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    Strategy and Project Management in The Academic Setting

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    dadaoskdaok okkoo
    This document discusses best practices for project management in academic settings that can be adapted from industry. It suggests that while industry focuses on products and profits and academia focuses on knowledge creation and tenure, effective project management principles apply to both. These include establishing milestones, detailed project plans with timelines and tasks, accountability through meeting notes and tracking action items, managing risks, and considering additional expertise through collaborators. The document also notes challenges in academics around data management and retention that industry addresses through electronic notebooks and databases.

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    Strategy and Project Management in The Academic Setting

    Uploaded by

    dadaoskdaok okkoo
    32 views15 pages
    This document discusses best practices for project management in academic settings that can be adapted from industry. It suggests that while industry focuses on products and profits and academia focuses on knowledge creation and tenure, effective project management principles apply to both. These include establishing milestones, detailed project plans with timelines and tasks, accountability through meeting notes and tracking action items, managing risks, and considering additional expertise through collaborators. The document also notes challenges in academics around data management and retention that industry addresses through electronic notebooks and databases.

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    This document discusses best practices for project management in academic settings that can be adapted from industry. It suggests that while industry focuses on products and profits and academia focuses on knowledge creation and tenure, effective project management principles apply to both. These include establishing milestones, detailed project plans with timelines and tasks, accountability through meeting notes and tracking action items, managing risks, and considering additional expertise through collaborators. The document also notes challenges in academics around data management and retention that industry addresses through electronic notebooks and databases.

    Copyright:

    © All Rights Reserved
    Download as PPTX, PDF, TXT or read online from Scribd
    Download as pptx, pdf, or txt
    32 views15 pages

    Strategy and Project Management in The Academic Setting

    Uploaded by

    dadaoskdaok okkoo
    This document discusses best practices for project management in academic settings that can be adapted from industry. It suggests that while industry focuses on products and profits and academia focuses on knowledge creation and tenure, effective project management principles apply to both. These include establishing milestones, detailed project plans with timelines and tasks, accountability through meeting notes and tracking action items, managing risks, and considering additional expertise through collaborators. The document also notes challenges in academics around data management and retention that industry addresses through electronic notebooks and databases.

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    You are on page 1of 15

    Strategy and Project Management

    in the Academic Setting

    What best practices from


    industry can be applied within
    the academic setting?
    Industry and Academia Have Differing
    Goals and Metrics of Success
    Industry focuses on translation and
    products - scientists pursue tangible
    entities (validated targets, novel molecules,
    biomarker assays)
    Measure of success : $$$
    Academia focus basic research knowledge
    creation though basic research and
    dissemination of knowledge
    Measure of success : Tenure

    Principles of effectiveness in managing project


    progression apply equally in both settings project
    Science is a Team Sport in Industry

    Many disciplines and functions are need to


    move projects forward (eg. Chemists,
    biologists, toxicologist, pharmacologists,
    engineers, manufacturers, lawyers, marketers)
    Highly effective use of multiple resources
    serves the purpose of translation
    In contrast there are incentives (getting
    tenure) for academics to lean towards
    individual research in order to substantiate
    significant impact
    A Multidisciplinary Approach Can Be
    Dilutive to Your Perceived Impact

    Consider how to bring additional expertise to your project


    (collaborators, consultants, contractors) especially If you are
    Principles of Project Management
    Cornerstones of
    Phases of Project Effective Project
    Management Management

    Initiation Milestone-based

    Planning

    Execution Accountability

    Monitoring

    Closing Managing Risk


    Initiation & Planning of Projects

    Assemble team (think about external


    experts!)
    Identify goals, establish
    milestones/aims
    Create a project plan (simple or
    detailed)
    Specific project activities & tasks
    Timing of activities
    Interdependencies among work streams
    Cost
    Detailed Project Plan and Timeline:
    Microscoft Gantt Chart is an Industry
    Standard
    Simplified Project Plan and Timeline Modeled After Gantt
    Chart (NIH)
    High Level Project Plan and Timeline
    Prototype
    Pacemaker
    Design and
    Manufactur
    e
    Rabbit
    implant
    Build device with Fetal sheep model study
    technique
    internal charging coil with optimized device
    piloted Go/
    (Coulter) (without recharging)
    Electrical (Coulter) No Go
    output
    tested

    Quality System
    8 Development
    HUD
    Designation
    Obtained Funding Reports
    Coulter Project Activities + oral + oral

    <Q2 12 Q3 12 Q4 12 Q1 13 Q2 13 Q4 13 Q1 14
    Design and fabrication of external recharging Fetal sheep studies
    NIH R01
    system incorporating external
    Application (CTSI Funding) recharging system
    (R01)

    Publication
    AHA
    Meeting
    Patents Press
    Prosecuted in US Release
    and Canada &
    new IP under conversion
    Accountability
    Regularly scheduled team meetings
    Create agendas for team meetings and
    follow them
    Team meeting minutes with ACTION
    ITEMS assigned to team members
    Review ACTION ITEMS at next team
    meeting to ensure they have been
    completed
    Careful tracking of documentation/data
    Managing Risks
    Identify risks and have
    some form of
    mitigation for these
    risks
    Supplement your
    team with
    complementary skill
    sets
    Formulate endpoints
    and pivot if necessary

    Build optionality into your project plans and make


    adjustments to
    Some Important Issues for Academic
    Laboratories You Need to Think About
    Research data retention
    Research data organization and storage
    Industry utilizes electronic laboratory notebooks and has
    extensive infrastructure to support capturing work
    product, data, and inventions

    Problem: data walking out Solution: centralized data


    the door management
    Data Management Tools
    Central Desktop
    Electronic Filing System for
    Documents & Data
    Functionality for Tracking Project
    Plans & Timelines
    Reporting and Monitoring
    A Collaboration Tool
    Central Desktop Dashboard
    Best Practices from Industry that Can Be
    Leveraged by Academia in Managing Your Projects

    Defined milestones
    Defined project needs / resources
    Mapping of timelines
    Team building with complementary team skills
    Data management and storage

    Principles of effectiveness in managing project


    progression should apply equally in both settings project

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