Title :
A risk/action model for the differentiations of R and D profiles
Author_Institution :
Siemens Gammasonics Inc., Des Plaines, IL, USA
Abstract :
It is argued that the differences between R and D must be understood, else difficulties of major consequence may arise. Of the many identifiable differences, it is those comprising the personal value systems which in the long run govern conduct of the various technical groups comprising R&D. And, of these, it is the manner in which risk is accepted that provides the essential delineator of R&D. A simple model is presented in which conjugate definitions of risk and the level of action required, on a project-by-project basis, serve to differentiate research and development profiles. The model is intended to provide R&D managers with a simple graphical tool to make visible to management and staff alike, the probabilistic nature and relative efforts required for a program involving both R and D projects.
Keywords :
research and development management; R and D; R&D managers; delineator; graphical tool; personal value systems; research and development profiles; risk/action model; technical groups; Companies; Industries; Personnel; Planning; Probabilistic logic; Research and development; Definitions of R&D; R&D organization; project failure; risk acceptance; risk/action model;
Journal_Title :
Engineering Management, IEEE Transactions on
DOI :
10.1109/TEM.1982.6447487