Implementing hybrid project management methodology to

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Implementing hybrid Project management methodology to the drug discovery and development of orphan drugs will be an effective way to support the success of this industry. Problem Statement and Justification The proposal aims at studying the implementation of hybrid project management methodology for successful development and commercialization of orphan drug to enable first to market and best to market at appropriate pricing strategy to alleviate the burden on the pharmaceutical company, patient and the health care providers. The approach includes 7
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Implementation of Hybrid Project Management Methodology for Orphan Drug Discovery collection of qualitative and quantitative data using different methods of data collection to determine the advantages and disadvantages of traditional methodology and agile methodology and understand why hybrid methodology will be a better option. The results of the research would establish if hybrid project management methodology is an effective methodology to for drug development and run the business to obtain the anticipated returns to investments made particularly in the field of orphan drugs. Traditional methodology has been used in the drug development and discovery from a long time in several industries until Agile methodology was introduced for the Information and Technology industry. Other project management methodologies that have been implemented in a variety of industries include Critical path method, Scrum, Kanban, Extreme programming, Adaptive project framework etc. However, in the recent years a hybrid methodology combining traditional methodology and agile methodology is being experimented in a variety of industries including pharmaceutical development. Orphan drug discovery and development is a upcoming field under pharmaceutical development that requires stringent project management to the extent that project management is implemented as a business strategy for the successful launch of these products. It would be in the best interest of project management team and developing team to see if a hybrid methodology will be a better project management methodology over traditional methodology for the successful development and launch. The above research will providing guidance to a biopharmaceutical company that strategizes to venture into orphan drug business or an entrepreneur who wants to start a new business as to what kind of project management methodology will be highly effective for their process. 8
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Implementation of Hybrid Project Management Methodology for Orphan Drug Discovery Literature Review -- Analysis of Related Work The objective of the entire pharma industry is the same – to be the first and best to market. Project management methodologies, alliance strategy, portfolio management methods adopted for routine drug discovery and commercialization program may apply to the drug discovery for orphan diseases. Anton and colleagues have shown that irrespective of the size of
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  • Spring '17

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