Cost Benefit Analysis for the Implementation of CDISC Standards during Clinical Trial Set-up – Part I
Typically, a Return on Investment analysis looks at specific components and evaluates the cost to build something to replace the activity and the amount of time it takes to complete that activity (with or without the implementation of the new component). Typically, a Return on Investment analysis looks at specific components and evaluates the cost to build something to replace the activity and the amount of time it takes to complete that activity (with or without the implementation of the new component).
The below analysis includes a retrospective and prospective analysis based on real data as our industry has evolved through different levels of standardization and technology implementation. It provides insights into why we should see huge benefits in standardization, but do not see the same results when putting the effort into practice