Main Goals
Successfully managing the financial aspects of your clinical projects.
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Reduce costs and startup time-lines by 20%
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Understand how clinical trial costs affect profit and loss of your company
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Control your projects with key financial ratios
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Identify key cost drivers and intelligent cost savings
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Master difficult negotiations with modern negotiation techniques
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Resolve conflicts by utilising modern conflict resolution methods
E-Learning, Live Coaching & Tools
This e-Seminar includes
- 5 complete online courses (value: 940 €)
- more than 5 hours of e-learning videos
- PLUS: 1 hour live online coaching (value: 520 €)
- PLUS: 33 pages eBook
- PLUS: 65 Slides
- PLUS: Full blown RFP Bid Grid including project cost tracking
- PLUS: RFI Template
- PLUS: check lists, spread sheets & tools
- PLUS: tips and case studies.
TOTAL VALUE 1.460,00 €
You can also book a live webinar with the instructor.
30 days money back guarantee
You have the opportunity to test this course risk free: If you don't like the content you can claim back your money.
Course Objectives
Tailored for Project Managers & Outsourcing Managers
Project teams on sponsor and CRO side need well-founded knowledge and skills in negotiation and conflict resolution as well as finance knowledge in order to finalize projects in time with limited budgets.
In this practical training course the attendees will examine every aspect of the project financials, the negotiation process, the key cost drivers and risk management opportunities in clinical trials.
Finance and how it affects the role of clinical R&D-decisions
Chapter 1
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The correlation between R&D Costs, Revenue and P&L in pharmaceutical and biotech companies
Accounting statements and the key financial ratios for clinical project teams
Chapter 2
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Understand Cashflow, Balance and P&L sheets
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Assess the financial health of CROs and strategic partners
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Understand internal cost structures of CROs and competitors
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Compare R&D efficiency with your competitors
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Identify outsourcing risks and make selection decisions based on financial ratios
Non-Dilutive Financing Alternatives for Biotech Companies
Chapter 3
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Understand Dilutive and Non-Dilutive Financing Opportunities
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Financing Opportunities by Outsourcing
The RFP-Process
Chapter 4
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Setup an RFP Process
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Safe Money with structured Proposal Analysis Tools
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Initiate your projects 20% faster
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Develop an outsourcing strategy
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Evaluate CRO Experience and Capacities
Payment Schedules based on Deliverables
Chapter 5
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Advantages and disadvantages of regular payment schedules
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T&M, fixed price, unit payments, milestone payments
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Dovetail project progress and quality in payment schedules
How to be a Better Negotiator – The Win-Win Negotiator
Chapter 6
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Fundamental issues in deadlocked negotiations
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Devise negotiation options without bargaining
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Harvard negotiation skills
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How to deal with Dirty tricks
Feedback by previous participants
We continuously evaluate our customer’s satisfaction. Attendees of this course evaluate the content and the trainer of this course as EXCELLENT
(9 points on a ten-point-scale)
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Very thorough course and informative.
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Delivered with personality that kept everyone involved. He knew our roles/responsibilities.
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Related relevant personnel experiences and how tools in the course were applied.
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Presenter had good knowledge and examples for dealing with situations. The workshops were very engaging.
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Clear presenter, slides clear and understandable.
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Leif Kuse
Instructor:
Who should attend?
Directors, Vice-Presidents Project Managers and Clinical Trial Staff of the following Departments
• Clinical Development
• Clinical Outsourcing
• Contracts
• Business Development
• Proposal Writing
• Project Management
• Finance / Project Controlling
• Medical Affairs
• Procurement / Purchasing
• Strategic Sourcing
• Program/Portfolio Management