Project Portfolio Management Software for Life Sciences
CapEx & Cashflow Management
Track costs in large OpEx and CapEx projects with precision. Minimize waste and reduce budget deviations and EAC variations by integrating financial oversight into every stage. Ensure real-time visibility into planned versus actual costs, improving decision-making and financial predictability with EAC forecasting.
Portfolio Management and Planning
Optimize portfolio selection in life sciences project management with data-driven insights. Run multiple what-if scenarios to evaluate risks, opportunities, and resource allocation. Prioritize projects based on strategic objectives, ensuring alignment with corporate goals and improving investment decision-making across programs.
Project Intake and Ideation
Systematically evaluate new ideas using configurable templates and stage gates. Align project selection with business strategy through scenario comparison tools. Standardized the project intake processes in life sciences project management ensure only high-value initiatives move forward, improving innovation pipelines and accelerating time-to-market.
Governance and Compliance
Maintain strict regulatory compliance with a centralized governance framework. Stage gates provide structured checkpoints, ensuring projects progress through approved methodologies. Audit trails, reporting, and risk identification enable full visibility for both internal oversight and external regulatory reviews.
Supplier Management
Evaluate, onboard, and manage life sciences suppliers with a subcontractor portal. Track contracts, payments, and material deliveries in real time. Supply Chain Sync aligns procurement with project timelines, reducing delays, mitigating risks, and ensuring uninterrupted development and production.
Early Warning System
Prevent budget overruns with automated checks and real-time alerts. Change orders and risk adjustments are integrated with schedules, providing early insights into potential financial risks. An early warning system enable swift project recovery, allowing teams to course correct, protect margins, and maintain delivery timelines.
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Additional Capabilities
Risks and Issues
Capture, track, and mitigate risks through a structured framework. Assign ownership, define action plans, and link risks to schedules and costs. Heat-mapped visualizations and portfolio-level roll-ups provide comprehensive risk oversight, supporting better-informed decision-making.
Timesheets and Expenses
Track actual hours worked against planned and unplanned tasks. Consolidate R&D working time to align with grant claims, with full audit tracking. Integrated expense tracking allows project managers to monitor related costs accurately. Approval workflows ensure transparency, enabling compliance with financial reporting and contractual obligations.
Integrated Schedule
Establish a structured sequence of work phases, leading to key milestones, events, and objectives. Link all authorized work to organizational elements, including subcontractors, ensuring alignment with the Work Breakdown Structure (WBS) and financial forecasting.
Workforce Planning
Ensure the right talent is available and optimally deployed in life sciences and medical devices project management and. Strategic workforce planning aligns staffing with project demands, reducing resource bottlenecks and improving productivity. Gain visibility into skills gaps and long-term resourcing needs to support continuous project success through interactive dashboards and scenario planning.
Data Consolidation
Standardize data structures across divisions, strategies and therapeutic areas. Automatically consolidate and rollup data to provide divisional insights for senior stakeholders, ensuring enterprise-wide visibility. Configurable hierarchies allow seamless adaptation to organizational changes, maintaining alignment with evolving business needs.
AI-ready Project Data
Ensure data is structured, high-quality, and optimized for AI-driven insights. Enable predictive analytics to enhance decision-making, improve forecasting, and drive efficiencies. AI-ready datasets provide real-time intelligence for life sciences project management and medical device innovation, supporting strategic initiatives and long-term planning.
The Value Cora Generates
Million
“Reduction in cost overruns in 8 months”
Million
“Increase in planned savings annually”
%
“Increase in net profit on projects” (representing $Ms in savings)
Curious to See How Cora Works?
The Cora platform has a choice of software solutions for biopharma and life sciences.
What Our Clients Say
‘We’ve got the same technology across sister organizations. This allows us share information among all our groups faster. This adds huge value. It removes layers of bureaucracy.’
– Patti Viri-Cruz, Director, PT Portfolio, Genentech
Latest Life Sciences Insights
Life Sciences Project Management Software FAQs
How does Cora help life sciences companies accelerate time to market for new drugs and medical devices?
With integrated stage gates, project intake management, and what-if portfolio planning, organizations can efficiently prioritize projects, mitigate risks, and reduce delays, ensuring faster and more cost-effective product delivery.
How does Cora support regulatory compliance and audit readiness in the life sciences industry?
Cora offers comprehensive audit trails, real-time tracking of project milestones, and C-level dashboards for instant scrutiny, ensuring that all project activities align with regulatory requirements and are fully auditable for internal and external review.
How can Cora improve financial control and cost management for pharmaceutical R&D and manufacturing projects?
Cora tracks cost changes in real time, minimizing budget deviations, and optimizing resource allocation. Its portfolio management, early warning system, and integrated expense tracking ensure financial predictability, proactive risk management, and improved profitability.