Developing Raw Technology

During the MD&M Minneapolis 2019 conference, Perry Parendo of Perry's Solutions spoke about best project management practices for engineers. Afterward, a sidebar conversation began regarding new technology exploration. MD+DI asked Parendo a few questions on how engineers could approach what he calls “raw technology.” Do engineers employed by medical device companies have enough time and internal support to develop raw technology? If not, what are some best practices to better support such work? Parendo: Time available really depends on the company. A start up needs cash flow, so it can only develop stretch technologies with a risk-tolerant investor. In large corporate organizations, they need to be dedicated resources. Splitting time between a near-term revenue project and a pure-technology project is impossible to balance. The time available for new technology will suffer significantly. To support technology work, companies need to dedicate a percentage of R&D spending for technology projects that contain dedicated resources. Collaboration between groups is always expected, but these dedicated technology groups need to be focused on their appropriate time horizon. Prioritization comes in the form of full-time, dedicated resources. Does it depend upon the size of company? Are there suggestions for large companies and for smaller companies for developing raw technology? Parendo: It certainly is impacted by the size of company. A smal...
Source: MDDI - Category: Medical Devices Authors: Tags: MD & M Minneapolis Design Source Type: news