Presented by
Management Forum
The Financial Benefits of Change Management In-house Training
In this talk, explore how change management impacts the financials of an organisation and how well-managed change management can enhance an organisation's financial strength.
- Format: Bespoke training
- CPD: 1.5 hours for your records (depending on your requirements)
- Certificate of completion
Part of Making Financial Sense of GMP series:
Are you aware of how the GxP requirements impact the financials of an organisation? This exciting series provides a concise overview of some key elements of GxP such as Pharmaceutical Quality System, Validation Master Plan, Risk Management and Change Management. Participants will learn about how these elements impact the gross profit, operational costs and net profit.
Course overview
Robust change management is a critical element of a strong pharmaceutical quality system. ICH Q10 - Pharmaceutical Quality System, describes it as a vital part of the lifecycle approach to product quality. A change management system encourages and accelerates continuous improvement.
Elements of an effective Change Management system include:
- Active knowledge management
- Science-Based risk assessment
- Organisational agility
- Communication
In an environment of increasing globalisation, innovation and technological advances for life science firms and health authorities, change management presents significant challenges to all parties involved. What are the financial advantages of managing change? Should change be managed for compliance purposes only? What are financial consequences of ineffective change management?
This course is part of our GxP training (Good x Practice) course collection, which features a variety of topic areas to ensure you comply with the most recent quality guidelines.
Benefits of attending
Attending this session will help deepen your knowledge and support your understanding on how the change management benefits an organisation's financial performance.
The benefits of attending this session include:
- Learn about the impact of change management on the gross profit, operational costs and net profit
- Explore how change management can support efforts to reduce costs and improve profits
- Discuss change management elements that contribute to cost reduction
- Understand how financial decisions don't have to compromise change management process
- Consider what would happen if change management system was not a regulatory expectation
Who should attend?
This session is designed for senior life science professionals involved with change management either directly or indirectly.
The stakeholders are typically from executive and management roles responsible for and involved in decision making and striving to balance financial goals with compliance and quality requirements.
Other interested stakeholders not directly involved with compliance or quality include:
- Chief Operating Officers
- Chief Financial Officers
- Finance and costing analysts
