Measures of Succes

Paying attention to key performance metrics will eventually reduce global clinical development times and deliver innovative treatments earlier.

The head of your company's clinical development department requests you to draft a project plan for a multinational Phase III trial of 800 asthma subjects within three weeks. This plan should be quite specific regarding the number of countries and study sites involved, the subject recruitment period, and the expected total cost of monitoring visits. You are in a considerable dilemma. You have been opposed to implementing a proper performance metrics system. What tools should you now use? Memory? Intuition? Best guesses? Will the development head be impressed with you at the conclusion of your project, should this ever happen, if time and money spent exceeds your plan by as much as 100%? 

 The terms "development cycle times," "performance metrics," and "benchmarking" are terms you remember well. Admittedly, you have only superficially read some topical articles. However, being so extremely busy and not really convinced that those publications were strictly applicable to your work situation, you did not further pursue the idea of implementing a performance metrics system in your environment

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