A study of R&D portfolio management among UK organisations

Marek Szwejczewski, Rick Mitchell, Fred Lemke

Research output: Contribution to journalArticle

6 Citations (Scopus)

Abstract

Portfolio management is a decision process where a company's list of active new products is constantly updated and revised. In this process, new products are evaluated, selected and prioritised, with resources being allocated accordingly. Portfolio management is considered to be an important activity, but research suggests that it may be one of the weakest areas in a company's new product development process. While many methods have been proposed, there have been very few studies of their actual usage, especially by UK-based companies. This paper presents research into how seven UK manufacturing companies (from several industrial sectors) managed their portfolios of Research and Development (R&D) projects.
Original languageEnglish
Pages (from-to)604-616
Number of pages13
JournalInternational Journal of Management and Decision Making
Volume7
Issue number6
DOIs
Publication statusPublished - 2006

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Keywords

  • innovation
  • new product development
  • portfolio management
  • risk
  • research and development

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