How Integrity in Project Management Leads to Team Success
Integrity Is a Critical Component for a Successful Project Recently, we talked about why integrity is a critical part of project management and what’s required to maintain the integrity of the project and the company. In brief, the project manager needs to be aware of (and convey to their team): The intent of the project Why the company is doing the project Profitability The trade-offs required to achieve the project goal But that’s not enough. You also need to manage the project with integrity so that it doesn’t get off…
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Opportunities in a Post-Pandemic Market With Introworks
Opportunities in a Post-Pandemic Marketplace Waddell Group CEO Tom Waddell had an interview last November with the President of Introworks, Bob Freytag, about opportunities in the marketplace to take advantage of as the market continues to open up after COVID-19. A year later, we’re revisiting their conversation to gain a new perspective on their insights and measure their applicability in a marketplace that is still transitioning as we approach 2022. Waddell and Freytag’s conversation covered topics such as the effectiveness of fractional teams during the pandemic, how to take advantage…
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Why Integrity Is a Critical Part of Project Management
With its many moving parts to direct and risks to navigate, managing a new medical device project can be a challenging undertaking. Because of the stringent quality requirements in the medical device industry, project management principles such as project structure, setting goals, tracking status, risk management, and resource management are especially important, and leading this charge is integrity. So, what exactly is integrity, and why should it be a critical part of project management? Defining Integrity in Medical Device Project Management Integrity is all about “honoring your word.” This includes identifying…
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Video Recap: Project Management Lessons Learned from COVID-19
Just over a year ago, Waddell Group CEO Tom Waddell interviewed Jonathan Flachman, Principal Consultant at Projenics, about the lessons learned while doing remote project management during the COVID-19 pandemic. Now as we approach Q4 of 2021, we’re reflecting on their conversation by revisiting the 4 key trends that the two industry experts uncovered while comparing them to the state of project management today. Waddell and Flachman discussed the widespread adoption of project management tools, the importance of fast and frictionless tools, the prioritization of effective communication, and the ways…
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The challenge of keeping your high-performance talent
Keeping your high performing employees is always important and has gained even more importance this year. Many have dubbed this period starting in 2021 (and lasting until who knows when) as “the great resignation”. More of the US work force are actively looking at what’s next for them than any other time. A recent Microsoft survey of over 30,000 workers found that 41% of employees are considering quitting (Inc. Magazine, The Great Resignation is Here and It’s Real, Aug 26, 2021). Reasons cited in multiple articles included covid burnout,…
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So you want to make a Medical Device . . .
We help inventors navigate the rigorous steps needed to get their medical device products to the market. We often meet people who have an idea for a medical device. They have identified a problem that they want to solve and have set about inventing a potential solution to that problem. But what then? How do you get that idea to market? Waddell Group is a part of the Medical Device Resources Group, a consortium of businesses that help inventors get their medical device through the many steps it takes to…
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Evolution of Project Management Under COVID-19
COVID has changed the communication experience Tom Waddell interviewed Jonathan Flachman recently around what we have learned when it comes to Project Management under COVID-19. That interview created the genesis for this blog post and if you want to watch the video, please click here. To begin with, some things have not changed. Communication is still the best currency a project manager has at their disposal to help manage the people in their project. This looks very different in an environment within a COVID-19 experience than it did before. Project…
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Technical Project Management
Why it is important to have a technically trained engineer run your project We are often asked – when it comes to medical device project management, what does it take to be a World-Class Project Manager? The answer to the question is an important one, and certainly, things like experience and project management training are important. But we have found that having an education and (lots of) experience in a relevant technical field combined with leadership skills is what sets our people above the rest when providing the best medical…
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Project in chaos? Don’t Panic!
Project chaos/crises can be caused by several factors, from a complete breakdown of direction, a lack of performance on key activities, or even misguided leadership. Sometimes it’s outside factors that throw everything into disarray. This last cause may be relevant to our current work environments. There are four key elements of rescuing a project in crisis, those project management steps include: 1. Define “What’s So” 2. Define the Project 3. Create a Plan 4. Define Risks and Mitigation Defining “What’s So” The most important first step in a chaotic situation…
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Leadership in the Realm of Employee Motivation
Lots of people talk about leadership – including us if you review other blog posts we’ve made on www.Waddellgrp.com. People talk about how you get your team members to do what you need them to do. How closely should you manage? How should you give difficult feedback? This article will approach leadership from a different perspective: What motivates your team members to do their best? We’ll start by going down a historical lane and examining what one ancient general believed motivated people to go to war. While not the whole…
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