nep-ppm New Economics Papers
on Project, Program and Portfolio Management
Issue of 2008‒11‒18
four papers chosen by
Arvi Kuura
Parnu College - Tartu University

  1. Assessing the assignation of public subsidies: Do the experts choose the most efficient R&D projects? By Nestor Duch-Brown; José García-Quevedo; Daniel Montolio
  2. Market Feedback and Team Commitment in Radical Product Innovation Process By Berchicci, L.; Tucci, C.L.
  3. Carbon markets, transaction costs and bioenergy By Cacho, Oscar
  4. Continuous Improvement and Innovation as an Approach to Effective Research and Development: A 'Trident' Evaluation of the Beef Profit Partnerships Project By Madzivhandila, Percy; Groenewald, Izak; Griffith, Garry; Fleming, Euan

  1. By: Nestor Duch-Brown (IEB, Universitat de Barcelona); José García-Quevedo (IEB, Universitat de Barcelona); Daniel Montolio (IEB, Universitat de Barcelona)
    Abstract: The implementation of public programs to support business R&D projects requires the establishment of a selection process. This selection process faces various difficulties, which include the measurement of the impact of the R&D projects as well as selection process optimization among projects with multiple, and sometimes incomparable, performance indicators. To this end, public agencies generally use the peer review method, which, while presenting some advantages, also demonstrates significant drawbacks. Private firms, on the other hand, tend toward more quantitative methods, such as Data Envelopment Analysis (DEA), in their pursuit of R&D investment optimization. In this paper, the performance of a public agency peer review method of project selection is compared with an alternative DEA method.
    Keywords: Subsidies, R&D, DEA, Multi Criteria Decision Analysis, “peer review”
    JEL: O32 C61 H25
    Date: 2008–11
  2. By: Berchicci, L.; Tucci, C.L. (Erasmus Research Institute of Management (ERIM), RSM Erasmus University)
    Abstract: Previous research has considered how exploratory market learning processes moderate market and technological uncertainty in radical product development. Scholars argue that new product development (NPD) teams may increase the chances of success of radically new projects by acquiring, assimilating and implementing new information from market feedback. However, research has not tackled how information is assimilated by the NPD team and to what extent the process of information implementation occurs. In this article, we begin to fill the need for such research by investigating the interaction between internal team values (beliefs and possibly ideology) and external market feedback / information in radical projects. Via the lens of a 2-year longitudinal participant-observation study, we suggest that information assimilation is not automatic, but rather influenced in interesting ways by internal team values. The findings imply that shared team values act as a selective assimilation mechanism determining whether a development team will act on user feedback. Furthermore, the type of information (e.g., functional vs. conceptual feedback) processed by the development team acts as a moderating factor on the relationship between the team values and information processing.
    Keywords: radical products;market feedback;team values;new product development;technological uncertainty;market learning
    Date: 2008–11–04
  3. By: Cacho, Oscar
    Abstract: Payment for carbon sequestration by agriculture and forestry can provide incentives for adoption of sustainable agricultural practices. However, a project involving contracts with farmers may face high transaction costs in showing that net emission reductions are real and attributable to the project. This paper presents a model of project participation that includes transaction and abatement costs. A project feasibility frontier (PFF) is derived, which shows the minimum project size that is feasible for any given market price of carbon. The PFF is used to analyse how the design of a climate mitigation program may affect the feasibility of actual projects.
    Keywords: Climate Policy, Greenhouse Effect, Carbon Sequestration, Agroforestry, Transaction Costs, Environmental Economics and Policy,
    Date: 2008
  4. By: Madzivhandila, Percy; Groenewald, Izak; Griffith, Garry; Fleming, Euan
    Abstract: Effective socio-economic service delivery is vital for alleviating poverty in developing countries. Increased financial support without complementary investment in service delivery mechanisms often results in little or no impact. This paper contributes to the discussion on how to maximize the impact of agricultural R&D. The case study examined is the South African Beef Profit Partnerships project that is underpinned by the Continuous Improvement and Innovation process. The evidence is presented using a €شrident€٠evaluation approach: a description and analysis of the process followed; the measurement of the outcomes achieved (impact); and the perspectives of the stakeholders involved.
    Keywords: Continuous Improvement and Innovation, Beef Profit Partnerships project, Socio-Economic Development, Sustainable Livelihoods, Research and Development, International Development, Research and Development/Tech Change/Emerging Technologies, Research Methods/ Statistical Methods,
    Date: 2008

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