Recommendations for Public Sector R&D Managers

Peter D. Linquiti
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Peter D. Linquiti: George Washington University

Chapter 5 in The Public Sector R&D Enterprise: A New Approach to Portfolio Valuation, 2015, pp 106-110 from Palgrave Macmillan

Abstract: Abstract Chapter 5 provides a series of recommendations for public sector R&D managers based both on theoretical analysis and on a practical case study of a portfolio of “real world” R&D projects. In brief, discounted cash flow techniques should be abandoned in favor of real option methods. In addition, individual R&D projects should never be valued in isolation, but only in concert with the other R&D projects comprising a government program. Technical, commercial, and potential “deep” connections among R&D projects must be identified and characterized before meaningful conclusions can be drawn about the risks being taken with taxpayers’ money. Finally, proactive management of government-sponsored R&D, including interim performance reviews, are likely to yield better results than a hands-off style of management.

Keywords: portfolios of real R&D options; R&D management; R&D project correlations; R&D risks; stage-gate reviews (search for similar items in EconPapers)
Date: 2015
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Persistent link: https://EconPapers.repec.org/RePEc:pal:stachp:978-1-137-54209-0_5

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DOI: 10.1057/9781137542090_5

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