Functional Service Provision
From Codex of clinical research
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Functional Service Provision (FSP) – is a business model where a contract research organization (CRO) offers specific functions or services to a sponsor rather than managing entire projects. Instead of outsourcing entire projects, the sponsor contracts the CRO to provide specific functions or services, such as:
- data management
- statistical analysis
- clinical monitoring
- pharmacovigilance, etc.
Functional Service Provision arrangements allow sponsors to access specialized expertise and resources without the need to manage multiple vendors or hire additional staff. It offers flexibility, scalability, and cost-effectiveness, as sponsors can adjust the scope of services based on their current needs.
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