Strategy Solutions
Portfolio and Product Pipeline Management
Where your company invests its resources (budget, people, etc), ultimately defines its strategy. The possibilities are many and the decisions are difficult. Pharmaceutical, biotech and medical device companies that take project selection, prioritization and data-driven decision making to heart, typically have fewer active development projects in their pipeline at any given time, but deliver more successful products out to market than their competitors who lack the same rigor in governing their project pipeline.
Considering the long development cycles within the pharmaceutical, biotech and medical device industries, how effectively your company manages its investments, including allocation of resources, against known and emerging global market trends and needs, is the single most important factor in defining its ability to be competitive for the longer term. It’s vital that effective and comprehensive processes are in place to ensure that the right decisions can be made for optimal benefit to the company and its goals.
AfR can help:
- Define what is most important for you to put in place to immediately improve your project portfolio management, and ensure that your management team is making decisions that are data-based and aligned with your business objectives.
- Maximize your portfolio’s value by instilling a process that ensures a balanced approach to allocating resources.
- Develop a rigorous review and project evaluation process that asks the right questions to maximize your ability to make the right trade-offs.
- Provide a basis for continued investment decisions during development (also see Gate Process Implementation).
AfR Focus:
- Portfolio Management links your company’s strategy and execution by considering the finite availability of its resources in a manner that optimizes their use against current and future opportunities. Portfolio management is concerned with selecting the right projects and making strategic choices and trade-offs to create a balanced approach to achieving the short- and long-term goals of your company.
- Pipeline Management, a component of overall portfolio management, is concerned with optimizing the execution of approved projects through a dynamic and efficient project oversight that enables rapid execution, removes obstacles, and addresses tactical trade-offs.
- Resource Management, when aligned with priorities established through project portfolio prioritization, ensures that the right resources are allocated to the right projects when they are needed.
