So you want to release your medical device or pharmaceutical product into the US or global market for your company expansion goals. Perhaps you are already behind on the timeline and over your budget. In order to get your product to market on time and within budget you need an expert.
The Challenges of Getting Your Product to Market
In brief, bringing a new product into the medical or pharmaceutical arena consists of a multitude of challenges unique to the industry including regulatory and quality services. Therefore manufacturing delays skyrocket, budgets become constrained, and schedules compromised. But there is a solution.
The Key to Getting Product on Track
Whether you’re in the pre-market or post-market process, you can recover and get back on track. The key ingredient? A skilled project manager.
What is a Project Manager?
Above all, project managers (PM) direct various and often diverse disciplines to get your product to market within budget and on time. Also, PMs keep teams and staff on track with the agreed timeframe without comprising product quality and safety.
What Does a Project Manager Do?
Most importantly, a professional project manager takes care of all the nitty gritty details to ensure a successful and timely launch. Firstly, the project manager’s role brings multiple groups together in concert to meet deliverables on time. Second, the PM manages the scope, budget, and timeline of your project, no matter the size or complexity of the plan, whether initial product launch, product line expansion, geographic expansion or any other project or program endeavor.
Benefits of Hiring a Project Manager
In short, project managers coordinate and manage a team of experts to meet agreed timelines, budget constraints and with the available resources. In addition, PMs motivate people to create a communication platform for running a smooth project while keeping stakeholders informed. Moreover, by creating a clear project structure and acting as a facilitator, a project manager coordinates your entire project and relieves your organization of all the unneeded stress.
In summary, your goal consists of getting your life saving product successfully to market on time. Above all, keeping any project on time and within budget requires clear communication, motivation, interpersonal relationships and expertise. In conclusion, hiring an experienced project manager may be the second-best decision you’ll ever make.
The first? Contact MAE Group to learn more.