Project Management: A Career Tool for the Future

Biotechnology has emerged as one of the rapidly-growing sectors of the knowledge economy. Biotechnology and pharmaceutical companies face constant challenges in the course of developing new pharmaceuticals or other products. Typically, most drug development processes suffer from planning problems, as well as delays in development, unforeseen activities, cost overruns, and losses resulting from high turnover.

These shortcomings are often due to poor project handling by managers who have little or no formal training in dealing with the complexities of today’s projects. The key to the survival of pharmaceutical and biotechnology companies in today’s economy is to place successful products in the marketplace. Project managers are becoming an increasingly integral part of that strategy.