There are a few techniques to regularly maintain the planned value during the monitoring phase: consistently tracking project progress, analyzing the root causes of variances that come up, and keeping...

Design controls are what is required to complete a project. Project Management is what's required for it to go SMOOTHLY. To be more specific, design controls (if done correctly) are a surefire way to ...

The pre-feasibility/feasibility dataset and BAM are both critical in initiating projects. The pre-feasibility/feasibility dataset feeds into the BAM by making an assessment on the economic, operationa...

As you said, market and technical research is incredibly important for stakeholders' consideration. If the idea is really that "grand," then the market research should reflect that. Business presentat...

In the lectures for this week, the professor mentioned that the managers sometimes keep project finances a secret from Project Managers. Can anyone provide insight as to why this may be? What benefits...

There are four main relationships among tasks in Gantt charts: start-to-finish (SF), finish-to-start (FS), finish-to-finish (FF), and start-to-start (SS). These are all relationships that two tasks ma...

I agree with @sah67 in that in general, changes made at the beginning of a project are the easiest to implement. As time goes on, documents start to build up and information is based off of previous d...

There are four main ways of dealing with risk: avoidance, mitigation, acceptance, and transference. I understand the first three in the context of the medical device industry. For example, three metho...

As mentioned in lecture today, the project plan includes a lot of estimates that do not have to be entirely accurate. This includes a vague timeline of the project, budgets for different stages of the...

What constitutes optimal project management software? Are there any recommended ones? I only ever have experience in using Microsoft Project, which I thought was sufficient for what I needed (capstone...

What are strategies to convey the importance of one's project to a functional manager (particularly in a matrix organization)? I had limited exposure to resource management in the medical device indus...

How important is knowing about project management if someone does not plan on going into it as a career? Is a basic understanding of project management critical even if you are not a PM? I imagine tha...

I agree with the above posters in that consultants or SMEs would likely be the most cost-effective and efficient solution. However, if combination products are going to become more staple in the compa...

Different types of organizations exist in the medical device industry. However, there are two in particular that seem very similar: functional organizations and weak matrix organizations. Functional o...

The product lifecycle has five distinct phases: development, introduction, growth, maturity, and decline. These cycles are generally depicted seeing the sales volume change over time. During developme...