The following Life Sciences guidance note provides comprehensive and up to date legal information covering:
There are five key steps to improving efficiency:
identify (define) what process needs improving
measure the problem
analyse your information
improve the process
control, ie embed the new process so it becomes business as usual
Management consultants often refer to this is as the (define, measure, analyse, improve and control) DMAIC framework.
This Practice Note guides you through step 7, ie controlling the problem you identified in step 1 and have now measured, analysed and improved. This Practice Note focuses on the importance of measuring the impact of the changes you have made to demonstrate levels of success.
Control charts can become complex and deeply mathematical but in their simplest form they allow you to keep an eye on how things are progressing:
control charts allow you to determine the stability of a project over a period of time
they do this by identifying upper and lower control limits—eg in the case study we identified that two months was the average length of time to complete a due diligence process. We are happy with a variation of three weeks either side of that so our control chart needs to track how long it takes to complete a due diligence process and highlight those instances when it happens more quickly or slowly than anticipated (see Practice Note: What
**excludes LexisPSL Practice Compliance, Practice Management and Risk and Compliance. To discuss trialling these LexisPSL services please email customer service via our online form. Free trials are only available to individuals based in the UK. We may terminate this trial at any time or decide not to give a trial, for any reason. Trial includes one question to LexisAsk during the length of the trial.
To view the latest version of this document and thousands of others like it, sign-in to LexisPSL or register for a free trial.
Existing user? Sign-in
Take a free trial
Take a free trial
0330 161 1234