Use At Least 400-600 Words And Cite Supporting Materials

Use At Least 400 600 Words And Cite All Supporting Materials Used Usi

In this assignment, I selected a project demonstrating a digital healthcare solution that integrates information systems for improved patient care and operational efficiency. The video I reviewed is titled "AI-Powered Telehealth Platform Transforming Virtual Care," available at https://www.healthtech.com/ai-telehealth-platform. This project involves deploying an artificial intelligence-enabled telehealth platform designed to facilitate remote consultations, diagnostics, and patient monitoring. The platform features real-time video consultations, AI-driven symptom assessment, electronic health record (EHR) integration, and predictive analytics for patient health management. The project aims to improve healthcare delivery by increasing access, reducing wait times, and enhancing clinical decision-making.

The targeted markets for this project include primary care providers, specialists, and chronic disease management programs across urban and rural settings. The key users are healthcare practitioners and patients seeking convenient, timely medical care without physical clinic visits. The clinical content encompasses telemedicine consultations, AI-based diagnostic suggestions, and patient monitoring through wearable devices. The business value lies in improved patient outcomes, cost savings through reduced hospital visits, and expanded market reach for healthcare providers (Garrido et al., 2020). By enabling scalable and efficient care delivery, this project represents a significant innovation in digital health solutions, fostering value-based care models and health system resilience.

Schedule Management

B1: Define Schedule management: Schedule management involves the processes required to complete the project within the approved timeframe. It encompasses planning, developing, executing, controlling, and monitoring project schedules to ensure timely delivery of project objectives (PMI, 2017).

B2: Name (Schedule management) Component # 1: Critical Path Method (CPM)

B3: Why Component # 1 is important? Explain/Justify: The Critical Path Method is vital because it identifies the sequence of essential tasks that determine the project's shortest completion time. Understanding the critical path helps project managers allocate resources effectively, prioritize tasks, and prevent delays that could cascade into project overruns. For example, in the telehealth project, implementing core AI algorithms and platform integration tasks on the critical path ensures the delivery schedule remains intact (Hochstein et al., 2018).

B4: Name (Schedule management) Component # 2: Gantt Chart

B5: Why Component # 2 is important? Explain/Justify: The Gantt chart provides a visual timeline of project activities, their durations, and dependencies. It facilitates communication among team members, stakeholder engagement, and progress tracking. For the telehealth project, Gantt charts enable the project owner to monitor milestones such as prototype development, user testing, and deployment phases, ensuring the schedule remains aligned with project goals (Kerzner, 2017).

Cost Management

C1: Define Cost management: Cost management involves planning, estimating, budgeting, funding, managing, and controlling project costs to complete the project within the approved budget. It aims to prevent cost overruns and ensure resource efficiency (PMI, 2017).

C2: Name (cost management) Component # 1: Cost Estimation

C3: Why Component # 1 is important? Explain/Justify: Cost estimation is crucial for budgeting and financial planning. Accurate estimates allow project managers to allocate funds appropriately, identify funding gaps early, and negotiate with stakeholders. In the telehealth project, estimating costs for software development, hardware procurement, and training ensures realistic financial planning (Janssen et al., 2020).

C4: Name (cost management) Component # 2: Cost Control

C5: Why Component # 2 is important? Explain/Justify: Cost control involves monitoring project expenditures against the budget and implementing corrective actions when necessary. It safeguards the project from scope creep and ensures financial sustainability. For the telehealth platform, ongoing tracking of development costs and operational expenses helps maintain fiscal discipline and project viability (Walker & Rowlinson, 2019).

References

  • Garrido, M. J., Illescas, J., & Sainz, A. (2020). Digital health and telemedicine: Opportunities and challenges. Journal of Medical Systems, 44(5), 85. https://doi.org/10.1007/s10916-020-1530-4
  • Hochstein, A., Arteaga, H., & Saldaña, A. (2018). Critical path method in healthcare project management. International Journal of Project Management, 36(2), 282–296. https://doi.org/10.1016/j.ijproman.2017.11.002
  • Janssen, M., Van der Voort, H., & Estevez, E. (2020). agile innovation in healthcare: Aligning project management and strategic goals. Journal of Innovation Management, 8(1), 56–72. https://doi.org/10.24840/2183-0606_008.001_0005
  • Kerzner, H. (2017). Project management: A systems approach to planning, scheduling, and controlling (12th ed.). Wiley.
  • PMI. (2017). A Guide to the Project Management Body of Knowledge (PMBOK® Guide) (6th ed.). Project Management Institute.
  • Walker, A., & Rowlinson, S. (2019). Cost management strategies in healthcare projects. International Journal of Project Management, 37(5), 675–686. https://doi.org/10.1016/j.ijproman.2019.02.005

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