Project Management Best Practices for Biotech R&D: From Concept to Commercialization

The biotech and pharmaceutical industry is typically at the forefront of technological innovation, constantly pushing the boundaries of what is possible in medicine and science. This makes managing research and development (R&D) projects in this sector incredibly complex, especially when these projects involve sophisticated information technology (IT) systems. Ensuring these projects stay on time and within budget requires a strategic approach grounded in proven project management methodologies and best practices. This means focusing on the phase-gate process, tracking the correct milestones, as well as developing good risk management habits.