A risk is an uncertain event which can have a positive or a negative effect on a project’s final product. As a project manager or a team member of that project, one of the important things I will do is to manage the risk on a daily basis. I will first try to identify the risk, then I will analyze what the likely consequences of each risk and then…[Read more]

A risk to the product is something that every company faces, may it be a startup or a large established company. Risk management is something how the company or the firm tackles the risk.Risk Management is the process of identifying, analyzing and responding to risk factors throughout the life of a project and in the best interests of its…[Read more]

In my point of view each organization has pros and cons. but personally I feel that I am more comfortable working on a project based organization. Because in such type of organization, a person gets to work in various types of project which will help him/her to expand knowledge on various platforms. This helps the people in the team to share…[Read more]

A Project Proposal is a detailed description of a series of activities that deal with solving a certain problem. It’s nothing but just converting the project plan into a project document. The project proposal should provide a logical presentation of the research idea.It should also show that how this idea is significant than any other idea in…[Read more]

In my point of view, Science is a vast field and it is never too late to try new things. If we think that something has the capability to make a future in the market as a device, it should be done. It is always not a good option to prioritize any project. if the companies have funding and proper resources, I think they should try out all the…[Read more]

According to FDA’s regulation, a premarket notification must be submitted to FDA when there is

(a) A change or modification in the device that could significantly affect the safety or effectiveness of the device, e.g., a significant change or modification in design, material, chemical composition, energy source, or manufacturing…[Read more]

After reading few articles about the “digital drug”, I think that in one side, its one of the best invention whereas on another side there are some issues which had to be corrected before releasing it into the market. As in the comments above, it is mentioned that it is a concern that people may hack into someone’s personal records which is a…[Read more]

According to me, verification is about making something correctly whereas validation is about building a right product that sustains in the market for a longer period of time. The verification process is all about checking at regular interval if the designing/making of the product is being done properly or not with proper documentation of all the…[Read more]

Initiating a project idea is the hardest as well as the most crucial part of any project that needs to be done successfully. Because no one believes you until you have a full proof idea that will have a great impact on the market in near future. the most important part of any project is to get funding or investors which will be only successful if…[Read more]

Hello everyone,
I guess everyone in this thread has already talked a lot about the skills and the kind of team they require for their team. Still in my point of view, to have a perfect team, I will need people who will first plan out a strategy before the project starts then they come up with proper tactics that will help the team to solve them…[Read more]