PEST Analysis and SWOT Analysis on the project rescue case study at the bottom

PEST Analysis and SWOT Analysis on the project rescue case study at the bottom

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PEST AND SWOT Analysis of Project Rescue

Project Rescue uses non-identifying patient vitals related to ventilators to monitor data, which then light up as data is uploaded to the cloud. This project focuses its solution on the COVID-19 pandemic and looks forward to addressing error in the data challenge and the non-existence of real-time information after the spread of the virus. This paper will subject its discussion on the impacts of PEST Analysis and SWOT evaluation on Project Rescue. PEST Analysis generally entails the influences of Political, Economic, Social and Technological bodies on the subject project. SWOT Analysis, on the other hand, discusses the Strengths, Weaknesses, Opportunities, and Threats, which project Rescue will have to the business world.

PEST Analysis

Politically, Project Rescue will address corruption issues from both the government and organizations since the data will only be available for not-for-profits, and Universities thereby not managed by government bodies hence for the benefit of all. It will be free from manipulation from the government since only the chosen firms and universities will access the data. This project will address several economic issues; ventilators will be cost-effective and easily affordable than the current ventilators in the market. Another economic issue addressed is that the ventilators will be easily available outside the ICU unit due to their portable nature (Shtal et al., 2018). The subject project will play a key role in advancing smart cities as well as smart health.

This subject project will also be able to address some social matters globally. One of the issues which will be tackled is the unemployment issue since Connie Stacey (the inventor) has since hired four students from the University of Alberta and the University of Toronto. She also intends to establish a third-party organization compromising of the board of directors and representatives from various organizations globally, thereby offering employment. The creation of these ventilators and making them available to all will help save more lives since many patients will access and afford its services. An increase in the number of these ventilators in an area will increase quick identification of the pandemic within the given area, thereby enabling the initiation of precautionary and elimination measures.

Technologically this project will eliminate human error on data since the machines will do the data analysis. It will also enable the data to be stored in health care machines and not just ventilators for reliability and accessibility purposes. It will also allow various countries to create their equipment, thereby also contributing to technological growth. Another impact, which this project will have technologically, is saving on time by providing real-time data and improving the accuracy levels since the data will be stored in the cloud.

SWOT Analysis

The subject project has several strengths; one of the strengths is its capability to save time by proving real-time data analysis from the cloud. It will also create various opportunities in developing countries by empowering them to create and manufacture their ventilators and equipment, enhancing economic growth in the respective countries. This project will be able to reduce the cost of ventilators significantly; for instance, a ventilator will be sold at $5,000 as opposed to the current $50,000; this is because the project will focus on providing electronics and physical machines which can be built in any environment with some simple guidelines. It will also allow the collection of data faster and quicker than the current ventilators; hence, time effective and accurate and, most importantly, will enable saving lives irrespective of social classes.

As much as this project looks forward to improving the healthcare system, it also has various weaknesses, such as the potential to minimize or block entry of the pharmaceutical industry hence a blow to the subject industry. Its aim of providing pocket-friendly ventilators in the market will greatly impact the existing market, thereby reducing the highly-priced existing ventilators. Alternatively, this project will create countless opportunities; for instance, it has already hired four students from the university with the intention of full-time employment basis. The inventor also plans to establish an organization with directors and a variety of representatives from various organizations (Ortega et al., 2019). Globally it will create employment in less developed countries by creating their machines and equipment.

Just like any other new idea or inventory, this project faces a significant number of threats and risks. One of the threats is bureaucratic interference, whereby governments want to control the project and its activities and power abuses from various authorities. It also faces corruption from both the government and involved organizations; another threat is the failure to get legal protection as an investor and intellectual property rights. This project’s success will also lead to high competition from existing pharmaceuticals and face challenges from the extremely low ventilator prices in the market.

Lack of transparency and accountability in various organizations and settings is another major threat that the project is likely to face, thereby affecting its key role in providing accurate data analysis (Xue-Bin et al., 2020).  On the other hand, variance in practicing prices and controls from various countries will also be a key challenge since it might end up a little bit expensive within a given number of countries and relatively less expensive in a given number of countries, thereby making it inaccessible to many people as planned.

Conclusion

Project Rescue is a lifesaving inventory that requires all stakeholders’ cooperation, from the top government officials to the common citizen. This will help the globe move several miles ahead with respect to provision of affordable and easily accessible healthcare services as well as handling of patients with breathing problems is concerned. The invention of this type of ventilator calls for a joint effort and support from various governments in order to help tackle the pandemic at the ICU level. The globe is looking at an invention with the potential to solve 75% of Covid 19 patients’ challenges.

References

Ortega-García, J. A., Tellerías, L., Ferrís-Tortajada, J., Boldo, E., Campillo-López, F., van den Hazel, P., … & Farias-Guardia, C. (2019). Threats, challenges and opportunities for paediatric environmental health in Europe, Latin America and the Caribbean. Anales de Pediatría (English Edition), 90(2), 124-e1.

Pokrywka, F. J. (2016). Pandemic Planning: Are Universities Really Prepared? (Doctoral dissertation, University of Pittsburgh).

Shtal, T., Buriak, M., Ukubassova, G., Amirbekuly, Y., Toiboldinova, Z., & Tlegen, T. (2018). Methods of analysis of the external environment of business activities.

Xue-Bin, C., An, Z., Li, T. Q., Duan, J., Song, D. J., Lin, Y., … & Yan, D. (2020). A Research of self-help ventilator Sharing based on Internet of Things in Hospital.