Within the biopharmaceutical industry the cost of drug development continues to rise. To successfully take a drug target from concept to design, into manufacturing and finally to the patient, there needs to be a clear integration of a multi-disciplinary, cross-functional, cross-geography team.
To assist in designing, building, and implementing R&D Operations, we have developed the Integrated Operations and Business Planning (IOBP) framework which focuses on four key areas within R&D Operations: Project, Resource, Financial and Portfolio Management, integrated through a project-centric Operating Model in which senior leaders, project teams, and support functions collaborate.
The R&D Operations evolution can be broken down into three periods:
An R&D operations ecosystem is only as good as the decisions it enables and the transparency that it provides for an organization to execute on its defined book of work, The following four components are critical to establishing an effective Governance Framework in R&D.