS) is detailed yet manageable, project managers should focus on striking a balance between granularity and simplicity. Start by defining clear, high-level deliverables and progressively break them down into smaller tasks, ensuring each task… Read more»
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ms3548 replied to the topic "Critical Path, PERT, and Managing Time Under Uncertainty" – 1 week, 5 days ago
Project managers can effectively communicate the trade-offs between time compression methods like crashing or fast tracking and the associated risks to quality or cost by using data-driven visual aids and clear, concise language. For instance, presenting a side-by-side comparison of… Read more»
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ms3548 replied to the topic "Cost Estimating – Choosing Between Speed and Accuracy" – 1 week, 5 days ago
When deciding between speed and accuracy in cost estimating, project teams should consider the project’s phase, and the level of uncertainty involved. In the early stages, analogous estimating can provide quick, broad estimates to secure initial funding and set expectations…. Read more»
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ag2479 posted a new topic "Cost Estimating – Choosing Between Speed and Accuracy" – 1 week, 5 days ago
In cost management, one of the most important decisions is choosing the right estimating method: analogous (top-down) or bottom-up. Each has trade-offs between speed, accuracy, and level of detail. Analogous estimating uses data from previous projects to estimate costs quickly…. Read more»
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ag2479 posted a new topic "Critical Path, PERT, and Managing Time Under Uncertainty" – 1 week, 5 days ago
Time Management is about developing a schedule that reflects real-world complexities and uncertainty. Tools such as the Critical Path Method (CPM) and Program Evaluation and Review Technique (PERT) provide project managers with structured yet flexible approaches to scheduling and planning…. Read more»
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ag2479 posted a new topic "Scope Management and the Role of the WBS in Project Clarity" – 1 week, 5 days ago
One of the important components of project management in medical device development is Project Scope Management, and at the heart of this lies the Work Breakdown Structure (WBS). The WBS is more than just a list of tasks; it’s the… Read more»
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sarahqudah1 replied to the topic "Which factors should be followed while deciding number of alternative vendors ?" – 1 week, 5 days ago
Diversifying the alternative vendors for a medical device increases supply chain management complexity which in turn increases oversight costs. If the number of alternative vendors is too small, it also increases a company’s risk of supply chain disruptions. Careful alleviation… Read more»
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sarahqudah1 replied to the topic "Team Development at a Low Budget" – 1 week, 5 days ago
Balancing resource allocation with team building and training is quite a difficulty some companies specializing in medical devices face, especially when there is an existing financial constraint. These companies usually focus their spending on the more crucial areas of R&D,… Read more»
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sarahqudah1 replied to the topic "Necessity of Quality Management" – 1 week, 5 days ago
Quality Management is not simply a legal box to check; it is integral to the thoughtful design and development of a medical device. It protects patients by ensuring that products are safe, effective, and consistently align with the design and… Read more»
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Mirna Cheikhali replied to the topic "Making Design Reviews Work in Medical Devices" – 1 week, 6 days ago
Design review meetings play a big role in keeping projects on track, especially in the medical device space where documentation and compliance are so important. Even though I haven’t been directly involved in one yet, I’ve learned that solid preparation… Read more»
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Mirna Cheikhali replied to the topic "Challenges of Using SV and CV in Medical Device Project Management" – 1 week, 6 days ago
You make a great point about how important those early estimates are when it comes to using SV and CV effectively. I haven’t used these metrics myself yet, but it makes sense that if the original plan is off, like… Read more»
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PJL27 replied to the topic "Penalization for Going Over Budget and Time?" – 1 week, 6 days ago
I agree with the previous posts that sometimes project delays and exceeding the budget is not always expected or at the fault of any team member. Rather, I would prefer delays and going over the budget over poor quality and… Read more»
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os97 replied to the topic "Project managers' charactristic" – 1 week, 6 days ago
When it comes to project management, communication skills are a must. This helps the project manager facilitate collaboration, prevent conflicts, define goals & expectations, and allows for decision-making in the project to occur. Communication within a project is what allows… Read more»
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Mirna Cheikhali replied to the topic "The Impact of Earned Value Management (EVM) on Project Budgeting" – 1 week, 6 days ago
I haven’t had any hands-on experience with EVM yet, but from what I’ve learned, it’s a valuable project management approach. One of EVM’s biggest strengths is how it combines scope, cost, and schedule into one system, making it easier to… Read more»
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mrm62 replied to the topic "Why Capturing Lessons Learned Matters" – 1 week, 6 days ago
Lessons learned can also be used to include things discovered during experimentation that can be improved or modified to achieve better or different results. These can lead way to interesting ideas that can be a whole project to study itself…. Read more»
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PJL27 replied to the topic "Lessons from Medtronic’s 2015 Consent Decree – Why Robust Change Control is Critical" – 1 week, 6 days ago
These cases highlight the importance of keeping up-to-date with newer regulations. As more research is done, certain things are found to be harmful or dangerous. The FDA is always updating their policies. Additionally, many small changes to a device after… Read more»
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pz98 replied to the topic "The Impact of Earned Value Management (EVM) on Project Budgeting" – 1 week, 6 days ago
As you mentioned, EVM is a good tool for identifying if a project is behind schedule by using EV and PV. One additional benefit of EVM is its ability to detect scope creep before it happens. Projects that have requirements… Read more»
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PJL27 replied to the topic "Why Capturing Lessons Learned Matters" – 1 week, 6 days ago
I think this is a great point. For bigger projects that have a larger impact or cover something new (new line of medical devices for the company or international product), it is very important to document risks and lessons learned… Read more»
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os97 replied to the topic "Unexpected Time Delays – miniSim" – 1 week, 6 days ago
Budgets can be high with animal experiments. This has to do with how time and labor intensive the studies are, resources needed for animal care, long-term nature of the studies (if applicable), material and equipment costs, and compliance with regulations…. Read more»
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