Project Management Institute

Small time

Managing projects in a small company involves numerous opportunities and challenges usually unknown in large companies. This article profiles an interview with the director of project management at the fledging biopharmaceutical firm Emiliem (Kalamazoo, MI, USA), discussing how the firm manages it projects dealing with the discovery and development of molecular-targeted therapeutics for oncology. In doing so, it discusses how the director changed her previous approach to managing projects after joining Emiliem, a previous approach she developed during her more than 20 years in managing projects within major pharmaceutical companies, such as Upjohn, Pharmacia, and Pfizer. It summarizes some of the new approach's critical elements, which involves managing outsourced work via Emiliem's virtual company model and mitigating project risk in an industry renowned for its unknown factors.
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