Titan Medical Inc (TMDIF)

[66Mustang]

My point was merely that this type of "delay" is completely normal, regardless of how well funded a company is. Program Managers put together a schedule based on how long it should reasonably take to accomplish the requisite series of tasks, taking dependencies into account. It is entirely predictive in nature, but especially when considering competitive bids for outsourced development efforts, a company is often inclined to go with the quickest schedule. That quickest schedule is also going to be most prone to delays, often overlooking some steps in the process in order to get the contract. Even in-house development efforts don't always plan for the technological "gotchas" which can arise. It is rare for a project of this scope and magnitude to be able to remain on schedule, and when it does, it often means the schedule had too much of a fudge factor built in up front (which can be interpreted as incompetence in estimating the schedule requirements).