[Companies]…measure too much or too little, or the wrong things, and they don’t use their metrics effectively.” Michael Hammer Founder of Business Process Reengineering
The above quotation from Michael Hammer is as valid today as it was when he first said it. This workshop is about the effective use of metrics to monitor the real progress of your clinical research project. There are two types of metrics ‘Leading’ and ‘Lagging’. The former provides the project manager with information on the status of a project and allows him or her to forecast outcomes. The second type of metric, the lag metric, provides information on what has happened and is more of a historical record. Leading metrics are few and far between and are the most useful for a project manager. We cannot talk about metrics without discussing Key Performance Indicators (KPI) - the clue is in the name, they must be important (Key), they must be a measure of performance, and they must be indicators that allow you to forecast, so by definition these are leading metrics. The session will also look at deliverables and the important part that they play in the calculation of the Earned Value (EV), which is the ultimate leading metric and KPI for project progress. The session will include a demonstration on how you can use EV to monitor progress in clinical research projects.
Benefits of Attending
- Understand the difference between leading and lagging metrics and how they can be used in clinical research projects
- Learn the definitions of a Key Performance Indicator (KPI) and a Deliverable
- Gain an understanding of the process of monitoring progress with Earned Value (EV), with a demonstration and access to the EV EXCEL spreadsheet used
Certifications
- CPD: 4 hours for your records
- Certificate of completion
Agenda
- Leading and Lag Metrics
- Discussion on the Merits of the Various Metrics Commonly Used
- Discussion on the Use of Behavioural Metrics
- Defining a List of Deliverables
- Earned Value Theory
- Earned Value - A Practical Demonstration
- Q & A and Key Take Aways
Speakers
Roger Joby,
Director ,
to1to1 Project Management ConsultancyRoger Joby: Director 1to1to1 Project Management Consultancy and Visiting Research Fellow Liverpool JM University
An international pharmaceutical project management consultant and educator with over 40 years’ experience, principally for Clinical Research Organisations in both clinical operations and bids, and contract departments.
Roger is a Board member of the Institute of Clinical Research and is a visiting Research Fellow at Liverpool JM University. He is involved in academic research and has published papers and written articles on the application of Earned Value Management in Clinical Research with colleagues at Liverpool JM University. Roger specialises in customising project management tools like EVM, Risk Analysis, etc to suit client-specific needs in the highly uncertain world of drug development.
Roger has worked as an independent consultant since the year 2000, but prior to this he worked in both sponsor and supplier companies in clinical research latterly in senior management positions.
Who Should Attend
This session will be beneficial to anybody who is involved in clinical research. It is applicable to Pharma, Clinical Research Organisations (CROs) and Investigator sites.
- Vice President (VP) of Project Management
- Senior Directors
- All levels of Project Managers
- All levels of Clinical Research Associates (CRAs)
- All levels of Clinical Trial Administrators (CTAs)
- Procurement and Outsourcing Personnel
- Project Finance Personnel
