Pharmacy Courses

Project Management in Pharmaceutical Industry



A project is a series of tasks that need to be completed to reach a desired outcome with careful planning to keep the project on track and on budget. It is possible with proper project management activities.

Project Management

Project management is the application of knowledge, skills, tools and techniques to meet the project requirements and achieved the desired outcome. It is valuable to business because it helps to ensure that a project delivers the expected outcome, both on time and within budget.

Nowadays, more and more companies are starting to understand how project management can save lots of money and time. Where poor project management can lead to trillions of wasted dollars every year for organizations around the world.

Pharmaceutical Project Management 

A project manager in pharmaceutical industry can add value in many different ways. Which may vary depending on the project, the industry, and the company they are working in. The major responsibilities of a project manager include -

  • Creating project plan
  • Managing tasks
  • Project tracking (start to finish)
  • Budgeting and controlling costs

Simply pharmaceutical project management activities include – planning and organizing, managing tasks, and budgeting and controlling costs. Everything regarding the project can be completed on time and on budget. This sector’s in high demand, and that demand just keeps growing.

Some common project management related skills 

  • Analytical
  • Assertive
  • Assessing outcomes
  • Assessing progress
  • Attention to detail
  • Conflict resolution
  • Collaboration
  • Co-ordination
  • Communication
  • Development
  • Evaluation
  • Executing plans
  • Financial analysis
  • Impact assessment
  • Leadership engagement
  • Managing meetings
  • Managing client expectation
  • Managing conflicts
  • Managing relationship with stakeholders
  • Managing vendors
  • Meeting deadlines
  • Monitoring
  • Multitasking
  • Planning
  • Prioritizing
  • Problem-solving
  • Process development
  • Process improvement
  • Project planning
  • Project coordination
  • Project implementation
  • Project initialization
  • Project reporting
  • Quality control
  • Risk assessment
  • Risk management
  • Solution development
  •  Strategic planning
  • Strong interpersonal skills
  • Strong verbal communication
  • Strong written communication

Project Trackers

Separate project trackers may need for each team to outline the vision for the curriculum. These trackers kept all teams in the loop about the timeline for delivery, the categories and subcategories for work, and the team members assigned to each task. It also mate sure to update the stakeholders every step of the way.

Major Job Responsibilities of a Project Manager

  • Teaching and Mentoring
  • Empowering the team
  • Communicating with internal and external stakeholders
  • Controlling change
  • Building relationship with other teams

Project lifecycle

The project lifecycle is the path for your project from start to finish. Each project phase builds toward the subsequent phase and helps to create a structure for the project.

Project lifecycle phases

  • Project initiation
  • Planning
  • Execute and complete the tasks
  • Project closing

Project initiation

In this phase, ask below questions to help set the foundation for the project, such as:

  • Who are the stakeholders?
  • What are the client’s or customer’s goal?
  • What is the purpose and mission of the project?
  • What are the measurable objectives for the team?
  • What is the project trying to improve?
  • What does this project need to be completed?
  • What skills and resources will the project require?
  • What will the project cost?
  • What are the benefits?


In this phase, make a plan to get your project from start to finish.

  • Create a detailed project plan. What are the major milestones? What tasks or deliverables make up each milestone?
  • Build out the schedule so you can properly manage the resources, budget, materials and timeline. Here, you will create an itemized budget.

Execute and complete the tasks

In this phase, put all of your hard work from the first two phases into action.

  • Monitor your project team as they complete project tasks.
  • Break down any barriers that would slow or stop the team from completing tasks.
  • Help keep the team aware of schedule and deliverable expectations.
  • Address weakness in your process or examine places where your team may need additional training to meet the project’s goals.
  • Adapt to changes in the project as they arise.

Project closing

In this phase, close out the project.

  • Identify that your team has completed all of the requested outcomes.
  • Release your team so they can support other projects within the company.
  • Take time with your team to celebrate your success!
  • Pass off all remaining deliverables and get stakeholder approval.
  • Document the lessons you and your team learned during the project.
  • Reflect on ways to improve in the future.

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