Project Management lets you implement your project to meet your specifications, on time, and on budget. Project Management lets you optimize the triple constraints of time, cost, and quality to achieve the successful completion of any pharmaceutical or life science project. PSC Biotech is the right partner for project management!

Globalization has significantly changed how you do business.  You must consider global utility for every project.  You need Project Management with local attention to the details that make your project globally useful.

PSC’s project management experts have a strong track record of delivering projects and offering the best solutions for all kinds of projects in the life science industry. We follow current Good Practice regulations, the Project Management Institute’s Best Practices and ISPE’s Good Practice Guides. Our Project Life Cycle services include project initiation, planning, execution, monitoring and controlling, and closure. Throughout the Life Cycle of a project, our main focus is on delivering our project, on time, on budget, and to specifications.

Let’s consider key Project Management practices in the Life Science Industry.

Project Management Approach for the Pharmaceutical and Life Science Projects

Apply a project management approach that involves skills application, knowledge, tools, and techniques. This helps to achieve the project’s objectives efficiently. Each project has four essential processes:

  • Initiation
  • Planning
  • Execution
  • Control

It is vital to

identify the requirements early during the project,

set achievable targets keeping the cost, quality, scope, and time in mind,

Identify risk and mitigation strategies, and

Involve and gain approval from key stakeholders.

Use of Information Technology

IT is essential to modern Project Management.  Good IT systems enable

  • Efficient and Effective project execution and management
  • Quick decision making on the basis of recent trend/data
  • Market expansion/Increased market access
  • Improving customer service
  • Risk management

Overcoming Key Challenges in Project Management

The pharmaceutical and life sciences industry is heavily regulated across the globe, which makes it challenging to manage Pharmaceuticals and life sciences projects. Professional project management helps to ensure success and to overcome any of the following challenges:

  • Scope identification and management
  • Global project execution and management
  • Cost, timelines, and budget planning
  • Key stakeholder management including the regulatory agencies
  • Quality management
  • Risk management.

Ending Note

Your local project that is now or soon will be a global project is the new reality in the Pharmaceutical and Life Science industry.  Project success means you need to manage locally and think globally.  PSC Biotech is ready to provide you the Project Management Services to help make your project a success.  Contact PSC Biotech at www.biotech.com.