R&D validation planning: a methodology to link technical validations to benefits measurement
Abstract:An important activity in many R&D departments is the internal development of new process technologies and practices to assist in the marketing, design and manufacturing activities of the enterprise. An integral part of this R&D development is the planning and management of validations of potential technology projects. These validations are necessary to determine the technical, financial and organizational feasibility of the projects and to develop data for benefits measurement for further funding of selected projects. This paper describes a methodology for validation planning of new process technologies and practices. The methodology allows for the explicit linkage of a validation to the identification of its financial and strategic benefits. These often diverse measures of worth are integrated using a proven multi-attribute justification approach within the planning methodology. The methodology and the multi-attribute approach also support the comparison of dissimilar projects having different benefits. The methodology acts as an organizational planning tool integrating the needs of the diverse constituencies involved in R&D planning. It also acts as a tool to aid engineers and scientists identify and present the benefits of the proposed technology.
Document Type: Original Article
Affiliations: 1: Division of Business and Accountancy, Truman State University, Kirksville, MO 63501, USA, 2: Department of Industrial and Manufacturing Systems Engineering, University of Texas at Arlington, TX 76019, USA
Publication date: January 1, 2000