The feasibility study is an analysis that objectively and rationally uncover the strengths and weaknesses of an existing business or project, the opportunities and threats present in the environment, the resources required to carry through, and ultimately the prospects for success. A feasibility study evaluates the project's potential for success.
Published in Chapter:
Innovation Management in Research and Development Projects: Key Performance Factors Oriented to Industrialization of Results and Market
Arturo Cordón-Pérez (University of Cantabria, Spain), Pedro Solana-González (University of Cantabria, Spain), Daniel Pérez-González (University of Cantabria, Spain), and Sara Trigueros-Preciado (University of Cantabria, Spain)
Copyright: © 2018
|Pages: 21
DOI: 10.4018/978-1-5225-3012-1.ch008
Abstract
This chapter studies the challenge of the management of the R&D and innovation (hereafter R&D+i) projects considering an empirical focus through an in-depth analysis of R&D+i project sample developed for industrial companies. This work evidences that, in order to innovation projects would be a success, it is necessary to ensure the participation of all stakeholders, from the conceptual and design phase of the project to the industrial-production and market phases and it must be taken into account the processes of watching and competitive intelligence, the continuous assessment of the viability of the projects, the industrialization of the results, and the innovation through the operating plans focused towards the market. Accordingly, the chapter presents the key performance factors to take into account for the improvement of R&D+i projects management and results.