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msc52njit-edu replied to the topic Discussion Topic: Outsource vs. Insource the clinical trial in the forum Project Management Application: Clinical Trial 7 years, 3 months ago
When looking to decide if we should outsource work and let a CRO do it you must look at your technical and time availability. If your project team is running really behind on schedule because you chose to take your time, then it may be best to outsource your work so that you can finish your product on time and not lose any more sponsorships and potential money form investors. If the money you would make from sales and investing by finishing the project on time or ahead of time is more than you would spend on the CRO than outsource work to the CRO. Also, if your facility does not have the capability to perform the necessary testing that you would like to do than a CRO would be needed as well. Also, it is better to alleviate some of the risk that would come with performing the project on your own and to let a second party or third party vendor take on those risk. In addition, it could be helpful in comparing results if your facility or secondary source are producing different or poor results.