Risk management on R&D projects [electronic resource]

Project management is becoming more common on research and development (R&D) projects such as those encountered in high-technology industries, academic institutions, and governmental agencies. By their nature, these projects manifest uncertainties that pose numerous threats and opportunities to...

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Bibliographic Details
Online Access: Online Access
Corporate Author: Los Alamos National Laboratory (Researcher)
Format: Government Document Electronic eBook
Language:English
Published: Washington, D.C. : Oak Ridge, Tenn. : United States. Department of Energy ; distributed by the Office of Scientific and Technical Information, U.S. Department of Energy, 2004.
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MARC

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245 0 0 |a Risk management on R&D projects  |h [electronic resource] 
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500 |a Submitted to: Presented at the 48th Annual Meeting of the Association for the Advancement of Cost Engineering International (AACEI), Washington, DC, June 14-16, 2004. 
500 |a Wageman, S. W. 
520 3 |a Project management is becoming more common on research and development (R&D) projects such as those encountered in high-technology industries, academic institutions, and governmental agencies. By their nature, these projects manifest uncertainties that pose numerous threats and opportunities to success. To adequately manage these uncertainties project managers and their stakeholders must possess a solid understanding of the nature of risk and the various analytical and planning tools that are available to monitor and control risks. Since R&D projects present unusual challenges related to risk management, effective utilization of the available tools is key to successful implementation. There are several tools and methodologies that can be used to manage risk on such projects. With effective and continuous attention to risk management, a manager can successfully complete a project within all performance expectations. Without such attention the probability of success diminishes markedly. 
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