May 01, 2004
Managers choosing which R&D projects to fund typically rely on rank-ordering heuristics when other valuation methods are not applicable. These heuristics are powerful, but they have a number of...
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IRI resources assist your day-to-day R&D functions and help in problem solving. Search by keyword, topic, or your R&D role to find tools to help you manage your organization's R&D and innovation process more effectively.
Risk Management
July 10, 2017
FM Global is a unique insurance company. It’s an engineering-based insurer. Our business model is based on reducing our clients’ property risk and potential for business interruption through...
The research & development activities of our company support a very mature chemical process industry. One support group focuses on developing conceptual process designs to help researchers...
November 01, 2006
Meaningful risk analysis can dramatically improve the likelihood of project managers delivering major system development projects on time. At issue are the questions, “Which risk events are most...
September 01, 2006
As the reality of higher energy and raw materials prices settles in, we in R&D are challenged to find solutions. A recent book on the wealth creation driven by innovation and an article in HBS...
January 01, 2006
Existing methodologies offer little help in selecting among uncertain technology investments. However, Discovery Driven Planning in conjunction with Real Options Discipline allows managers to make...
September 01, 2007
Radical innovation projects are inherently risky. A number of in-depth case studies have been carried out to identify the kinds of risk that are characteristic of this type of new product development...
September 01, 2007
Radical innovation in large firms is a risky endeavor, exacerbated by high levels of uncertainty and long cycle times. Moreover, management lacks evaluation tools that are appropriate for the degree...
March 01, 2007
2007 is Research–Technology Management’s 50th year of publication. To mark the occasion, each issue reprints one of RTM’s six most frequently referenced articles. The articles were identified by N...
November 01, 2008
Many scholars suggest that, in general, successful R&D involves the systematic reduction of unique risk. Consequently, firms should adopt diversification or hedging behavior to reduce risk when...
November 01, 2010
An innovation portfolio, which is focused on early-stage ideas whose role in the overall strategy is still evolving, is very different from a project portfolio, which is focused on managing products...
November 01, 2010
OVERVIEW: An innovation portfolio, which is focused on early-stage ideas whose role in the overall strategy is still evolving, is very different from a project portfolio, which is focused on managing...
March 01, 2010
Many of the tools used in valuing and selecting projects are justifiably applicable only to large portfolios because they assess value by using statistical concepts, such as probability, mean and...
March 01, 2010
Risk is a powerful force in innovative organizations for the obvious reason that it means the future outcomes of decisions are uncertain and, less obviously, because it can foster decision biases...
March 05, 2014
ROR Stage: finalizing research approach, gathering and analyzing data • Preparatory work by committee results in effective working session • Use of analytics for R&D should be scaled on a...
February 25, 2015
ROR Stage: finalizing results, reporting out Every innovation in the pipeline has potential for greatness. A great result gives us the success we seek as innovators. However, the pipeline also holds...