A risks and opportunities management approach for organizations dealing with complex R&D projects.

Risk management as it pertains to R&D projects developed in a research technology organization (RTOs) represents a very particular set of challenges. Each project operates in a distinct environment in which risks/opportunities are distinct and require a bespoke risk management strategy. This article proposes a holistic approach to risks and opportunities management that has been proven in more than 400 R&D projects during five years in the information and communication technologies sector. An integrated risk management approach that spans all potential risks allows to cope with dynamic environments and achieve the goals of being an effective, and sustainable manager of complex projects. The findings of the paper are underwritten by a survey of peer institutions that show a high degree of heterogeneity in the area of risk management practice and suggests the need for greater harmonization. Overall, the selection of appropriate indicators and evaluation rates for risk and opportunity identification is a cornerstone of this article. To date, no specific research has been conducted on risk management methodologies for complex R&D projects in RTO organizations. [ABSTRACT FROM AUTHOR]

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