Developing a Process for the Relative Valuation of R&D Programmes

Posted: 31 Dec 2001

See all articles by John Wright

John Wright

British Aerospace, Military Aircraft and Aerostructures

Clare Farrukh

University of Cambridge - Centre for Technology Management

Rob Phaal

University of Cambridge - Centre for Technology Management

David Probert

University of Cambridge - Centre for Technology Management

Mike Gregory

University of Cambridge - Centre for Technology Management

Abstract

This paper addresses the issue of R&D programme prioritisation within a manufacturing company in the aerospace industry, in the context of an overall framework for technology management. A review of approaches to R&D project selection leads into a recent case, which describes how the company developed a practical methodology. The benefits of the process and the relevance of the academic contribution are discussed, leading to a practical checklist for in-company development of a prioritisation process.

JEL Classification: M11

Suggested Citation

Wright, John and Farrukh, Clare and Phaal, Rob and Probert, David and Gregory, Mike, Developing a Process for the Relative Valuation of R&D Programmes. R&D Management, Vol. 30, No. 1, January 2000, Available at SSRN: https://ssrn.com/abstract=234575

John Wright

British Aerospace, Military Aircraft and Aerostructures

South Bank Technopark
90 London Road
London SE1 6LN
United Kingdom

Clare Farrukh

University of Cambridge - Centre for Technology Management ( email )

Engineering Department
Trumpington Street
Cambridge, CB2 1PZ
United Kingdom

Rob Phaal (Contact Author)

University of Cambridge - Centre for Technology Management ( email )

Engineering Department
Trumpington Street
Cambridge, CB2 1PZ
United Kingdom
+44 (0)1223 339816 (Phone)
+44 (0)1223 766400 (Fax)

David Probert

University of Cambridge - Centre for Technology Management ( email )

Engineering Department
Trumpington Street
Cambridge, CB2 1PZ
United Kingdom

Mike Gregory

University of Cambridge - Centre for Technology Management ( email )

Engineering Department
Trumpington Street
Cambridge, CB2 1PZ
United Kingdom

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