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Digg It - Time Tracking
Time tracking is the act of recording the amount of time spent on each activity in a day. Typically, time sheets a
According to USFDA, a combination product is one composed of any combination of a drug and device; biological product and device; drug and biological product
re used for time tracking. A conventional and simple time sheet lists the start and end time of tasks or the durat
; or drug, device, and biological product and fixed dose combination would include two or more combinations of drug.
Examples of combination products may in
Examples of combination products may in
on of each task. It can also have a more detailed breakdown of the various tasks done, as well as the results obta
lude drug-coated devices, drugs packaged with delivery devices in medical kits, and drugs and devices packaged separately but intended to be used together.
ned from each of these tasks. Traditionally, time sheets were designed to keep track of the employees’ time manage
here is enormous increase in the number of combination products entering the market in the recent years. Combination products have proven advantages but fixe
ent, in order to determine their productivity. Time cards or punch cards are the most basic form of time tracking
d dose combinations are still in the process of convincing regulatory authority on their advantages over the single ingredient formulations.
Combination pro
Combination pro
rograms.
Time tracking is very beneficial for businesses. Time sheets can also be used to track other things like
Time tracking is very beneficial for businesses. Time sheets can also be used to track other things like
ucts have become life saving products for the pharmaceutical companies who doesn’t have many innovative molecules in their product pipeline and have been inc
billing, payroll, project cost and estimation, and others that are very beneficial for management. There are sever
easingly used in the product life cycle management. Even the companies having product patents are trying to extend their product life cycle through the combi
l direct advantages of time tracking: make payroll processing easier by tracking the exact hours an employee worke
nation products and maximize the revenues. But the companies involved in this practice are overlooking that they are burdening the patients both economically
, increase revenues by correct invoicing, and make database management easier. It also helps the user to determine
and physically. They need to rightly judge the benefits of the combination products and they have to even look at the risks involved when combining the produ
exactly what went wrong with a project. There are also some disadvantages of time tracking: employees do not appre
ts. Some of the combination products were well accepted by physicians while others suffered. Companies involved in development of combination products are fi
iate it they feel too much pressure for showing results for every minute; or the information may not be used prope
ding difficulty in defining their combination products and facing various challenges from selecting a combination to marketing it.
Following aspects would a
Following aspects would a
ly. Time tracking is especially beneficial for attorneys, writers, programmers, self-employed professionals, consu
dd to the challenges in developing combination products:
Which markets to tap where the combination products can do fairly well?
Which combination prod
Which markets to tap where the combination products can do fairly well?
Which combination prod
tants, contractors, artists and other professionals who do not work as per scheduled timings.
There are sophistic
There are sophistic
cts are meaningful and rational?
Which therapeutic categories to select?
Which Combinations can address unmet needs of the patients?
Do combin
Which therapeutic categories to select?
Which Combinations can address unmet needs of the patients?
Do combin
ted time-tracking programs and software packages available today. These software packages are very easy to install
tions increase the patient compliance?
What would be the developing cost?
How to tackle the risks encountered during combination product developmen
What would be the developing cost?
How to tackle the risks encountered during combination product developmen
and use, and they can be used in any environment. They can also be custom-designed to suit all kinds of requireme
t?
As combination products don't fit into the traditional categories of drugs, medical devices, or biological products, the USFDA is in the process of devel
As combination products don't fit into the traditional categories of drugs, medical devices, or biological products, the USFDA is in the process of devel
ts. Some time tracking software also contains other functions like invoicing, billing, expenses tracking, project
ping new procedures for reviewing their safety, efficacy and quality.
Professional from academic institutions, pharmaceutical industries, health care indust
Professional from academic institutions, pharmaceutical industries, health care indust
anagement and other applications. Some of these are offered as freeware, while others have to be purchased. Stand
y and representatives from various regulatory agencies are working out to design the regulatory requirements for manufacture and sale of combination products
rd time tracking software costs around $100 for a single user and $1,200 for a 10-user program. However, prices va
.
As there is an increasing trend of the combination products companies manufacturing such products should be able to tackle the problems involved in the de
As there is an increasing trend of the combination products companies manufacturing such products should be able to tackle the problems involved in the de
y significantly depending on the program. TimeWhiz, Timesheet, Titrax, Hours, Seconds Count, AllTime, PicoTrack, S
elopment. They need to be wiser in analyzing the market trends and the regulatory requirements.
Companies that provide selfless information through particip
Companies that provide selfless information through particip
andard Time, Doing, SDS Time, and TimeMate are some of the popular time tracking software packages available today
tion in industry events and feedback to regulatory authorities would be able to face the challenges and will be successful in developing combination products
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