holding this real time data in mind global pharma players are in the lookout
for new alternate techniques to optimize the development life cycle. The course
of NCE drug development and its kinetics towards pharmacological effect on
humans is unpredictable and therefore it is critical to have a realistic expectation
which can then be followed with generic players but here the inherent problems
associated with development are predictable.
In both the development life cycles, there
will be a standard set of procedures to deal with, which can completely help to
bring down the time associated with development process.
Project management, then, is the application of knowledge, skills
and techniques to execute projects effectively and efficiently.3Project
management is one of the toolset which squeezes the entire product development
procedure, from initiation to closing. It plans the entire R&D process
where it executes monitors and evaluates the results.At the same time it
optimizes the scope in to definite timelines which gives complete activities
related to specific milestone. Project management effectively manages the time
with proper control on resources in real time and brings the cross functional
team members together to achieve common goal which significantly helps to drive
the project in a smoother way to pull off and objectives.
project management is widely being introduced into the Pharma field as it is
not only forming an interface in the sector but is also gaining recognition as
one of most important tools required to run the project activities to definite
finish. Project management is gaining popularity widely for the diverse fields
it gets associated with not limiting itself to formulation, analytical,
clinical, bioanalytical but also paving ways in paths associated with supply
chain management, finance, client interactions, marketing strategies, business
aspects etc. In short, a project manager is the owner of a project dealing with
every major and minor detail associated with it.
conclusion the expansion of project management principles and practitioners
within pharmaceutical industries will significantly help to bring down the
development life cycle of drugs. Project management should be viewed as a tool
that helps organizations to execute designated projects effectively and
efficiently. By this fascinated advantages it also creates an ample collection
of jobs to pharma graduates.