R & D PROJECT MANAGEMENT

1. What is Project Management ?

Project Management is defined as a management process of planning, organizing, staffing, coordinating and controlling all the activities of a given R&D project to achieve predefined objectives

It school of knowledge required to carryout successful innovation at a right time, at a right cost and at a right quality

Project manager or Team Leader requires project management knowledge to make a commercially successful innovation process

2. What are the Objectives of PM?

Project manager is responsible to the success and failure of a project, so he/she is managing activities of a project with certain objectives, that are also called as objectives of project management or project manager that are given below

1. Minimization of Project Expenditure (Cost)

2. Complete within the schedule time (Time)

3. Effective utilization of Resources (Resources)

4. Qualitative and Quantitative Results (Outcomes)

3. What are the Stages/ Activities of PM?

1. Pre-Project Stage (recognize, finalize ideas)

2. Project Possibilities (tested for feasibility)

3. Project Initiation (Economic, Technological, Operational resources and establishment)

4. Project Execution (Project leader, coordinating all the members for the implementation process

5. Project Outcomes (Define innovations, technology)

6. Project Transfer (Further processing of technology)

7. Project Termination (Resources are released)

4. Elements of Project Planning & Controlling

1. Planning Elements :A. Preliminary Coordination Plan B. The Complete Work Plan C. The Budget PlanD. Detailed Work Schedule PlanE. Status Reporting Mechanism

2. Controlling Elements :A. Effective Monitoring B. Network Analysis

PERT : Project Evaluation and Review Technique

CPM : Critical Path Method

5. Project Termination

1. Reasons for Project Termination

A. When successfully completed

B. When viewed commercially undesirable

C. When do not have sufficient resources

D. When found it as outdated technology

2. Tasks of Project Termination

A. Re-allocation of resources

B. Search market for uncompleted technology

C. Selection of other projects instead of it

D. Re-allocation of funds to other projects

Assignment Questions

1. Process of Technology Forecasting2. Techniques of Technology Forecasting3. Activities or Stages of R&D Project Management

4. Elements of R&D Project Planning and Controlling

5. Process of Technology Transfer6. Modes and Pricing of Technology Transfer

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