Project life cycle management in the field of pharmacy

Abstract

The aim of the paper is to investigate and understand the application of the project life cycle concept in the pharmaceutical field, with all its specificities and limitations. The purpose of the paper is to contribute to the understanding of the application of the project life cycle concept in pharmacy. Under the influence of various factors (expiration of patent protection, increase in total health care costs, tightening of regulatory requirements) it is practically no longer possible to manage pharma business without project management. The idea is to identify pros and cons of the current way of managing projects in this area by studying the existing literature on a given topic. The results of the research suggest that traditional project management in this area should be supplemented with other perspectives -the management of a pharmaceutical project should be reconsidered from a strategic, operational, organizational and financial point of view, that is, a broader picture of the project should be obtained. The paper should contribute to the improvement of the pharmaceutical project management process, both in industry and in healthcare. Improving the application of the concept of project management in pharmacy would bring benefits to the business of pharmaceutical organizations, but also to human health as a whole.

Keywords

• project life cycle
• project management
• pharmacy
• pharmaceutical industry