Advantages of written agreement:
The main advantage to the drawing up of contracts to minimize liabilities is that it reduces the risk that the company issuing the contracts will be sued. By making sure that all parties agree on the terms of a particular agreement and making everyone sign a contract attesting to this, this strategy reduces the…[Read more]

There are several disadvantages of verbal contract. The most common argument against a verbal contract is the lack of solid evidence. Since we are dealing with medical device, we have to keep in mind that most likely medical devices will deal with multiple lawsuits. If we rely on verbal agreement, medical device company will most likely loose.…[Read more]

Dr. Simon,
There are two things that I really liked about this course. One is that it gives a good understanding of each department in medical device industries. So, this way student taking this course can decide which department is more suitable for them. I personally would not enjoy working as QA or clinical. Secondly, I like the idea of how…[Read more]

It will be very difficult for project manager to work in matrix organization. There are several problems that can arise. There is three main difficulties that project managers might face: secrecy and deception, time constraints, and contradictions. When people report to multiple bosses, problems may occur. Interpersonal conflicts inevitably…[Read more]

Picking a project team is very crucial for a successful project execution and completion. You have to pick the right people for the job. It doesn’t always mean you have to get the most experienced people. Don’t confuse experience with output. When I look to build my team, what I look for is getting people with minimum skill requirements so the…[Read more]

I would like to work in matrix organizational structure because it brings together employees and managers from different departments to work toward accomplishing a goal. There are advantages of implementing the matrix organizational structure in a business. It can lead to an efficient exchange of information and departments can work closely…[Read more]

I certainly agree with everyone that acceptance would not reduce any risk out of these four. Accepting the risk means that once you have identified it, you take no action. You simply accept that it might happen and decide to deal with it if it does. It is a good strategy to use when risk is small and not frequent. Risks that will not have much of…[Read more]

I have had the opportunity to work on risk analysis at the company that I worked for in past. The risks were given numerical values based on three categories and the total risk was the product of these categories. It really depends on how the company sets up their risk analysis structure and “risk value.” It also comes back to the decision of the…[Read more]