WHAT YOU WILL LEARN: The CREOPM framework, a proven, step-by-step approach to positioning R&D portfolios for short-, medium-, and long-term success. Categorize project and program investments into non-discretionary and discretionary buckets. Analyze risk and assess overall probability of success. Evaluate assets using four critical drivers: benefit, risk, cost, and time. Optimize portfolios to make the best use of constrained budgetary and human resources. Prioritize projects using quantitative and qualitative decision criteria. Manage risk, resources, and stakeholders and improve decision making under conditions of risk and uncertainty.
WHO SHOULD ATTEND: Industry professionals from pharma, biotech, medical devices, and consumer care involved in:
- Research
- Clinical Development
- Projects, Program, and Portfolio Management
- Resource Management
- Forecasting & Competitive Intelligence
- Marketing
- Licensing & Business Development
- Finance
NOTE: Consultants are not permitted to attend. Separate registration required. CHI requests that the Master Class not be interrupted once it begins. We ask that attendees commit to attending the entire program so as to not disturb the hands-on style instruction being offered to other participants.
DAY 1 - DECISION ANALYSIS
8:00 AM Session 1: Introduction
Agenda, brief background, and goals for Master Class; review of Decision Analysis & Portfolio Management surveys.
9:00 AM Session 2: Decision Making under Uncertainty and Risk
The value of decision framing and the Decision Quality (DQ) cycle.
10:15 AM Coffee Break
10:30 AM Session 3: Introduction to Decision Analysis and Decision Trees
A discipline oriented toward strategy selection on the basis of eNPV maximization under conditions of uncertainty and risk; calculating eNPV using Decision Trees.
Software: Palisade’s Precision Tree
12:00 PM LUNCH
1:00 PM Session 4: Risk Analysis & Risk Management
Phase-dependent risk decomposition, value of imperfect information, SME risk elicitation, and biases.
2:30 PM COFFEE BREAK
2:45 PM Session 5: Integrated Asset Valuation
Structuring single- and multiple-indication Decision Trees to conduct, project, and program valuations.
Software: Palisade’s Precision Tree
5:00 PM Close of Day
DAY 2 - PORTFOLIO MANAGEMENT
8:00 AM Session 6: Crossing the Chasm – From Drug Discovery through Clinical Development
Cultivating and embedding a Portfolio Management mindset across the entire R&D value chain.
8:45 AM Session 7: CREOPM
A holistic Portfolio Management framework oriented toward portfolio value maximization and capability maturation.
10:15 AM COFFEE BREAK
10:30 AM Session 8: Project Prioritization
Searching for the best rank order of projects to create portfolio value within defined resource constraints using Multiple Objective Decision Analysis (MODA).
12:00 PM LUNCH
1:00 PM Session 9: Portfolio Optimization
Searching for the best combination of projects and programs to maximize portfolio value within defined resource constraints using Linear Programming (LP).
Software: Palisade’s Evolver
3:15 PM COFFEE
3:30 PM Session 10: Strategic, Portfolio, and Business Plans
The importance of actionable and interdependent strategic, portfolio, and business plans.
4:15 PM Session 11: Decision Making and Portfolio Management Capability Maturity Models
Diagnosis of organizational decision making and Portfolio Management capability maturity models.
4:45 PM Session 12: Final Q&A
Any remaining business
5:00 PM Close of Master Class