MS 58 IGNOU MBA Solved Assignment - What are the different types of R&D projects? Explain the concept of project life cycle with examples relating to a specific technology or product.

What are the different types of R&D projects? Explain the concept of project life cycle with examples relating to a specific technology or product.

In cases requiring preliminary investigations to determine the technical feasibility or market acceptability of a new product or process concept, KORIL-RDF may grant up to USD 30,000 as its 50% share of the cost of conducting the feasibility tests. Such awards are made with the understanding that a formal proposal for a full-scale project will be submitted by the companies, should the feasibility results prove positive.

KORIL-RDF Chief Executive has the authority to approve feasibility projects. In this context, the decision will take into consideration third party expert advice from technical experts in both countries.
The total recognized cost of such mini-project is about USD 200,000 or less, and the maximum duration is approximately one year. Grants are a maximum of USD 100,000, or 50% of actual project costs, which ever is lower. Commercialization is an expected goal for such project.

Mini-project proposal preparation formalities will be less stringent than those associated with a full-scale project. However, the same criteria regarding business/technical capabilities and commercial potential are applied.

Proposals for mini-projects will be acted upon throughout the year, and a definitive response to such proposals will be given within 8 weeks with appropriate evaluation and assessment process. Once approved, mini-projects are implemented under the same agreements as full-scale projects. 
The total recognized cost of such mini-project is about USD 200,000 or less, and the maximum duration is approximately one year. Grants are a maximum of USD 100,000, or 50% of actual project costs, which ever is lower. Commercialization is an expected goal for such project.
Mini-project proposal preparation formalities will be less stringent than those associated with a full-scale project. However, the same criteria regarding business/technical capabilities and commercial potential are applied.

Proposals for mini-projects will be acted upon throughout the year, and a definitive response to such proposals will be given within 8 weeks with appropriate evaluation and assessment process. Once approved, mini-projects are implemented under the same agreements as full-scale projects. 
Mini-project proposal preparation formalities will be less stringent than those associated with a full-scale project. However, the same criteria regarding business/technical capabilities and commercial potential are applied.
Proposals for mini-projects will be acted upon throughout the year, and a definitive response to such proposals will be given within 8 weeks with appropriate evaluation and assessment process. Once approved, mini-projects are implemented under the same agreements as full-scale projects. 
Proposals for mini-projects will be acted upon throughout the year, and a definitive response to such proposals will be given within 8 weeks with appropriate evaluation and assessment process. Once approved, mini-projects are implemented under the same agreements as full-scale projects.
The Korean and the Israeli company jointly submit a two-part proposal to KORIL.

- Part I is to describe the technical aspects, which include: 
The Korean and the Israeli company jointly submit a two-part proposal to KORIL.
- Part I is to describe the technical aspects, which include: 
- Part I is to describe the technical aspects, which include:
¡¤ the proposed R&D project detailing the schedule and the involvement of the two parties
- Part II is the business plan, which should describe the following:
¡¤ Commercialization - i.e., respective company roles; manufacturing/production; marketing
¡¤ Strategies; projected return on investment
¡¤ Cooperation & benefits shared financial exposure; projected benefits for each party
¡¤ Organization & management plan
¡¤ Company & personnel descriptions
¡¤ Project budget for both companies

• Define

• Plan

• Do It!

• Close

• Initiate, Speculate, Explore, Adapt and Close

• Define, Plan, Execute and Deliver

• Project Charter

• Governance Structure

• Communication Plan

• Risk Assessment

• Budget Plan

• Meeting Notes

• Project Charter

• Governance Structure

• Statement of Guiding Principles

• Team Contract

• Communication Plan

• Risk Assessment & Management Plan

• Budget Plan

• Meeting Notes

1. Integration (Coordination, Planning, Change Control)

1. Scope

1. Time (Schedule)

1. Cost (Budget)

1. Quality

1. Human Resources (Staffing)

1. Communications

1. Risk

1. Procurement

• Scope Statement

• Schedule – Basic

• Competitive Bids & Purchase Order

• Communication Bulletins

• Meeting Notes

• Scope Statement

• Risk Assessment & Management Plan

• Budget Plan

• Procurement Plan

• Staffing Plan

• Quality Assurance Plan

• Plan for Managing Issues

• Statement of Intended Operations Organization

• Schedules – Full

• Communications Bulletins

• Meeting Notes

• Keeping people informed about progress of the project, ensuring project priorities are understood and translated into which activities are "in progress."

• Monitoring the environment, anticipating problems and taking action to counter any issues affecting the project scope, schedule or budget.

• Reviewing change requests with the project team and recommending whether they will be done within the project or not. Change requests may result.

• Meeting Notes

• Status Reports (includes risk log)

• Schedules

• Issue Resolution Log

• Project Delay Log

• Meeting Notes

• Status Reports (includes risk log)

• Schedules

• Issue Resolution Log

• Project Delay Log

• Change Requests

• Lessons Learned

• Closing Report

• Lessons Learned

• Closing Report

Two companies (from Korea and Israel) considering a partnership may decide to define an initial project of modest size rather than plunge into a higher cost full-scale project of longer duration. Such smaller scale projects can apply for KORIL-RDF fund under the category of mini-project. 

A full-scale project is defined as one in which the total recognized cost is over USD 200,000 and the maximum KORIL-RDF contribution to the cost of the project is up to USD 1,000,000. Maximum duration of such project is 3 years. 

¡¤ the innovation

¡¤ Market potential - i.e., potential size; competitive edge, etc. 

The Project Life Cycle consists of four phases:

Note: Depending on the project management method used, the project life cycle phases may be referred to in other terms, such as:

ICT uses Confluence wiki spaces as a collaboration tool throughout the life of a project and as a repository of project management (and other) information after a project closes. 

The Project Office maintains a set of wiki templates/outlines which can be copied at the start a new project.  The templates are updated regularly with both clarifications coming from "lessons learned" and assumption materials.  At the start of a project, the wiki space is "tailored" to the work being undertaken.

To meet with a member of the PSO contact its_pso@usask.ca; we will work with you to set up the most appropriate wiki space for your project.  Also, we'll ensure your project enters the ICT project system and that the PM is aware of the project management requirements that may apply to the project.

Define

In this phase, solutions to an academic or business opportunity are evaluated and the preferred approach is defined. The project team decides what they intend to produce (deliverables) and how they will know they have completed the project.

Participants involved in developing the project proposal and business needs documents include the sponsor, business process owner(s), project manager, business analyst(s) and technical architect.

The Business Case precedes a project's definition and explains why the project is being initiated. Projects can be initiated to create a final business case; in that situation, a Preliminary Business Case to confirm strategic fit and business need, typically no more than one or two pages, sets the groundwork for a project that will have a full business case as its result.

In larger projects, the completion of each software cycle deliverable provides a "gate" at which a decision to continue to the next step can be made. In smaller projects, the steps may be combined or occur in rapid succession. Seesize of projects and types of project risks to determine what templates and examples you will need to follow: basic or full. Project management processes produce the following deliverables during the definition stage of the project life cycle:

Basic Project

Full Project

The final activity in the definition stage is launching the project. A "kick-off" meeting with sponsor, business process owners and full project staff ensures that everyone is familiar with the business need being addressed, the principles guiding the work, the development and project management method being used and the overall release schedule. Professional development requirements are discussed in terms of the skill development plan for the project during the planning; if required, training sessions are scheduled very soon after the launch.

^ TOP ^

Plan

This is the phase of the project where the concept is verified and developed into a workable plan for implementation. The objectives are defined along with the required deliverables.

The purpose of this stage is to develop the project management plans across the following areas:

At this stage the core project team is formed. It includes the business process owner(s), project manager, clerical support, business analyst, subject matter expert, technical architect, technical lead, programmer and database administrator.

Key stakeholders or representative key stakeholders are consulted and advisory committees or task groups are identified and formed.

Remaining skills and personnel requirements are identified and assignment or hiring proceeds.

Project management processes produce the following deliverables during the planning stage of the project life cycle:

Basic Project

Full Project

^ TOP ^

Do It!

This is the phase of the project where the project plan is carried out. Projects proceed in different ways depending on the required project outcomes as well as the schedule, staffing and cost constraints. Project management activity during this phase involves:

Project management processes produce the following deliverables during the execution stage of the project life cycle:

Basic Project

Full Project

^ TOP ^

Close

The project process is completed and documented, and the finished product is transferred to the care and control of the owner. The long-term objective is to build a project management repository to document best practices, lessons learned, and examples of various documents that may be developed during a project.

Project management processes produce the following deliverables during the closing stage of the project life cycle:

Basic Project

Full Project

And we celebrate!