The Role of Data Science in Enhancing Project Management Practices: A Case Study in the Pharmaceutical Industry

Abstract

Data science is altering the way in which we manage projects, starting from the planning stage through both execution and tracking phases. In this paper, an examination is made into the productivity and efficiency gains in project management due to the use of data science. It uses previous studies, practical samples and latest advancements to show how decisions based on data can influence the results of a project. Besides, there are two instances looked at concerning pharmaceutical projects. It concentrates on such important aspects of project realization as planning, resource allocation, risk management, requirement analysis, among others.