Risk Management Services
-
Know the key risks associated with your project
-
Structure your contingency plans for maximum benefit
-
Use risk information to build your project plan and prioritise necessary activities
-
Minimise delays and reduce overspend
Sample Risk Register – Impact on Sales Forecasts for an acute treatment for Stroke.
|
|
Key Risk |
Prob % |
Consequence |
Impact – % lost Sales |
Resolution / |
Owner |
|
1 |
Efficacy: May show trend to efficacy only |
75 H |
Reduced claims on label |
85 VH |
Conduct a second Health Outcomes study |
Clinical |
|
2 |
Diagnosis: Label restriction: CT or MRI scan before use |
15 L |
Loss of patients from 6 hour time window while waiting for scan |
30 H |
Robust regulatory strategy |
Regulatory / Clinicall |
|
3 |
Public awareness: limited ability to increase awarenes of signs and symptoms of stroke and need for urgent treatment. |
50 M |
Number of patients reaching hospital and being diagnosed and treated within 6 hours only increases to 50% over 13 years |
75 VH |
Focussed market development assessment. IIIB/IV studies to increase time window |
Commercial |
|
4 |
Competition: Two competitors with equivalent efficacy and superior ease of administration reach market 12 – 24 months after launch |
35 ML
|
Significant loss of market share. |
30 M |
Timely launch to maximise time alone in market. Promote rapid uptake of product within first 12 months after launch. Key Opinion Leader endorsement of product |
Commercial |
|
Development of packaging to maximise ease of use. |
Pharmacy |
Effective risk management is about targeting your resources appropriately and managing those risks that have the potential to derail your project. Leibert Pharma Services use a combination of previous experience, group brainstorming and one-to-one interviews to construct a project risk register for ongoing use.
Larger organisations may have to consider what risks and consequences may arise from running a portfolio of projects and the interdependent nature of such projects. In such circumstances, the sharing of risk registers, project plans and project experience has a huge role in on time and on budget project delivery.
