Project management is defined as a process of planning, organizing, staffing, coordinating and controlling all activities of a given R&D project to achieve predefined objectives. The objectives of project management are to minimize project expenditure and time while effectively utilizing resources to achieve qualitative and quantitative results. The stages of project management include pre-project planning, project initiation, execution, outcomes, transfer, and termination. Elements of project planning and controlling involve preliminary coordination, work, budget, and schedule plans as well as status reporting and monitoring techniques like PERT and CPM.

1. R&D
PROJECT MANAGEMENT

2. 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

3. 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)

4. 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)

5. 4. Elements of Project Planning & Controlling
1. Planning Elements :
A.
B.
C.
D.
E.
Preliminary Coordination Plan
The Complete Work Plan
The Budget Plan
Detailed Work Schedule Plan
Status Reporting Mechanism
2. Controlling Elements :
A. Effective Monitoring
B. Network Analysis
 PERT : Project Evaluation and Review Technique
 CPM : Critical Path Method

6. 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

7. Assignment Questions
1.
2.
3.
4.
5.
6.
Process of Technology Forecasting
Techniques of Technology Forecasting
Activities or Stages of R&D Project Management
Elements of R&D Project Planning and Controlling
Process of Technology Transfer
Modes and Pricing of Technology Transfer

8. THANK YOU