The Business Acumen for Project Leaders was developed for Parexel several years ago. Recently, many significant changes (not the least off which include COVID-19) called for a redesign of this highly successful program.
Grounded in the belief that finance and operations need to work as partners, the program provides financial fundamentals to people who come primarily from a medical background and conversely, provides project fundamentals to people who come from a financial background. Designed with close collaboration between experts at Insight Experience and Parexel, the virtual program includes instructor-led workshops, reflection and application activities, and simulation decision making.
Finance and Operational employees attend together to boost cross-functional understanding and collaboration. Notable outcomes include improved decision and financial awareness by leaders, and increased collaboration between Finance and Operations. As this program has rolled out across the organization, cashflow, revenue, and profitability continue to trend upward.