Managing Pharmaceuticals and Life Sciences Projects on a Global Scale: A Project Management Perspective

Abstract

Managing any project is a challenge and it becomes increasingly difficult when project turned from local to Global. There are several factors like time difference, diversity in culture, language and financials are directly affecting project outcome and many-times can jeopardize the project success. It was observed that, face to face communication is highly restricted in global projects as team members are sitting in different places and due to this there are chances of misunderstanding which is biggest challenge due to diverse background. A comprehensive literature review on the changing roles of management in managing global Pharmaceutical and Life sciences projects are the theoretical foundation of this paper. The paper concludes that each Pharmaceutical & Life Sciences project is unique and challenges, complexities, risks associated with each project are different and at times unprecedented. It was found that, people can have different source of motivation, ethics and values as they are coming from the different countries. It is essential to establish and use standard project management tools and comprehensive approach to manage global Pharmaceuticals and Life sciences projects efficiently.