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Developing a process for the relative valuation of R&D programmes
Author(s) -
Farrukh Clare,
Phaal Rob,
Probert David,
Gregory Mike,
Wright John
Publication year - 2000
Publication title -
randd management
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 1.253
H-Index - 102
eISSN - 1467-9310
pISSN - 0033-6807
DOI - 10.1111/1467-9310.00156
Subject(s) - valuation (finance) , aerospace , context (archaeology) , checklist , process (computing) , process management , relevance (law) , business , engineering , engineering management , knowledge management , computer science , political science , accounting , geography , psychology , law , cognitive psychology , aerospace engineering , operating system , archaeology
This paper addresses the issue of R&D programme prioritisation within a manufacturing company in the aerospace industry, in the context of an overall framework for technology management. A review of approaches to R&D project selection leads into a recent case, which describes how the company developed a practical methodology. The benefits of the process and the relevance of the academic contribution are discussed, leading to a practical checklist for in‐company development of a prioritisation process.