High Blood Pressure Testing Device Business Case Paper The assignment is based on my case about HBP. The form is the same as Word Business Case Template.

High Blood Pressure Testing Device Business Case Paper The assignment is based on my case about HBP.

The form is the same as Word Business Case Template.

Some of the sections are already done.

Using the guidelines in the attached Word Business Case Template, and the ABC MedTech Business Case Example，

Identify the people, technology, equipment, space and other assets required to conduct program activities and accomplish expected effects or desired results. Accountability for the management and use of resources, which may also be called ‘inputs’, is also an important element for this deliverable.

There is no page limit or formatting restrictions, except that the finished document needs to be professional in appearance and readable in content.

My case (about HBP):

https://drive.google.com/open?id=1whoTe20X1lC1VBa7… HIGH BLOOD PRESSURE
(HBP) TESTING DEVICE
Business Case
Originator: Chen Yang
[05/03/2019]
Table of Content
1.1 Executive Summary ………………………………………………………………………………………………………….. 2
2.1 Business Need—Opportunity/Problem Statement …………………………………………………………………. 3
2.2 business need- clinical and business objectives …………………………………………………………………….. 4
3.1 Project overview ………………………………………………………………………………………………………………. 5
3.2 critical assumptions and constraints …………………………………………………………………………………….. 7
4.1 Schedule ………………………………………………………………………………………………………………………….. 8
5.1 Impact …………………………………………………………………………………………………………………………….. 9
6.1 Risks……………………………………………………………………………………………………………………………… 10
1.1 Executive Summary
The health care sector is very volatile and faced with several issues. The issues such as
overcrowding hospitals, few medical providers, and expensive medical services, have made
delivery of quality health care strenuous and challenging more so, in common diseases and
ailments. Examples of such ailments are stroke, heart attack, diabetes, and high blood
pressure. At the same time, high cases of disparities have also been witnessed in the manner
in which services such as measurement of blood pressure are given. We are offering a
revolutionary high blood pressure (HBP) testing device, portable and convenient in nature,
which could be utilized to assess the blood pressure at any location and at any time. The new
HBP test kit is designed for portability and convenience, engineered to fit in the user’s pocket
to ensure that it can be conveniently ferried around. The device will be commercialized at a
reasonable price, to favor the acquisition by a large number of consumers, primarily due to its
affordability.
2.1 Business Need—Opportunity/Problem Statement
Based on the challenges affecting healthcare in the country and all over the world, several
people are unable to access crucial medical services and this has resulted in grave
consequences such as severe ailments and even death. The main issue is the economic status
where we have the majority being poor, some in the middle class and a minute percentage
being rich. In most occasions, the issue has been on how to identify and help the really, needy
people who cannot afford essential and quality health care services. High blood pressure is an
example of these services.
The HBP kit is generally designed for utility by everyone and the price of the device is
economic. It targets the people with chronic problems, such as diabetes and stroke, who need
to regularly monitor their blood pressure, the primary consumers of the HBP test are the
elderly users faced with old age health problems such as obesity, alcoholics and heavy
smokers among others. Moreover, the kit also targets expectant mothers and other individuals
prone to the issues surrounding the escalation of the blood pressure. The test kit will be able
to replace the clinical machine which is sometimes unreliable and costly.
2.2 business need- clinical and business objectives
This project is affiliated with five strategic aims and goals for growth and customer
gratification.
•
To make the HPB kits the number one rated kits of each of the demographic primary
consumers, the elderly, drinkers, smokers, and those who lead sedentary lifestyles.
•
To create portable high blood pressure kits for the primary target consumers hence
easing the burden of searching and paying a medical facility for such a menial task.
•
To make an HBP kit affordable to all targeted primary consumers including the poor
and the elderly who are under the low pension.
•
To become the largest manufacturers of the kits and supply the HPB kits globally and
hence making the company part of the international market.
•
To expand the company by increasing the workforce by the creation of seven hundred
jobs each year especially in the manufacturing, sales, and advertisement of the HPB
kits, and expanding abroad by opening branches in two new countries each year.
3.1 Project overview
The new HBP test kit is designed for portability and convenience and engineered to fit in the
user’s pocket to ensure that it can be ferried around. The device will be commercialized at a
reasonable price, to favor the acquisition by a large number of consumers, primarily due to its
affordability. The HBP test kit provides the following proposed values:
•
The digital kit can be connected to a computer and the readings printed or emailed to
the doctor. This is crucial to the buyer since it will enable him or her to personally
evaluate the current blood pressure and take the necessary health measures if
necessary. Therefore the kit will be a device that ensures timely action by the patients
as they can easily share their results with their physicians. It has a user-friendly
manual that can be interpreted by all the primary consumers.
•
The convenience of the test kit ensures that the patent can make the blood pressure
readings without delays, in any location at any time and attain the readings from
which he or she can take necessary action. Such convenience reduces care
dependency and also improves health self-care among users. Those who suffer from
the white coat syndrome or any phobia that prevents them from seeking medical
advice can perform the tests by themselves as the kit, compared to the hospital
machine, can be adjusted by one arm.
•
The device will enable cleave the incidences of deaths resulting from the occurrence
of chronic escalation of blood pressure and possible delays in remedying the situation.
In addition, the kit has higher oscillometric accuracy hence can detect masked
hypertension which may pass the out-patient clinical machine.
•
The users will be able to use the devices to monitor their blood pressure levels not
only when sick but also when healthy. The kit is built with a powerful rechargeable
battery meant to last a long time hence ensuring domiciliary self-measurement which
will give a patient detailed profile over that period. Such convenience will ensure
timely attainment of the medical services. Also, new research suggests that those who
monitor their blood pressure regularly are more likely to regulate their lifestyle hence
reducing the risk of heart attack and stroke.
3.2 critical assumptions and constraints
•
The blood pressure kits will use the oscillometric detections which have the following
constraints:
•
The test cannot be performed if the patient is moving, for example, shivering, having
convulsions or seizures.
•
Measurements will be unreliable for patients who have cardiac arrhythmia due to
irregular heartbeats. Also, if the heart beats too fast or too slow, the reading will be
inaccurate.
•
The test cannot be performed to patients who have a severe shock or having
hypothermia due to weak pulses.
•
For those who lead sedentary lifestyles, the kit may not work for them if they have
thick layers of fat, especially underneath the skin as the fat will have a damping effect
on the signal.
4.1 Schedule
HBP Testing Device Work Breakdown Structure
Project Start Date:
Milestone Description
HBP Metrics
Development
Incorporating old
working format
Setting up of
device tasks
Building a
prototype
Preparation for
the device
Creation of small
tasks checkup
5/8/2019
Scrolling Increment:
0
Milestone Marker:
1
Column1
May
Progress
Start
No. Days
25%
5/11/2019
3
50%
5/16/2019
1
50%
5/8/2019
10
25%
5/31/2019
1
10%
5/17/2019
6
60%
5/17/2019
13
50%
5/18/2019
9
33%
5/26/2019
11
27%
6/4/2019
1
33%
6/5/2019
24
62%
5/26/2019
4
45%
5/30/2019
14
45%
6/15/2019
6
52%
6/28/2019
3
49%
6/20/2019
19
72%
6/17/2019
15
80%
6/9/2019
5
89%
7/30/2019
5
37%
8/8/2019
7
95%
8/8/2019
2
Putting up basics
Purchases
Logistics
Budget checks
Bills settling
Miscellaneous
Measurement
Categories
Normal blood
pressure
Elevated blood
pressure
Stage 1
hypertension
Stage 2
hypertension
Gateways
HBP Device Final
Customization
options
Contact details
capture
Patient history
Current analysis
metrics
Results stage
June
8
9
10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31
1
2
3
4
5
6
7
8
9
10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30
1
2
W
T
F
S
S
M
T
W
T
F
S
S
M
M
T
S
S
M
T
W
T
F
S
S
M
T
W
T
F
S
S
M
T
W
T
F
T
W
T
F
S
S
M
T
W
T
F
S
S
M
T
W
T
F
S
S
5.1 Impact
As always, innovations bring advantages and disadvantages to the market where
competition causes a disadvantage to the already existing ways of testing HBP while the new
ways of doing the tests bring liberty to the users. However, upon such an implementation, the
benefits matter most to users than cons. Healthcare facilities experience long queues for
checkup patients and normal tests to healthy people that need to know the status of their
health.
⚫
The device will reduce the long queues where most of the tests will be done from home
and critical results can require professional advice.
⚫
Apart from the reduction of long queues in healthcare facilities and institutions,
awareness can be created to the public about the severe effects of ignorance to simple
symptoms of HBP where a majority can adopt the way of testing regularly and visiting
professionals on cases that require expert attention.
⚫
However, the recommendations issued by the device can help to monitor and regulate
diet to improve ways of preventing HBP. A great economy can be built with healthy
people not suffering or admitted in hospitals.
6.1 Risks
The alternative testing method to the HBP test kit system would necessitate the
visitation of health premises in order to obtain the required blood pressure readings through a
specialized machine. However, in order to create such a machine, the innovators would have
to engage so much craft and finances, to upgrade the current sphygmomanometer which
would necessitate sponsorship. Moreover, the creators are required to be creative and well
conversant with the of the current blood testing devices, in order to build an improved kind.
[DOCUMENT TITLE]
Business Case
Originator: [name]
[Date]
How to Use This Document
The following template will help you craft your business case narrative. Replace the instructions with
your own information.
To see an example of a business case rendered in Word, open the ABC MedTech Case (PDF).
TABLE OF CONTENTS
Purpose: Communicate to your audience what to expect from your document.
• List each section of your presentation.
1.1 Executive Summary
Purpose: Grab your audience’s attention by telling the story of your business case.
• Briefly state the problem or opportunity.
• Describe how you plan to address it. You might describe one option or include up to three,
depending on your stakeholders’ preferences.
• If you’re presenting more than one option, make clear which one you think is the most viable.
1
2.1 Business Need—Opportunity/Problem Statement
Purpose: Establish a sense of urgency for the opportunity or solution.
• Projects are initiated to solve problems or take advantage of opportunities. Describe why you’re
proposing the project—what is the business need?
• Articulate your understanding of the underlying issue using data and analysis. If your
stakeholders don’t understand or don’t agree with your articulation of the problem, they’re going
to take issue with everything else in your business case. See the ABC MedTech Case and the
XYZ Energy Case for examples of a business need analysis.
• Share data that conveys urgency.
2.2 Business Need—Clinical and/or Business Objective
Purpose: Explain how the project is connected to your/the company’s objectives.
• Explicitly connect the need to the company’s strategic goals or mission.
• What is the desired measurable outcome of this project? What outputs are required to achieve this
outcome?
• Whenever possible, list specific concrete (SMART) goals.
• Describe the situation in enough detail that it is clear to the reader why the project objective(s) are
desirable.
3.1 Project Overview
Purpose: Help stakeholders understand the scope of your proposed project.
• Provide a high-level description of the solution(s).
• If it’s a new product or an upgrade to an existing product, lay out the general concept, and explain how
it fits in with existing offerings.
• For a productivity initiative (such as an IT project that allows a customer to handle a situation faster),
specify which business processes it will affect, and which costs it will eliminate or reduce.
• If you’re including more than one option, highlight key differences so that stakeholders can quickly
compare. You should include a brief overview of the substitutes or alternatives that were considered
that could have also addressed the need, and why your recommended solution is better.
3.2 Critical Assumptions and Constraints
• Assumptions are those things that you believe are true today. They are not things you wish were true
or hope are true. They must be based on sound reasoning or judgment.
• Constraints are those things that constrain the project or hold it back. Most projects are constrained by
time, money, and people, but you can also have other constraints such as facilities, equipment, strict
quality requirements, government regulations, etc.
2
4.1 Schedule
Purpose: Lay out a high-level plan for implementing the project
• Explain how long the project will take (quarters or even years) and list all key milestones or major
deliverables.
• Be sure to include all deliverables from the Work Breakdown Structure (WBS)
• There are almost always risks to a project schedule. You can include them in your “Risks” section.
4.2 Team
Purpose: Identify the team required to make the project a success.
• List the total number of necessary full-time equivalent employees (FTEs) and core team members
(by function). Convert part-time employees’ time to full-time equivalents (~40 hours/week=full-time)
• Include subject matter experts (SMEs) who will need to contribute to the project.
4.3 Other Resources
Purpose: Identify all material resources the project will need.
• Explain all resources required—technology, equipment, facilities—required for the project.
• Outline any special resources required—such as access to locations, etc.
• Whenever possible, include how long you’ll need the resources for (and be sure to account for any
costs in your calculations).
3
5.1 Impact
Purpose: Highlight the benefits of the project.
• Describe the benefits. Benefits mainly consist of revenue and productivity savings (benefits you’ll
achieve through greater efficiency) but may also be from cost avoidance (such as decreased
healthcare costs).
• In this section, you only present the benefits. You’ll address costs below.
• Do not only include benefits that you can quantify. Define the impact as precisely as you can (customer,
value proposition, lack of substitutes/alternatives). You may mention intangible benefits, such as
improved morale or increased customer satisfaction, but stakeholders will want to know the monetary
impact, too.
• Be clear about where these numbers come from—did you get them from secondary research or primary
research? State the source. Stakeholders care about the sources for these assumptions and are more
likely to trust your numbers if the information comes from people/organizations they trust.
6.1 Risks
Purpose: Highlight the key risks to the project.
• Explain what might not go as planned—whether positive or negative. Most people focus on threats
(e.g., What if the vendor doesn’t deliver on time? What if the cost of raw materials goes through the
roof?). But you need to consider opportunities as well (How can you get a faster payback? Can you
complete the project sooner?).
• Identify the likelihood of the risks: high, moderate, low.
• If there are no major risks, say so. But make clear that you’ve thought through the possibilities!
• The primary risks you’ll want to consider are to costs and schedule. But you may also want to think
about the following:
Personnel: What if the person running this project leaves the company? What if you don’t get all the
team members you requested?
Technology: What if you encounter bugs when testing? What if employees struggle to adapt to the
new system?
Scope: What if the project needs to include more (or fewer) geographic regions, employees, or
customers? What if the stakeholders change requirements?
Quality/performance: What if the product doesn’t perform as you expect it to—for better or worse?
What if quality suffers because of a tight schedule?
7.1 Budget
Purpose: Lay out the financials of your project.
• High level funding requirements, that may include a year-by-year overview and Return on Investment
(ROI).
• If a financial analysis was performed (NPV, IRR, etc) (not common on purely clinical projects), the
method used should be described briefly along with a summation of the results
• Include the total costs and benefits of your project. It’s not necessary to go into detail on specific figures
unless there are unusual expenses that require explanation.
4
• Include your calculations. The more results you provide, the better your stakeholders will understand
the value of your project relative to others they are considering.
7.2 Budget Narrative
Purpose: Address specific line-item details from budget form
• Include a narrative with the financial information: show calculations, assumptions, etc.
• Consistent with the program narrative (staffing plan, project activities)
• Identify any in-kind contributions
5
SMARTER THAN THE AVERAGE GUIDE
HBR Guide +
Tools for
Building Your
Business Case
ABC MedTech Case
How to Use This Document
While every company handles business case reviews differently—and
you’ll want to follow your organization’s process—the following example
will show you one well-wrought case in Word.
Once you’ve reviewed this example, go to the Word Business Case
Template to begin crafting a case customized with your information.
If your company requires a slide deck presentation, see the XYZ Energy
Case for an example rendered in PowerPoint.
This example is for a medical device upgrade project, but the format and
flow of information may be applicable to a business case for any type of
project. Your case may follow this format closely, or you may decide to
modify, add, or delete sections.
Upgrading a medical device is, of course, a complex project, but you’ll
see that this case does not go into great technical detail. This is true of
most strong business cases—while they may cover complicated issues
and solutions, the cases themselves are straightforward and easy to
understand.
With each section, you’ll find specific directions and references to the
HBR Guide to Building Your Business Case.
Product #16980E
Copyright © 2013 Harvard Business School Publishing. All rights reserved
ABC MedTech Case
1
TABLE OF CONTENTS
ABC MEDTECH
CASE
Originator: Alan Adams
April 20, 2012
TABLE OF CONTENTS
1.1 Executive Summary
2.1 Business Need—Opportunity Statement
2.2 Business Need—Fit with Strategy
3.1 Project Overview
4.1 Schedule
4.2 Team
4.3 Other Resourc…
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