How to Achieve Good Governance in Pharmaceutical Projects
In 2016, the FDA approved less than 50% of the drugs from the previous year. This white paper explores why this happened and explains the latest cost models involved in bringing a drug from discovery to the patient. We chronicle the overall challenges that pharmaceutical companies face today before describing some specific project management challenges. We highlight the function of an EPMO (Enterprise Project Management Office) and how it enables organizations to respond quickly to changes by establishing techniques and processes that provide visibility standardization, measurement and process improvement. PPM (portfolio project management) software allows project managers and senior management to more efficiently bring new pharmaceutical products to market, from discovery to R&D to marketing, providing insight, control and competitive edge.