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Home / 2024

Yearly Archives: 2024

A representative image of the magical medical device kingdom and the wise project manager
23Dec

The tale of the wise project manager and the magical medical device kingdom (it’s kind of a holiday story…)

  • Waddell Group
  • Project Management/Leadership

Once upon a time, in a land far, far away, there was a thriving medical device company that crafted Class III implanted stimulators. Their creations helped people live better lives, and their company prospered. But one day, the rulers of the company decided to embark on a great journey to a new land—a land filled with promise and opportunity, where their company and all its loyal employees would flourish. Building their new kingdom, however, was no small feat. This land required a brand-new manufacturing facility, a fortress of precision where…
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white arrows on a grey background pointing in different directions with one single red arrow pointing upwards to indicate managing up
27Nov

Managing up as a project manager: The what, the how and the why

  • Waddell Group
  • Information, Leadership Development, Project Management/Leadership

As project managers, we’re the glue that holds timelines, teams, and (often) the collective sanity of an organization together. Whether it’s a large company with specialized project managers for each project or a smaller company where the project manager handles everything project related, managing your team is only half the battle. Effective project management also involves the often-overlooked skill of “managing up”—proactively keeping leadership informed, aligned, and engaged.  Knowing how to manage up effectively can make all the difference between a well-oiled medical device project and one that clanks along,…
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Empathy in project management
25Oct

The power of empathy in project management

  • Waddell Group
  • Project Management/Leadership

Recently, I listened to a podcast on the Huberman Lab featuring Dr. Marc Brackett, a world-renowned expert on emotions and emotional intelligence. One of the key discussions in the podcast was about the impact of empathy and emotional intelligence on learning, conflict resolution, and decision-making. As a CEO and project manager, it got me thinking about how crucial these skills are—and the undeniable importance of empathy in project management and effective leadership in the medical device industry.  On leadership and empathy in project management True leadership is not just about…
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it has 2 images placed diagonally across each other. One represents a consulting project manager and the other, an employee project manager. they are divided by a line that says VS. this image represents the title of the blog post which shows the pros and cons of both.
26Sep

Employee vs. consulting project manager: Which one’s right for you?

  • Waddell Group
  • Project Management/Leadership

If you’re trying to decide between hiring an employee project manager for your medical device company or bringing in a consulting project manager, you’re not alone. As the CEO of a company that provides world-class medical device project managers, I have talked to people struggling to decide between the two. While most people lean towards hiring an employee project manager, it’s important to consider both sides of the equation. There are a lot of factors to consider, and both options have their own set of pros and cons. Let’s break…
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11Sep

Putting Mergers and Acquisitions to work through effective integration

  • Waddell Group
  • Mergers and Acquisitions, Project Management/Leadership

For medical device companies, Mergers and Acquisitions (M&A) are more than just a pathway to growth—they are a strategic necessity. They provide a unique opportunity to expand a company’s market share, diversify its offerings, or gain a competitive edge. However, the success of these transactions hinges on what happens next–the integration process. This post dives into the critical aspects of M&A integration, drawing insights from a comprehensive whitepaper by Jitesh Tank and Waddell Group. By understanding these elements, businesses can avoid common pitfalls and build on the value generated from…
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07Aug

Why you should know your regulatory requirements before starting a medical device project

  • Waddell Group
  • Information, Medical Device Development

When you build(or buy!) a house, you make sure the foundations are in place before starting anything else. The same goes for starting a new medical device project. And one of the major foundational pieces for starting a new medical device project is to know your regulatory requirements. Ignoring or misunderstanding these requirements can lead to significant setbacks, financial penalties, and even project failure.  Here’s why knowing your regulatory requirements at the beginning of a project is important  Knowing your regulatory requirements helps you avoid market entry barriers Ignoring regulatory…
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a female presenting project manager communicating virtually with her remote team members from her work space
05Jul

How to get the most out of your remote teams as a project manager

  • Waddell Group
  • Project Management/Leadership

According to Upwork, by 2025, an estimated 32.6 million Americans will be working remotely, which equates to about 22% of the workforce. This continuous shift towards remote work and remote teams presents unique challenges and opportunities for medical device companies and their project managers.  In this article, we discuss actionable strategies for getting the most out of your remote teams, drawn from our interview with Courtney Jones, a seasoned project manager at Rebiotix, a Ferring Company. Let’s dive in. Strategy #1 to get the most out of your remote teams:…
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12Jun

How to foster cross-departmental communication in medical device companies

  • Waddell Group
  • Information, Leadership Development, Project Management/Leadership

If you have ever worked in a medium or large size company, you know how the communication process can sometimes resemble a high-stakes game of ‘telephone’ where the message gets lost in translation. Different departments often continue in silo mode and don’t have very open communication with other departments. It doesn’t take a project management expert to realize how damaging that is for your projects and the company as a whole. So what do you do to break down these silos and foster cross-departmental communication? To complete a project on…
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16Apr

Leveraging ChatGPT for Risk Management in Medical Device companies. 

  • Waddell Group
  • AI and Project Management

The second in our AI for risk management–beginners series, this article will talk about leveraging ChatGPT for Risk Management in Medical Device companies in conjunction with traditional risk management tools.  Allow me to preface this by saying our focus with these articles is on making risk management slightly easier for project managers and medical device companies. That’s why we will only touch upon AI techniques that don’t require expert-level ChatGPT skills. The best and simplest AI technique is to ask questions. In all of our experiments with GPT4, our first…
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05Apr

How Artificial Intelligence(AI) can help you with risk identification

  • Waddell Group
  • AI and Project Management

We know that risk management ensures project success by identifying and mitigating potential risks before they escalate. We also know why it can be time-consuming. With AI making progress in leaps and bounds, we decided to see how it can ease the burden on project managers for risk management. Because the topic is so vast, we decided to start with step one of risk management and talk about how Artificial Intelligence(AI) can help project managers with risk identification.  If project managers in small companies go in and actually do a…
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