Project cost is one of the key factors that drive strategic, portfolio and project level decisions. The Project Cost Application provides invaluable and reliable information to senior management and portfolio managers regarding these crucial investment decisions. Not only is the information fundamental to internal project evaluation and financial projection, but also for licensing and possible asset acquisition.
Reliable estimates of project cost are central to making informed decisions at every level. By pooling data beyond what any company could gather and analyze on its own, the application gives users reliable comparisons of the cost for any given phase of development across projects, by project characteristic (e.g., Alzheimers), and normalized by factors known to be statistically significant in driving cost (e.g., patients, molecule size). The application provides the basis for enhanced project and portfolio planning and more effective decisions.
For more information about the Project Cost Application contact KMR.