A performance-oriented risk management framework for innovative R&D projects

作者：Wang Juite^*; Lin Willie; Huang Yu Hsiang

来源：Technovation, 2010, 30(11-12): 601-611.

DOI：10.1016/j.technovation.2010.07.003

• R& D management
• Risk management
• Project management
• Balanced scorecard
• Quality function deployment

Uncertainty is one of the major inherent difficulties in developing innovative products due to their highly dynamic markets and technologies The presence of a large degree of uncertainty leads to high R&D risks resulting in many R&D failures Therefore it is important to manage R&D risks through all R&D stages to improve R&D project success rates This paper proposes a new risk management framework that aligns project risk management with corporate strategy and a performance measurement system to increase success rates of R&D projects and to accomplish corporate strategic goals The balanced scorecard is used to identify major performance measures of an R&D organization based on the firm vision and strategy Quality function deployment is adapted to transform organizational performance measures into project performance measures and a systematic procedure is developed for risk identification assessment response planning and control The proposed risk management framework enables an R&D project to be focused on achieving the corporate goals and provides a more effe

• 出版日期2010-12