Improve Your Overall Study Performance
The determining factor for many clinical research organizations is where to focus effort. Start by asking, “What will have the greatest effect on reducing risk?”. Early risk assessment is a key component to calculating the probability of clinical success. Once you understand your risks, you’ll have a better idea of what it will take to proactively address them.
With any risk management strategy, implementing new risk-based solutions and controls will likely require a monetary expense. With our return on investment (ROI) calculator you can calculate whether it makes monetary sense to invest in an RBM solution to help you de-risking your clinical trials.
Remember that each clinical research organization is different, and determining the variables will be based on circumstance and risk tolerance of the organization. The cost to implement a risk-based solution will, therefore, depend on the estimation of risk reduction and other local factors.