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Business & Economics :: Project Management

February 1, 2013

Accelerating Process and Product Development

These simple strategies can be used to speed up and increase the success rates of R&D projects

Wiroon Tanthapanichakoon, SCG Chemicals Co.

Research and development (R&D) projects usually require significant time, effort and manpower to become successful. Despite the significant resources spent on R&D projects, only 5–10% of the projects are statistically believed to be successfully commercialized, in terms of both timing and technological advances. Many projects fail because they cannot achieve the desired results on timing of commercialization and licensing.

This article is focused on providing systematic strategies to speed up both technical and non-technical aspects of R&D projects — especially new process development. It addresses certain aspects that have not been mentioned in previous technical references, such as basing R&D project management on manpower resource characteristics....

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