Project Selection

Ritu Bidasaria (), Aifang Guo, Namitha Shetty and Rajasree Talla
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Ritu Bidasaria: Portland State University
Aifang Guo: Zhejiang Sci-Tech University
Namitha Shetty: TransUnion
Rajasree Talla: GE Healthcare

Chapter Chapter 2 in Planning and Roadmapping Technological Innovations, 2014, pp 29-51 from Springer

Abstract: Abstract Chapter 2 discusses the selection of projects with limited resources. Project selection is critical for an organization to be successful in the achievement of their corporate strategies and competitive advantages. Due to dynamic changes in the business environment, advancement in technology, and condensed product life cycles, companies need to focus their efforts on identifying, selecting, and maximizing their R&D projects to meet customer demands and develop a successful product. Failure to select the best R&D project can cause valuable resources to be spent on poor projects, which yield little result. The aim of this chapter is to identify the criteria that company uses to evaluate and rank R&D projects based on priorities and to select the most appropriate R&D project among several competing projects.

Keywords: Analytic Hierarchy Process; Project Selection; Analytic Hierarchy Process Model; General Electric Healthcare; Technical Risk (search for similar items in EconPapers)
Date: 2014
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Persistent link: https://EconPapers.repec.org/RePEc:spr:innchp:978-3-319-02973-3_2

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DOI: 10.1007/978-3-319-02973-3_2

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