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Project Selection

In: Planning and Roadmapping Technological Innovations

Author

Listed:
  • Ritu Bidasaria

    (Portland State University)

  • Aifang Guo

    (Zhejiang Sci-Tech University)

  • Namitha Shetty

    (TransUnion)

  • Rajasree Talla

    (GE Healthcare)

Abstract

Chapter 2 discusses the selection of projects with limited resources. Project selection is critical for an organization to be successful in the achievement of their corporate strategies and competitive advantages. Due to dynamic changes in the business environment, advancement in technology, and condensed product life cycles, companies need to focus their efforts on identifying, selecting, and maximizing their R&D projects to meet customer demands and develop a successful product. Failure to select the best R&D project can cause valuable resources to be spent on poor projects, which yield little result. The aim of this chapter is to identify the criteria that company uses to evaluate and rank R&D projects based on priorities and to select the most appropriate R&D project among several competing projects.

Suggested Citation

  • Ritu Bidasaria & Aifang Guo & Namitha Shetty & Rajasree Talla, 2014. "Project Selection," Innovation, Technology, and Knowledge Management, in: Tugrul U. Daim & Melinda Pizarro & Rajasree Talla (ed.), Planning and Roadmapping Technological Innovations, edition 127, chapter 0, pages 29-51, Springer.
    • Handle: RePEc:spr:innchp:978-3-319-02973-3_2
    DOI: 10.1007/978-3-319-02973-3_2
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