7 Ways ChatGPT Can Help Medical Device Companies Save Time
While AI-powered project management tools have been on the market in recent years, the advent of OpenAI and GPT4 has made things much easier. There are various ways GPT4/ChatGPT can help medical device companies. If used correctly, these tools can make project management faster, enabling medical device project managers to take on more and focus purely on the human tasks of strategic thinking, decision-making, and creativity. This is article number 2 in our AI and medical device series. Catch up on article number 1: Your Guide to use ChatGPT for…
Read More »
Can we use ChatGPT for comprehensive medical device project management? Let’s find out.
Before you read further, please note that this is the first in a series of blog articles we will post as we explore AI and understand how AI can assist with project management for medical device companies. We also understand that this is an extensive article. We have tried our best to format it so you can get the most out of it. The prompts we used are highlighted, and the conversation we had with GPT4 is in the form of screenshots. Feel free to read the text and skim…
Read More »
An Insider’s Approach to medical device vendor selection + Resources
The first step to selecting the right fit vendor for your medical device project is to determine exactly what you need from your vendor. The next step — gather information on potential medical device vendors from the market to select the best vendor from the lot. Doing this research will not only help you come up with a list of potential vendors that closely match your requirements but also help you: Recently we talked about establishing a networking tree to gather current industry feedback on medical device vendors. Here are…
Read More »
What are some signs that a project isn’t going well?
Imagine this scenario with me. You have planned your medical device project down to the tee. You have sufficient budget and resources to take it to completion. You have risk mitigation in place, and you think your project is going along swimmingly. And then suddenly…boom! Despite everything you have done to avoid project failure, your medical device doesn’t reach the market. Or if it does, there are significant time and budget issues. You wonder what you could have done differently. Don’t let that happen to you. Here are the top…
Read More »
A Step By Step Guide To Finding The Right Medical Device Project Manager For Your Business
Finding the right medical device project manager for your company means looking for someone who: Whether interim, full time or an external consultant, your project manager must know how to optimize your company’s resources to reach project goals on time and within budget. Here are the steps to ensure that happens. Finding The Right Medical Device Project Manager For Your Business Step 1: Start By Creating A Spreadsheet Of Viable Candidates Creating a spreadsheet will help you keep track of all the information you gather about potential medical device project…
Read More »
Gather Current Industry Feedback On Potential Medical Device Vendors
When it comes to finding the right medical device vendor for your project, what you don’t know can come to bite you later and cost you heavily. If you have current industry feedback on medical device vendors you want to work with, you can choose the best from the lot without worrying about: To do that, you need a failsafe method that actually works. Enter – the Networking Tree. When you leverage your network of peers and the industry (what Tom fondly likes to call a Networking Tree) the right…
Read More »
Vendor Evaluation Matrix for Your Medical Device Company: What You Need To Know
Choosing the best vendor for your medical device project requires you to do a thorough vendor evaluation and understand every vendor’s potential. How do they fit into your needs? How do they compare and contrast with each other? What are their key strengths? Will they complement your company, objectives, and culture? How about their impact on your profit margins? If you have more than one vendor or supplier that fits the bill, you need to select the best one for the job. For the rest, you can create a comprehensive…
Read More »
Why Can’t You Find A Qualified Medical Device Software Project Manager?
Waddell Group has seen increased demand for Software Project Managers for Medical Devices over the past several months. In our searches, these people are hard to find and extremely valuable when it comes to projects. Because they are scarce, there is a significant demand for their time, adversely impacting many medical device projects. Let’s understand why finding a good Medical Device Software Project Manager is difficult and potential solutions to combat it. The Importance Of A Medical Device Software Project Manager Information technology is advancing in leaps and bounds, and…
Read More »
How to select the right vendors for your medical device project
The success of your project and your bottom line depend on choosing the right vendors for your medical device project. From lead times to safety risks, your suppliers can impact the overall operations of your business. This makes it critical to choose the right fit vendor for your medical device project. Start by making a list of vendors for your medical device project. Short-list multiple vendors for the same component, product, system, or service if possible. Once short-listed, use the steps mentioned below to select the best fit for your…
Read More »
From Critical to Cured: How to Communicate Critical Issues to Senior Management for Action
Any project manager worth their salt knows that bringing a medical device project to completion successfully requires quick decisions and timely actions. This includes ensuring that senior management sees and addresses critical issues on time. With their experience, expertise, and reach, they can resolve these issues efficiently. Thus mitigating risks, saving invaluable time, and securing smooth implementation for all. That’s why as tempting as it is to address these issues at the project level, it’s more important to communicate critical issues to senior management effectively. Getting senior management involved early…
Read More »