Critical Chain Project Management to reduce Time To Market and increase productivity

Critical Chain Project Management to reduce Time To Market and increase productivity

Article STP Pharma Pratiques, September-October 2011

Critical chain Project Management (CCPM) is a relatively new approach to project management that is part of the Thoery Of Constraints approach and that has demonstrated over the past 10 years its ability to significantly reduce the duration of projects, to ensure that projects are completed on time, and to increase resource productivity.

This article is focused on the Pharmaceutical sector but its message is relevant to all new product development.

CCPM has been successfully used to reduce the time to market of new pharmaceutical products especially in the United States. Today, Europe is beginning to implement this approach. Drug development costs are of the order of one billion euro and take about ten years. Generic products invade the initially captive market as soon as the patents expire. We spend more and earn less. An approach such as the Critical Chain,which can reduce the product development time by as much as 40 % while increasing the productivity of resources is therefore particularly relevant.

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