Manufacturing engineers' understanding on the value of risk management to project success in the pharmaceutical industry

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Livingston, Jean
Issue Date
MBA in Project Management
Dublin Business School
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The primary objective of this study was to comprehend the understanding manufacturing engineer’s had of the value of risk management to project success in the pharmaceutical industry in Ireland. The adoption of manufacturing engineers to lead projects instead of traditional project managemers has increased during the economic downturn. Risk management has been developed over the last fifty years and has significant impact on project success. The objective was to discover if manufacturing engineers understood this value. Projects have always been a critical part of the pharmaceutical industry as the majority of its research and development is undertaken in the form of research and development projects. This research found that it is true that engineers are taking on more of a project management role in these pharmaceutical projects. The research also proved that manufacturing engineers understand that risk management is important to project success and the different stages of risk management are individually and collectively important to project success. Author keywords: Risk management, project management, project success