Pharma and Healthcare
We offer pharmaceutical and healthcare organizations world-class project delivery and benefits management.
Empowering Pharmaceutical and Healthcare Industries: Comprehensive Project Solutions
Ricardo Vargas has assisted numerous healthcare and pharmaceutical organizations around the globe in selecting, implementing, and optimizing project and program management solutions for health information technology, health service management, quality assurance, and control, among others. Ricardo holds a master's degree in industrial engineering and a Ph.D. in civil engineering, with considerable experience in the sector.
How We Support Pharmaceutical and Healthcare Industries
- Risk Management: Our enterprise risk management process is designed to help you identify and mitigate a range of project risks, including regulatory, intellectual property, product liability, and cybersecurity risks. These strategies aim to minimize the likelihood of costly delays or unexpected expenses, safeguarding project timelines and budgets.
- Portfolio and Programs: We manage essential activities necessary for selecting, implementing, monitoring, and controlling your organization's portfolio and programs. This encompasses defining selection criteria, effective communication, monitoring scenarios, and managing budget cycles. Ricardo Vargas has dedicated nearly two decades to refining a mathematical model based on the Analytical Hierarchy Process, allowing for the comparative evaluation of projects across various success metrics. This approach enables the assessment of profitability for projects ranging from large-scale construction to new marketing campaigns.
- Crisis Planning and Response: In the face of the global crisis triggered by the pandemic, pharmaceutical and healthcare companies faced challenges in vaccine development and adapting care for COVID-19 patients. With firsthand crisis response experience in post-conflict regions, Ricardo Vargas is equipped to guide the development of your crisis management plans.
- Change Management: AGartner forecast suggests that by 2026, a “blockbuster” therapy will emerge, potentially sidelining incumbent pharmaceutical manufacturers and necessitating partnerships on digital disruptors' terms. Moreover, 20% of healthcare providers are expected to move away from patient portals linked to electronic health records (EHRs) towards digital front-door solutions as their primary mode of digital patient engagement. We bolster your organization's ability to manage and leverage change for a competitive edge. With a multinational and multicultural background, Ricardo Vargas has led change initiatives across diverse and complex environments, including governments, international organizations, and start-ups.
Our Clients in Pharma and Healthcare Industry
All clients
What Kind of Support can we provide to you in the Pharma and Healthcare
Portfolio Selection and Optimization
We can help compare different projects using mathematical modeling and simulations.
In addition, we can help you with:
- Portfolio maturity assessment and gap analysis
- Design of portfolio management models
- Application of the Bayesian estimator to model the intangible benefits of administrative projects or those not directly measurable
- Comparison criteria definition
- Budget and financial reserves modeling
- Creation of portfolio performance indicators
Quick Wins® for Accelerated Planning
Imagine going from nothing to complete in 3 weeks! Our industry-leading Quick Wins® methodology can be used to structure and execute a project when circumstances do not allow for a normal planning process.
This can provide your organization with a tremendous competitive edge when project completion represents the difference between leading and following industry trends.
Quick Wins® can help guide:
- Status assessment
- Team planning and composition
- First version definition
- Design and implementation of a communications plan
- Contingency process implementation
- Identification of risk triggers
- Project-specific leadership training and coaching
- Support through to project operation
Project Recovery
A crisis can completely derail even the best-planned projects. We have a wealth of experience helping organizations regain focus and momentum after suffering a crisis or setback.
Our services include:
- Recovery plan development and implementation, employing Quick Wins® tools.
- Alternatives and outcomes assessment
- Premature project termination
- Support to leadership on recovery decisions
- Critical response and contingency implementation
Use of AI and Machine Learning to Leverage Project Performance
Ricardo was a pioneer in the use of Artificial Neural Networks to predict project behaviour. In 2015, he published the paper Applying Neural Networks and Analogous Estimating to Determine the Project Budget. In 2018 he founded with partners PMOtto, the first chatbot to employ machine learning to help manage projects and utilize project management software.
We can leverage machine learning to help your organization with:
- Sentiment analysis
- Task prediction
- Project status trend analysis
- The use of productivity AI assistant
- Resources allocation to address team experience and knowledge
- Financial forecasting and market crisis analysis
- Fraud detection
Agile Project Management
Change your organization’s mindset and operating model with an agile makeover that helps you adapt and respond to a constantly shifting business environment.
True agile practices are based on strong team collaboration that allows organizations to test their challenges and react fast.
We can help you:
- Build an internal case for agile transformation
- Establish leader buy-in and commitment
- Trigger behavioural change among employees
- Design a Lean-Agile lifecycle and roadmap
- Apply Scrum Principles to all complex projects
- Optimize value streams and execution
- Create retrospective planning and execution
Enterprise Risk Management
Using the latest mathematical simulations and machine-learning algorithms, we can help your organization develop a predictive system to monitor for the inflection points in your industry – and the opportunities that accompany them – that many of your competitors may overlook.
We can help you deal with:
- Scenario planning and environmental scanning
- Risk thresholds definition
- Risk triggers
- Risk database development
- Simulation modeling
- Bayesian estimates of intangible benefits
- Modeling of financial reserves
- Risk performance indicators definition
- Sarbanes-Oxley Act requirements
Project Recovery
Recovering from a project in crisis requires special expertise acquired by living through and working on the front lines of crises.
Ricardo Vargas knows first-hand what steps need to be taken to put an organization back on the path to recover.
These include:
- Recovery plan development
- Alternatives assessment
- Outcomes assessment (addition, absorption, starvation or extinction)
- Premature project closeout
- Recovery plan implementation through Quick Wins®
- Contingency plan implementation