Employee vs. consulting project manager: Which one’s right for you?
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…
Read More »
Putting Mergers and Acquisitions to work through effective integration
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…
Read More »
How to get the most out of your remote teams as a project manager
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:…
Read More »
How to foster cross-departmental communication in medical device companies
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…
Read More »
How not to screw up getting your medical device to market on time.
Our clients have shared with us the most important questions they have regarding project management. The first one is, how do we make sure we get the medical device to market on time? That’s clearly our client’s number one priority, as medical device development (for products to sell) drives a medical device company’s top line in years to come. When a project is delayed, it can remove the product from the market completely as it may already be obsolete due to evolving market needs and advancements by competitors. When writing…
Read More »
How to become a top-level medical device project manager
A project manager can make or break your medical device project. They are responsible for ensuring that the project is completed on time and within budget while meeting all the necessary quality and regulatory requirements. Without a top-level medical device project manager, the project can quickly get off track. At Waddell Group, excellence is not just a standard; it’s a necessity. We only work with top-level project managers. Here’s what sets them apart from others in their field: A track record of at least five successful projects under their belt. …
Read More »
Our New Year Gift To You
As we approach 2024, we want to take a moment to express our gratitude for your continued support and readership. It has been an incredible journey, and we are thrilled to have you as a part of it. As a token of our appreciation, we wanted to offer you a special gift – a year-end wrap-up blog post that highlights our top ten blog posts from the previous year. We hope that this compilation will help you gain predictable success will all your medical device projects. Top 10 blog posts…
Read More »
Why is it better to have a project manager with experience in medical device development
When you have a GI tract issue, do you go to a gastroenterologist or a general practitioner? If you want to handle a property dispute, would you go to a real estate attorney or a general practice attorney? Now, think about your medical device project. If you want a project manager for it, would you prefer a typical project manager or a project manager with experience in the medical device industry? The math is simple. If you want the best service, you need to go to people who specialize in…
Read More »
Cost-Effective Strategies for Developing Medical Devices
Many companies make this mistake when it comes to cost-effective strategies for developing medical devices. The mistake; thinking cost-effective strategies equal cost-cutting. Or at least include cost-cutting. This is not necessarily the case. Sometimes, cost-cutting is the last thing you should do when it comes to medical device development. This article discusses some cost-effective development strategies that may seem counterintuitive. However, we have spent 20 years trying and testing these strategies in the medical device industry with great success. We can assure you they work. Cost-Effective Strategies for Developing Medical…
Read More »
Five Tips to Making Project Management Easier for Medical Device Companies
Project management for medical devices can often feel like an episode of “Survivor,” where teams face tough challenges (product complexity, changing market and safety regulations), compete for resources, and face critical decisions at Tribal Council(project meetings). It’s an intense, high-stakes game that requires strong leadership, technical expertise, and adaptability. With these five tips, you can make medical device project management easier and make sure everyone is playing fair. Five Tips to Making Project Management Easier for Medical Device Companies – The Survivor Edition 1. Review and improve your new product…
Read More »