ahant Sathe Wholesale Kenneth Faried Jersey , Co-Founder & Partner, Sarathy Advisory Client: A private limited company with medical dominated partners & venture base Situation: This was planned as a 100 bedded Greenfield hospital set up in Maharashtra . The promoters had a strong vision and wanted insights into correct project implementation mechanism. The risks visualized were delay in planning ,construction, and commissioning causing a prolonged gestation and consequent debt and interest burden and then prolonged break evens and ROIs . Our services were sought for knowledge sharing and comprehensive planning and navigation of this project based on our previous experience of project planning of Greenfield hospital projects. O C T O B E R 1 S T 2 0 1 8 S A R A T H Y A D V I S O R Y Our intervention was from concept till commissioning but this study restricts to outline the project monitoring mechanisms that we proposed to mitigate the visualized risks. 1. Major risk mitigated was a delay in timelines and targets which can entail a severe rise of burden in form of Interest on debt and loss of revenue thro the incoming fees of Year One. Hence the Project monitoring mechanisms needed to be developed and customized for that typical environment for eventual success on timelines. 2. We targeted the tripple constraint : Our Interventions 3. Scope and Concept : The plan was firmly based upon Needs assessment Wholesale Jamal Murray Jersey , Defined Entry strategies , specific Locational geographic positioning, Sound Business model conception coupled with Competitive environment assessment and Comparative feasibility studies to develop a timelined plan for implementation based on a Vision and strategy for project implementation. 4. Costs : Identified interdependancies, charted project monitoring mechanisms for critical milestone tracking. Established a phased review process. All the budgetary and cost estimates were in place and frozen with 10 percent allowance for variance to assist resource mobilization in concept phase. 5. Time : The major impacting factor in Greenfield set ups is a delay in executions Wholesale Malik Beasley Jersey , constructions which result in increased debts in form of mounting interest burden at high cost. We initiated Establishment of policies, procedures, and documentation for planning, developing Wholesale Wilson Chandler Jersey , managing, executing, and controlling the project schedule. Analyze activity sequences, durations Wholesale Tyler Lydon Jersey , resource requirements, and schedule constraints to create a project schedule . Penalty clauses instituted in contracts helped achieve the timelines. Scope Cost Time Impact HEALTHCARE CON SULTI N G The promoters received a comprehensive project road map for entire project implementation phase with specific quarterly targeted needs. We could effectively controlled the delays to avoids rising interest burdens and ensured optimization of assets through structured audit mechanisms and resources to achieve commissioning targets. The project negotiated well through Stage of Planning, Stage of Construction including Phased rational capital inflow to suit the targets and achieve early operationalisation. This was possible due to SA鈥檚 insights and experience of greenfield hospital projects . For more information, please write to info@ Total Views: 48Word Count: 420See All articles From Author
Innovation Management ? what problem is being solved? Business Articles | May 9 Wholesale Nikola Jokic Jersey , 2005 Creativity can be defined as problem identification and idea generation whilst innovation can be defined as idea selection, development and commercialisation. There are distinct processes that enhan...
Creativity can be defined as problem identification and idea generation whilst innovation can be defined as idea selection, development and commercialisation.
There are distinct processes that enhance problem identification and idea generation and, similarly Wholesale Gary Harris Jersey , distinct processes that enhance idea selection, development and commercialisation. Whilst there is no sure fire route to commercial success, these processes improve the probability that good ideas will be generated and selected and that investment in developing and commercialising those ideas will not be wasted.
Franklin (2003) reported that many innovations fail due to a lack of focus. This sentiment is echoed by Doug Richards (Words of wisdom from the dragon?s mouth, Financial Times Wholesale Trey Lyles Jersey , 7th May 2005) a venture capitalist who stated that what he really wants to know is what problem the product solves. This stresses the often overlooked but important part of the creativity and innovation process ? problem identification.