Risk management in research and development (R&D) projects: the case of South Australia
Luppino, Ricky, Hosseini, M. Reza and Rameezdeen, Raufdeen 2014, Risk management in research and development (R&D) projects: the case of South Australia, Asian academy of management journal, vol. 19, no. 2, pp. 67-85.
A definition of the effective methods of risk management in R&D projects has remained elusive. Similarly, there have been calls to devise effective risk management methods in R&D projects. To develop this area further, the purpose of this study is twofold. First, it validates the veracity of claims about the urgency of introducing effective methods of risk management to R&D projects in South Australia based on nine unstructured interviews with experts. Second, the study presents the outcomes of two case studies that deployed the extended version of the failure mode and effect analysis, namely, the RFMEA method in a South Australian organisation, to investigate how the method can facilitate the identification of effective contingency plans to mitigate high-priority risks. The findings showed that the RFMEA method would be effective for project managers in dealing with risk management issues in R&D projects. The discussions presented will provide guidelines for practitioners in the industry.
Language
eng
Field of Research
120201 Building Construction Management and Project Planning
Socio Economic Objective
970112 Expanding Knowledge in Built Environment and Design
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Every reasonable effort has been made to ensure that permission has been obtained for items included in DRO. If you believe that your rights have been infringed by this repository, please contact drosupport@deakin.edu.au.