Evaluating Project Selection Criteria

2003 - 2005

Deliverables

RTM article on why commonly used processes discriminate against innovation involving high levels of uncertainty and the key features of a periodic, phased review process suited to this type of innovation.

Description

Innovation involving high levels of uncertainty (technical and/or market and/or business model) is a key component of business growth; however, existing R&D management processes discriminate against it.

Goals included:

  • Understand why existing processes (Stage-Gate™ or similar) discriminate against innovation involving high levels of uncertainty.

  • Suggest key features of a periodic, phased review process suited to innovation involving high levels of uncertainty (i.e. non-incremental or radical innovation).

Participants

Co-Chairs
Bonnie Bachman – Emeritus
Ian Elsum – CSIRO
Kurt McWilliams – Sasol
 
Subject Matter Experts
Joanne M. Hyland - Radical Innovation Group
Rajesh Sethi - Clarkson University