Title :
Selection of R&D projects in a portfolio
Author :
Linton, Jonathan D. ; Walsh, Steven T. ; Kirchhoff, Bruce A. ; Morabito, Joseph ; Merges, Matthew
Author_Institution :
Polytech Univ., USA
Abstract :
A method for the analysis, ranking and selection of R&D projects from a portfolio is outlined and demonstrated. It is proposed that an objective multi-criteria decision making method be used to split a portfolio of projects into accept, consider further and reject sub-groups. Next, `the consider further´ group is examined using a subjective method, the value creation model. Such an approach allows for obvious decisions to be automated and complex decisions to be given careful consideration, an approach that is more consistent with how managers commonly make select/reject decisions. The relation between research strategy and consideration of categorical data is considered in relation to the research portfolio of the Advanced Technology Division of Bell Laboratories
Keywords :
project management; research and development management; Advanced Technology Division of Bell Laboratories; R&D projects selection; accept sub-group; consider further sub-group; decision making; multi-criteria decision making method; projects portfolio; reject sub-group; research strategy; subjective method; value creation model; Decision making; Decision support systems; Graphics; Measurement units; Performance analysis; Portfolios; Project management; Research and development; Research and development management; Technology management;
Conference_Titel :
Engineering Management Society, 2000. Proceedings of the 2000 IEEE
Conference_Location :
Albuquerque, NM
Print_ISBN :
0-7803-6442-2
DOI :
10.1109/EMS.2000.872554
