Research on a Research Department: An Analysis of Economic Decisions on Projects
- 1 December 1960
- journal article
- Published by Institute of Electrical and Electronics Engineers (IEEE) in IRE Transactions on Engineering Management
- Vol. EM-7 (4) , 166-173
- https://doi.org/10.1109/iret-em.1960.5007566
Abstract
A case study was made of the way in which economic analyses were carried out on research and development projects in a medium-sized company. The flow diagram for a typical research project is presented. Interviews with key executives in the company and the analysis of a number of discontinued or unsuccessful projects provided data on who made what economic decisions during the life of a project. Several gaps were found in the decision-making procedure and recommendations were made for improvement. A number of new management control forms were developed and adopted by the company.Keywords
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