Medical Technology Company BD Gains Strategic View of $400 Million R and D Portfolio
Medical technology company BD (Becton, Dickinson and Company) serves healthcare institutions, life science researchers, clinical laboratories, the pharmaceutical industry, and the general public. While R&D spending at BD grew rapidly, the company's ability to analyze projects and investments lagged behind. BD needed a tool that would provide a companywide view of all projects, associated costs, and resources. The company chose the Microsoft Office Enterprise Project Management (EPM) Solution. With the standardized metrics and advanced analytics provided by implementation partner UMT Consulting Group, the EPM Solution offers many benefits. The company now has a comprehensive view into its U.S.$400 million R&D budget, giving BD the information it needs to measure its investments against its stated strategy, make timelier decisions, and maximize its return on investment.