Learn how a VP of R&D Portfolio Project Management leveraged Gartner's benchmarking tools to update core processes, reduce forecast variance and save the business money.
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Client Story
Improving Processes for Accurate R&D Forecasting
Mission-critical priority
Secure stakeholder buy-in and alignment on forecasting strategy and reduce forecasting variance across the R&D portfolio.
How Gartner helped
Using the Gartner R&D Spend and Performance Benchmark data, the R&D leader was able to share real-time forecasting data from other companies to convince his team of the importance of accurate forecasting from a money and time-saving perspective.
Business impact
The VP and his team adjusted their processes and metrics to better measure and predict R&D portfolio spend, reducing overall forecasting variance equating to roughly $20M in savings.
Industry
Pharmaceuticals
Revenue
> $8 Billion
Employees
10,000+
