{"id":32827,"date":"2019-05-14T10:11:00","date_gmt":"2019-05-14T17:11:00","guid":{"rendered":"https:\/\/www.jamasoftware.com\/?p=32827"},"modified":"2023-01-12T16:51:39","modified_gmt":"2023-01-13T00:51:39","slug":"frost-sullivan-jama-connect-improves-risk-management-amid-growing-product-complexity","status":"publish","type":"post","link":"https:\/\/www.jamasoftware.com\/legacy\/blog\/2019\/05\/14\/frost-sullivan-jama-connect-improves-risk-management-amid-growing-product-complexity\/","title":{"rendered":"Frost & Sullivan: Jama Connect Improves Risk Management Amid Growing Product Complexity"},"content":{"rendered":"

\"\"<\/p>\n

Companies are facing intense pressures to bring complex products to market faster than ever. In addition, those delivering products in safety-critical markets must also create and execute against a risk management plan for expanding standards and regulatory oversight.<\/p>\n

In these cases, inefficiencies and blind spots in the development process can lead to risk management errors which not only throw releases off schedule but can put lives in jeopardy.<\/p>\n

To help raise awareness around these issues, prominent research and consulting firm Frost & Sullivan<\/a> recently observed the product development landscape and its relationship to risk. The output is a recently-released brief, \u201cSafeguarding Regulated Products Amidst Growing Complexity<\/a>,\u201d that spotlights Jama Connect<\/a>\u2122 as a remedy for ineffective risk analysis in product development.<\/p>\n

Symptoms of Ineffective Risk Management<\/strong><\/h2>\n

The Frost & Sullivan brief outlines the current competitive environment facing organizations producing products in regulated industries and makes the case that relying on outdated processes impedes success.<\/p>\n

\u201cMany businesses in these spaces have invested heavily over the years in their document-based systems to manage their product development process and are hesitant to upgrade to unknown technologies or solutions,\u201d writes Frost & Sullivan. \u201cThese antiquated systems are often static and spreadsheet- or even paper-based. And while they may offer a (possibly false) sense of reassurance against the costs and risks associated with a live digital system, they end up creating more costs and causing more harm.\u201d<\/p>\n

As we\u2019ve heard from many companies, performing requirements management and risk analysis through versioned spreadsheets<\/a> and extensive meetings not only drains resources, slows development, and creates errors, but it\u2019s just no longer an effective strategy when you need to build safe products quickly.<\/p>\n

Gain a stronger handle on ISO 14971 \u2014 the FDA\u2019s mandatory standard for risk assessment in medical devices \u2014 by grabbing our whitepaper<\/a>.<\/p><\/blockquote>\n

Strengthening Collaboration During Development<\/strong><\/h2>\n

One other notion dispelled by Frost & Sullivan is the idea that remote development teams can operate at maximum efficiency without a powerful, shared solution for centralized enablement.<\/p>\n

For instance, with regulated companies, there\u2019s too much at stake to leave issues around requirements, risk mitigation, and compliance up to emailed documents.<\/p>\n

\u201cA strong, platform-based solution can provide a virtual space in which different but interdependent teams can collaborate<\/a>, key stakeholders can review and weigh in on decisions, and regulators can trace end-to-end compliance,\u201d writes Frost & Sullivan. \u201cIt can also enable risk mitigation as an ongoing, semi-automated process that catches and integrates changing conditions. Such a solution can help ensure compliance across processes, functions and locations, as well as with product definitions and design, processes and test cases.\u201d<\/p>\n

Learn how how a Fortune 100 semiconductor company is meeting the challenges of developing automotive-related technology by downloading our case study<\/a>.<\/p><\/blockquote>\n

A Better Risk Management Solution<\/strong><\/h2>\n

For businesses still hesitant to invest in improvements to their risk management process, it\u2019s not always strictly a question of budget. The move involves a change in mindset and executable process<\/a>, according to Frost & Sullivan. For instance, tracking and managing risk needs to be an intrinsic, collaborative, ongoing part of the development process, and not something performed by a specialized team in a silo.<\/p>\n

Some organizations, especially newcomers to regulated industries, may not even be sure where to start with complex standards like ISO 14971<\/a>, let alone assembling a risk management plan. It\u2019s in these cases you\u2019re more likely to see a development team dig into a risk management framework in the later stages of development, potentially adding rework and cost when schedules and budgets may not allow for either.<\/p>\n

Frost & Sullivan contends Jama Connect is worth a look for all organizations interested in mitigating product risk, as it can \u201cprovide risk management, collaboration, efficiency and regulatory compliance as aspects that strengthen, rather than complicate, each other.\u201d<\/p>\n

Whichever path a company chooses, what Frost & Sullivan make clear is that staying the course with an ineffective risk management process isn\u2019t really an option at all.<\/p>\n

\u201cTeams will otherwise struggle to get their people up to speed, across the globe and across groups,\u201d writes Frost & Sullivan. \u201cA team-based approach\u2026 is the ideal solution in heavily regulated industries.\u201d<\/p>\n

Access the full Frost & Sullivan brief, \u201cSafeguarding Regulated Products Amidst Growing Complexity\u201d by downloading it now<\/a>.<\/strong><\/em><\/p><\/blockquote>\n","protected":false},"excerpt":{"rendered":"

Prominent research and consulting firm Frost & Sullivan recently observed the product development landscape and its relationship to risk. The output is a recently-released brief, \u201cSafeguarding Regulated Products Amidst Growing Complexity,\u201d that spotlights Jama Connect\u2122 as a remedy for ineffective risk analysis in product development.<\/p>\n","protected":false},"author":4,"featured_media":45363,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"inline_featured_image":false,"footnotes":""},"categories":[488],"tags":[76,444,121,445],"industry":[582,581,574,573],"class_list":["post-32827","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-risk-management","tag-bestof2019","tag-risk-analysis","tag-risk-management","tag-risk-management-plan","industry-aerospace-defense","industry-automotive","industry-medical-devices","industry-semiconductors"],"acf":[],"yoast_head":"\nFrost & Sullivan: Jama Connect Improves Risk Management Amid Growing Product Complexity - Jama Software<\/title>\n<meta name=\"description\" content=\"Frost & Sullivan recently observed the product development landscape and found that Jama is a remedy for ineffective risk analysis in product development.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.jamasoftware.com\/blog\/2019\/05\/14\/frost-sullivan-jama-connect-improves-risk-management-amid-growing-product-complexity\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Frost & Sullivan: Jama Connect Improves Risk Management Amid Growing Product Complexity\" \/>\n<meta property=\"og:description\" content=\"Prominent research and consulting firm Frost & Sullivan recently observed the product development landscape and its relationship to risk. 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