What is research and development management?
Research and development management is a process and technique used to manage the amount of money and effort invested in research and development projects (research and development). Primary concepts used in research and development management include committees for supervision, cost accounting, project management and product management management. Research and development is most commonly observed in the production, scientific and product industry. Companies in these industries must devote sources of research and development within the long -term management strategy.
The first aspect of research and development management is to find out which projects need to be monitored. For example, a pharmaceutical company can evaluate the market for skin cream that fights wrinkles and decide that consumers are sufficient interest in the product to be profitable. The research and development team then checks the possibilities and asks the scientists to explore the possible solutions.
Product development team provides product manager with and project outline, complete with estimatedand the cost and time needed to develop the product. The product manager will discuss the proposal with the Committee for Supervision or Manage Research and Development. After reviewing and accepting, work can begin. Although there are more phases in this process, it provides support for top management for all initiatives as well as a solid understanding of costs and time line for each project.
cost accounting is an important aspect of any research and development system. Within the cost accounting program, every new project or initiative is assigned to the cost center. All equipment, supplies and material costs related to the project are charged to this account. In addition, employees monitor the time spent so that the cost of salary and benefits is also charged to the cost center. The purpose of this type of accounting is to have a clear record of amoun money spent on a specific project at any time.
in rResearch and development management and project management processes are used to create a time line, plan resources and milestone settings. A clearly defined project is much more likely to be successfully completed than the Fuzzy Requirements Project and without terms. The use of the project management plan results in better quality production in a shorter time frame.
Research and development management is the first phase of the product management system. Within this program, the total costs and revenue from the product are monitored from start to finish. This structure is very maintenance -intensive, but provides a lot of information to analyze success or failure of any initiative in the long run.