Abstract
We developed the mechanism of risk-adjusted scheduling and cost budgeting of research and development (R&D) projects in telecommunication. The relevance of this topic is explained by growing complexity and uncertainty of innovation activity; high importance of cost and time as key metrics of R&D projects’ performance. The paper addresses decreasing efficiency of existing mechanisms which poorly incorporate risks and fills the gaps in the research in this area. Results included development of the concept of the mechanism, its block diagram, the specification of its comprising tools, the step-by-step description of its phases. Unlike the “conventional” peers, the developed mechanism allows timely identification of uncertainties; facilitates robust and transparent evaluation of risks; focuses management efforts on key threats; and ensures remediation of risks earlier in the process thus improving speed and quality of decision making. These advantages let us conclude that the suggested mechanism should have a significant practical use.
This is a preview of subscription content, log in via an institution to check access.
Access this chapter
Tax calculation will be finalised at checkout
Purchases are for personal use only
Similar content being viewed by others
Notes
- 1.
Research performed by Dos Santos [9] revealed that in the United States 80% of R&D projects failed before completion while among the survivors 49% exceeded expected costs; almost 63% of these projects ran late.
References
Glukhov, V., Balashova, E.: Economics and Management in Infocommunication: Tutorial. Piter, Saint Petersburg (2012)
Guseva, I., Covyrzina, K.: The algorithm of the R&D management and control involving controlling system. Controlling 53, 50–56 (2014)
Nekrasova, T.P., Aksenova, E.E.: Economic Evaluation of Investments in Telecommunication Industry. St. Petersburg State Polytechnical University, Saint Petersburg (2011)
Sazonov, A., Dzhamay, V., Povekvechnykh, S.: Analysis of efficiency of implementation of CALS technologies on the example of domestic aviation. Organizator proizvodstva (Organ. Prod.) 26(1), 84–92 (2018)
Suloeva, S., Gultceva, O.: Complex R&D cost management system. Organizator proizvodstva 25(4), 57–66 (2017)
Moody’s telecommunication industry outlook. https://www.moodys.com/Pages/rr003_0.aspx?bd=00300300B&ed=&rd=00300300B&tb=0&po=0&sb=&sd=&lang=en&cy=global&searchfrom=SearchWithin&kw=Telecom. Accessed 01 May 2018
Deloitte: Technology, Media and Telecommunications Predictions (2018). https://www2.deloitte.com/cn/en/pages/technology-media-and-telecommunications/articles/tmt-predictions-2018.html. Accessed 01 May 2018
Grekul, V., Korovkina, N., Kuprianov, Y.: Project Management in Information Technology Sphere, 2nd edn. BINOM Laboratory of Knowledge, Moscow (2015)
Dos Santos, F., Cabral, S.: FMEA and PMBoK applied to project risk management. J. Inf. Syst. Technol. Manag. 5(2), 347–364 (2008)
Zhe, X., Jing, Y., Hogobo, L.: Analyzing integrated cost-schedule risk for complex R&D project. J. Appl. Math. 1, 2–12 (2014)
Mikhailova, E., Remizova, N.: Budgeting in organizations which develop the tools for aviation complexes. Electron. J. Trydi Mai 69, 24–29 (2013)
Sviridenko, V.: Complex cost management system in industrial enterprises. St. Petersburg State Polytechnical Univ. J. Econ. 4(199), 59–65 (2014)
Carbone, T., Tippett, D.: Project risk management using the project risk FMEA. Eng. Manag. J. 16(4), 28–35 (2004)
Bekleshov, V., Zavlin, P.: Norming in Research and Development Organizations. Economica, Moscow (1989)
Luppino, R., Hosseini, M., Rameezdeen, R.: Risk management in research and development projects. The case of South Australia. Asian Acad. Manag. J. 19(2), 67–85 (2014)
Grichounine, S.: Developing the mechanism of qualitative risk assessment in strategic controlling. St. Petersburg State Polytechnical Univ. J. Econ. 10(2), 64–74 (2017)
Batkovskiy, A., Konovalova, A., Semenova, E., Trofimets, V., Fomina, A.: Risks of development and implementation of innovative projects. Mediterr. J. Soc. Sci. 6(4), 243–253 (2015)
Isidore, L., Back, W.: Probabilistic optimal-cost scheduling. J. Constr. Eng. Manag. 127(6), 431–437 (2001)
Grishunin, S., Suloeva, S.: Strategic controlling and anti-crisis management. In: Strategy and Tactics of Anti-Crisis Management of a Firm. Specialnaya Literatura, Saint-Petersburg (1996)
Taylor, B.: Project management using GERT analysis. Proj. Manag. Q. 9(3), 15–20 (1978)
Wyrozębski, P., Wyrozębska, A.: Challenges of project planning in the probabilistic approach using PERT, GERT and Monte Carlo. J. Manag. Mark. 1(1), 101–107 (2003)
Grishunin, S., Mukhanova, N., Suloeva, S.: Development of concept of risk controlling for industrial enterprise. Organizator proizvodstva 26(1), 45–56 (2018)
Sidorenko, A., Demidenko, E.: Guide to effective risk management 2.0, URL: https://www.risk-academy.ru/en/download/risk-management-book. Accessed 07 May 2018
Pleskunov, M.: The Tasks of Network Planning: Tutorial. The Publishing House of Urals University, Ekaterinburg (2014)
Author information
Authors and Affiliations
Corresponding authors
Editor information
Editors and Affiliations
Rights and permissions
Copyright information
© 2018 Springer Nature Switzerland AG
About this paper
Cite this paper
Grishunin, S., Suloeva, S., Nekrasova, T. (2018). Development of the Mechanism of Risk-Adjusted Scheduling and Cost Budgeting of R&D Projects in Telecommunications. In: Galinina, O., Andreev, S., Balandin, S., Koucheryavy, Y. (eds) Internet of Things, Smart Spaces, and Next Generation Networks and Systems. NEW2AN ruSMART 2018 2018. Lecture Notes in Computer Science(), vol 11118. Springer, Cham. https://doi.org/10.1007/978-3-030-01168-0_41
Download citation
DOI: https://doi.org/10.1007/978-3-030-01168-0_41
Published:
Publisher Name: Springer, Cham
Print ISBN: 978-3-030-01167-3
Online ISBN: 978-3-030-01168-0
eBook Packages: Computer ScienceComputer Science (R0)