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aij5 replied to the topic Determining project priority in the forum Introduction to Project Management 7 years, 2 months ago
I think an important factor that should be taken into account is the consumer need and patient market when determining the priority for the projects. A project that does not receive the funding most likely is receiving less interest or a positive response. I also work at medical device and one of the product lines was placed on hold due to a compliance gap. I was placed on the project to remediate the gap and essentially fix the issue. I was the only individual placed on the project and was asked to complete a whole validation from start to end in a short time frame. However due to the limited resources I was not able to do so in the time that was asked and requested additional help. I was not given any and was told by a few managers that since this was such a slow moving product that I would have to complete the task on my own here. Overall, what I learned is that consumer need will ultimately drive everything within the company, if the project does not generate as much revenue as initially expected, upper management will become less and less involved and shift focus to other higher priority tasks. I do believe that those lower priority projects should be placed on hold or removed because if it is seen that the market does not require it or need it then why invest the resources or money to complete the project. Profit will be the bottom line for the business at the end of the day.