DocumentCode :
1077903
Title :
R&D Activity Selection Process: Building a Strategy-Aligned R&D Portfolio for Government and Nonprofit Organizations
Author :
Pereira, Pedro L. ; Veloso, Francisco M.
Author_Institution :
Sociedade Portuguesa de Inovacao (SPI), Taguspark- Parque de Cienc. e Tecnol., Oeiras
Volume :
56
Issue :
1
fYear :
2009
Firstpage :
95
Lastpage :
105
Abstract :
This paper presents a portfolio building process for large public and/or nonprofit research organizations. The proposed approach allocates a research and development (R&D) program budget, taking into consideration both applications and technological areas. It starts with the definition of program objectives and covers the allocation of an R&D program budget, including a final activity selection, according to specific criteria. Budget allocation decisions rely on estimations of risk and return for areas and projects, based on the Markowitz portfolio selection model. A scenario implementation of the proposed portfolio building process in the context of a space agency is included. The application to other areas is also discussed.
Keywords :
government; investment; organisational aspects; research and development; R&D portfolio; activity selection process; budget allocation decisions; government organizations; nonprofit organizations; research and development program; Government; NASA; Portfolios; Project management; Public policy; Research and development; Research and development management; Resource management; Space technology; Space vehicles; Decision making; portfolio management; project selection; research and development (R&D);
fLanguage :
English
Journal_Title :
Engineering Management, IEEE Transactions on
Publisher :
ieee
ISSN :
0018-9391
Type :
jour
DOI :
10.1109/TEM.2008.2009872
Filename :
4757371
Link To Document :
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