A company initiated a project to introduce a new product to the market. The product must undergo the industry’s regulatory process prior to approval and launch. However, the company sees a great demand for this product and wants it to launch as soon as possible.
What should the project manager do to realize this opportunity?
The project manager should comply with the regulatory requirements and work to compress the project schedule. This ensures that the product meets all industry standards and legal obligations, while also taking steps to expedite the process as much as possible. Seeking an exemption or relying heavily on external parties might not guarantee timely regulatory approval and could introduce additional risks or delays.
Comply regulatory requirements
D. Comply with the regulatory requirements and work to compress the project schedule Ensuring compliance with regulatory requirements while working to compress the project schedule allows the project to meet industry standards and launch as soon as possible.