| Short description | Category | Detailed Description |
| Conformity to laws | Strategy | Due to the nature of the product,ie., medical devices, there are a large number of laws and regulations which needs to be conformed to in order to develop a successful product |
| Risk Management | Strategy | The company does not possess any significant risk management experience which needs to be developed otherwise could prove very costly |
| Communication | Strategy/People | The communication between the employees in the company has historically been poor which can be crucial factor for the success of the project as proper communication is essential for smooth functioning of a project. |
| Project Manager | People | The project manager is relatively new to the company and has little experience with the company's people, culture and processes, which can really hamper the coordination and help desired from other team members |
| Quality manager | People | The quality manager is also new to the company which can lead to less acceptability on part of the other team members as there is no existing relationship between them and it needs to be developed within the course of the project |
| Absence of Processes | Strategy | The company does not possess any strong background in processes and it needs to be developed in order to achieve success in this project |
| Prototype Development | Strategy | The company does not develop prototype inhouse but outsource it which can prove to be dangerous in terms of project coordination and control |
| Delivery time | Schedule | The project needs to be completed before the first quarter of the next fiscal year for successful launch of the product within the first quarter, which means the project manager cannot afford any delays or else project will be unsuccessful. |
| Help from Other teams | Schedule | The other team members need to balance the time required for their current activities with the time required fo the project, which can really lead to coordination problems and priority issues on part of the team members. |
| Absence of Consultant | People | The company has historically hired external consultants for successful project management but this time it is managed by internal staff with no external consultants which can proce to be risky for the outcome of the project |
| Product line | Strategy | This is an entirely new product line that needs to be developed in which company has no experience. Therefore, the knowledge about the industry needs to be developed with respect to existing products, trends etc,, otherwise the development of the product may not be fruitful. |
| Resistance to Change | People | The new processes with respect to quality, communication etc., which Lectocomp's employees are not used to may be resisted by the employees and may lead to undesirable consequences in the due course of the project |
| Budget | Strategy | The project budget may exceed due to little or no knowledge about the scope of activities and tasks with respect to medical industry. The long list of compliances and regulations may enhance the project scope and require modification in the middle of the project. |
| CEO | People | The CEO or the project sponsor or mentor is also relatively new to the company with his own set of ideologies and thought processes which may not be liked by the team members of the project |
| Coordination | Strategy | The project involved help from a large number of departments, which may create coordination problems |
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ip_1.xls
