{"title":"Generic risk reduction strategies for R&D projects","authors":"V. Bhat","doi":"10.1109/PICMET.1991.183629","DOIUrl":null,"url":null,"abstract":"The author provides guidelines to assess the level of technical and commercial risks in an R&D project. Project risks can be reduced by either lessening them or mitigating their consequences. A number of strategies to reduce R&D project risks are presented, and a basis for strategies that reduce the consequences of project risks using the utility concepts is provided. A framework to develop generic strategies to reduce risks is also presented. According to the framework presented, no one strategy is ideal. A variety of strategies to reduce risk can be chosen depending on the level technical and commercial risks.<<ETX>>","PeriodicalId":22349,"journal":{"name":"Technology Management : the New International Language","volume":null,"pages":null},"PeriodicalIF":0.0000,"publicationDate":"1991-10-27","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":"2","resultStr":null,"platform":"Semanticscholar","paperid":null,"PeriodicalName":"Technology Management : the New International Language","FirstCategoryId":"1085","ListUrlMain":"https://doi.org/10.1109/PICMET.1991.183629","RegionNum":0,"RegionCategory":null,"ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":null,"EPubDate":"","PubModel":"","JCR":"","JCRName":"","Score":null,"Total":0}
引用次数: 2
Abstract
The author provides guidelines to assess the level of technical and commercial risks in an R&D project. Project risks can be reduced by either lessening them or mitigating their consequences. A number of strategies to reduce R&D project risks are presented, and a basis for strategies that reduce the consequences of project risks using the utility concepts is provided. A framework to develop generic strategies to reduce risks is also presented. According to the framework presented, no one strategy is ideal. A variety of strategies to reduce risk can be chosen depending on the level technical and commercial risks.<>
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