Resource Management

The Imperative of Resource Demand Forecasting in the Pharmaceutical Industry 

In the ever-changing world of the pharmaceutical industry, effective and nimble management of resources is imperative. One of the key components of resource management is demand forecasting. Demand forecasting is the process of predicting the future demand for resources within a company. This can be by role, project, study, function, geography, etc. The key is […]

Top 10 Reasons to Implement a Resource Management Tool

To optimize productivity, minimize costs, and drive business growth, having the right tools in place is crucial. That’s where a resource management tool comes in. In this article, we present the top 10 compelling reasons to invest in a resource management tool and empower your organization to reach new heights of efficiency and profitability.  Resource […]

What is Resource Management?

Resource management is the process of planning, scheduling, and allocating resources to complete a project or meet business objectives within a specific timeframe. Resources encompass everything required for project tasks, including time, raw materials, human resources, machinery and equipment, financial resources, information, and data. Effective resource management maximizes effectiveness, cuts costs, prevents conflicts, and facilitates […]

Utilize Resource Management to Reduce the Drug Development Life Cycle

Young girl getting flu shot from a healthcare professional

In today’s rapidly evolving healthcare landscape, pharmaceutical companies face immense pressure to deliver innovative treatments to patients faster than ever before. The demand for groundbreaking treatments has never been higher, and the pressure to deliver these life-saving therapies quickly is paramount. To navigate this challenging environment, pharmaceutical companies must excel in resource management strategies. By […]

How Resource Management Can Help Boost Morale

Groupe of diverse business people

Resource management is the process of managing resources, such as people, money, materials, and time, to ensure that they are used efficiently and effectively to achieve organizational goals. It encompasses planning, organizing, controlling, and closely monitoring resource utilization to achieve the highest level of efficiency and effectiveness. Resource management, also referred to as resource capacity […]

Six Aspects of a Modern Resource Management Tool

The opinions on resource and portfolio management are so diverse, and it’s been this way for years, if not decades.  The opinions range from resource management geeks who use every term in the book from attrition to forecasting to algorithms to my favorite fungible resources. Makes it sound like our resources are mushrooms…a fungus. There […]

A Business Case On Why You Need Resource Management Now

Are you a functional manager or department head who is struggling to keep straight what your people are doing, who has free time, and who’s overworked?  Or are you trying to make sure that all your projects have the proper coverage necessary to get everything done on time, so you don’t get an unpleasant visit […]

Have Resource Management Tools Evolved with the Pharmaceutical Industry?

Twenty years ago, I worked for a top 10 pharmaceutical company implementing an enterprise project management tool to help a resource forecasting and capacity managment across R&D.  At that time, pharma executives and managers were being asked to not only focus on the science but also to “run R&D like a business”.  Back then we […]

Intrinsic – Demand Projections

Pharmaceutical and R&D businesses are driven by projects. Some are clinical trials or drug programs, while others are more operational in nature (such as process improvement). Regardless, managing resource demand to ensure proper staffing for these projects is crucial.  Without the ability to project resource demands and manage gaps in capacity, companies risk making poor […]

Common Data Problems: Lack of Visibility, Tracking and Measurement

In the pharma industry, we see the same problem over and over again. That problem is massive amounts of data, stored in different formats and locations, which people are unaware exists. A great first step to solving these data problems is using document libraries in SharePoint with metadata fields to store documents/files. Identifying and tagging […]