The medical field has seen great advancement in creating digital networks for patient information. I think a similar system can be put in place for project management. Many components of a project are now outsorced including clinical trials. Keeping digital…   Read more»

In theory, there should be a direct correlation between talent of an employee and his or her performance. If this were the case, it would make sense to retain the most talented employees at all costs. In reality, the relationship…   Read more»

When preparing the budget for a clinical trial, it needs to be flexible. If the trial goes over-budget, the sponsor must cover the cost. Budget items can be categorized in one of two ways: 1) fixed and upfront costs which…   Read more»

Preventative management is ideal. In a sense, reactive management leads to more of the documentation and other factors that you mentioned can lead to delays in progress. Preventative management is the best way to keep to a time and cost…   Read more»

The Monte Carlo Simulation can be used to model uncertainty in inputs or any problem having a probabilistic interpretation. It can be used to create prices for assets based on an average of hundreds to thousands of hypothetical scenarios. Because…   Read more»

The easiest way to categorize these two is to say that quality assurance deals with verification while quality control deals with validation. QA looks to prevent quality problems through planned and systematic activities. Their main goal is to improve development…   Read more»

I think each situation has different repercussions. Failing of experiments is something that should be accounted for during planning. Excessive failure of experiments may show that the project is not as feasible as was thought and should be terminated. I…   Read more»

One experience that I had with this was in my undergraduate research. The research I was doing was in collaboration with another lab on campus. The other group with electrospin PLLA based fibers and then I they would send them…   Read more»

This was something that was a very common issue when I took capstone. First of all our capstone group of 5 people had many individual commitments that made it very difficult to meet at the same time. One way that…   Read more»

Similar too many other people who responded, I also experienced some setbacks during my capstone project. The project was to design an adhesive that would be applied to a graft intended to block a cerebral spinal fluid leak. Our initial…   Read more»

I don’t think that a company can authorize any of the unethical examples you just suggested. If a new regulation was established, designing a placebo study to circumvent this regulation would not only be unethical but most likely illegal. The…   Read more»

This is a great question but I think it needs to be specified why the change in PM occurred. If it was due to that person leaving your company to take another job or personal reasons… etc. I believe the…   Read more»

As a project manager the first thing I would do is brainstorm with my team all of the possible project and product risks in the initial risk management meeting. For future meetings I think it would be important to balance…   Read more»

I believe your post actually involves two different questions. You originally talked about project risks but then asked for an example of a product risk. Product risks refer to potential defects within the product itself. This could be something like…   Read more»

To me, risk/benefit ratio for a company mainly comes down to money. For any company that wants to create a high quality product, cutting corners should be kept to a minimum. However, there are certain specifications that can be made…   Read more»

I would say that even if the product itself is okay, something such as missing information on a label can still force a recall. If, for example, a drug label is missing an ingredient and a patient taking that drug…   Read more»

The company should absolutely go for the project and here’s why: Grants are not solely limited to academic institutions and non-profit companies. A for-profit company also has the ability to apply for grants. Large, well established companies may not need…   Read more»

One of the biggest disadvantages to a project team is that the people within the team can cause a poor culture to form within the group. More importantly, as stated in the notes, projects run well after the team adjusts….   Read more»

On top of evaluating market appeal for a certain product, I believe one of the most important parts of the project proposal is the implications it can have on regulations. Obviously the more complex the design, the more time and…   Read more»

Changing the material of the product can definitely change how the project is classified. Even though the syringe designs may have the same design specifications causing one to say they are similar products, the difference in material really makes these…   Read more»