While there is no one-size-fits-all answer to whether companies should prioritize cost savings over supplier diversity in their procurement strategies, Ultimately, the decision will depend on the company’s goals, values, and priorities.Choosing to prioritize cost savings can be an effective…   Read more»

[quote data-userid=”12410″ data-postid=”474″] Say that someone on your project team changes positions to a different job so that you no longer have said person to perform a critical task for the project. His or her assigned task not being done…   Read more»

[quote data-userid=”17980″ data-postid=”14859″] I think it’s best to have as many backup options for when worse comes to worst similar to the sim from last week where an unplanned cytotoxicity problem got in the way of business. We had to…   Read more»

Getting feedback from your team is an important part of improving as a project manager. With change orders, a PM can understand the impact of changes on the project scope, schedule, and budget. Additionally, the PM may be able to…   Read more»

One common challenge project managers face is managing scope creep. I find this occurs especially when a…   Read more»

When it comes to having a successful project, I believe the stakeholders play a fairly large role. Stakeholders obviously have a vested interest in making sure the project is successful, either because they will be directly affected by it or…   Read more»

Having to restart a project from the beginning is a worst case scenario for any PM, especially when it comes at the cost of missing a deadline. To avoid having to do this, a PM can employ some of the…   Read more»

As many have expressed before, this would depend on the specific needs of the project and the roles that need to be filled. In some cases, it may be more beneficial to hire employees with specialized skills because they can…   Read more»

According to my knowledge, the benefits of ECO include improved product quality, reduced costs, and increased efficiency. The stages…   Read more»

While risk can never truly be eliminated with certain projects, minimizing the risks…   Read more»

[quote data-userid=”18917″ data-postid=”14286″] While planning a project is one of the first phases, it’s extremely important. Poor planning can mean execution can go all wrong and put severe delays on the timeline, even resulting in cancellation. Do you have any…   Read more»

As some have mentioned before, the answer to this question depends on the nature of the project and the environment in which it is being executed. In some cases, a rigid plan may be necessary to ensure that all tasks…   Read more»

This is a very interesting question; on the one hand, giving the PM too much say in the project plan can lead to bias and misdirection, and on the other hand, leaving PMs with no say in the process of…   Read more»

The impact of changes to the project plan should be assessed by analyzing the potential risks and benefits of the proposed changes and communicating them to stakeholders through clear and concise documentation, such as change requests or impact analysis reports;…   Read more»

While monitoring is important to ensure that the project stays on track, too much monitoring can be counterproductive and lead to micromanagement. Depending on the scale of the project, I think check-ins should be at least twice a week, at…   Read more»

[quote data-userid=”366″ data-postid=”151″] As a PM, quality assurance is a huge responsibility. What are some tasks that you would need to perform to obtain accurate assessment of quality assurance of your project? Once you have the results, how would you…   Read more»

[quote data-userid=”21147″ data-postid=”17321″] Since we’re are about halfway through the semester I was wondering what part of a project may you find the most difficult? Personally I feel that budgeting and providing positive clinical studies may be the most difficult….   Read more»

One challenge project managers face when handling a project is managing scope creep, which is the tendency…   Read more»

Dealing with project failure is…   Read more»

[quote data-userid=”18898″ data-postid=”13670″] Working in different sized teams has advantages and drawbacks to each. When working on a project do you prefer to have a small or large team? Within teams, people can have different backgrounds and areas of expertise…   Read more»