RESULTS
The Need for Improved Risk Management Methods in South Australia
All of the interviewees agreed that risk management is vital to the success of R&D projects. However, the various risk management methodologies currently adopted within the interviewees’ organisations varied in their maturity and level of formality. Those with methodologies in their infancy were content to continue using them to enable a proper assessment of their performance and therefore suggested that a new methodology was not required at this point in time. Overall, out of the nine Project Managers interviewed, 77.8% believed that their respective organisations would benefit from a new, more structured risk management methodology for their R&D projects with the following provisos:
1. The new methodology would need to be flexible and adaptable to accommodate the uncertainty associated with the research component of R&D projects. For example, a methodology that comprises a baseline set of processes, procedures and templates that could be tailored to suit each individual project was suggested as a good starting point.
2. The new methodology must not be intrusive, i.e., it must involve relatively simple processes and procedures such that it does not impose a significant overhead to the execution of the project.
RESULTS
The Need for Improved Risk Management Methods in South Australia
All of the interviewees agreed that risk management is vital to the success of R&D projects. However, the various risk management methodologies currently adopted within the interviewees’ organisations varied in their maturity and level of formality. Those with methodologies in their infancy were content to continue using them to enable a proper assessment of their performance and therefore suggested that a new methodology was not required at this point in time. Overall, out of the nine Project Managers interviewed, 77.8% believed that their respective organisations would benefit from a new, more structured risk management methodology for their R&D projects with the following provisos:
1. The new methodology would need to be flexible and adaptable to accommodate the uncertainty associated with the research component of R&D projects. For example, a methodology that comprises a baseline set of processes, procedures and templates that could be tailored to suit each individual project was suggested as a good starting point.
2. The new methodology must not be intrusive, i.e., it must involve relatively simple processes and procedures such that it does not impose a significant overhead to the execution of the project.
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