Financial Analytics: Science and Experience

Using the project methodology for innovative development works execution

Vol. 10, Iss. 10, OCTOBER 2017

Received: 8 August 2017

Received in revised form: 8 September 2017

Accepted: 15 September 2017

Available online: 16 October 2017


JEL Classification: L64, O30, O32

Pages: 1115–1130

Yashin S.N. National Research Lobachevsky State University of Nizhny Novgorod, Nizhny Novgorod, Russian Federation

Ivanov A.A. National Research Lobachevsky State University of Nizhny Novgorod, Nizhny Novgorod, Russian Federation

Ivanova N.D. Nizhny Novgorod State Technical University n.a. R.E. Alekseev, Nizhny Novgorod, Russian Federation

Importance The complexity, international and multidimensional nature of challenges be dealt during the R&D activities necessitate improving the methodological approaches and principles. The article offers a solution based on the project approach.
Objectives The purpose of the study is to underpin the application of advanced tools of the management theory to innovative research and development.
Methods We apply general scientific methods of research, as well as the method of process costing, network modeling, risk assessment, ranking, etc.
Results We reveal the specifics of development projects from the systems approach perspective, and the problems arising in the course of innovation project management. We performed testing on the case of R&D project for innovative electronic equipment manufacturing. The paper substantiates the approach to work planning, a process simulation method and the choice of costing and pricing systems. Special focus is on the planning of project risk component and communications.
Conclusions Efficient R&D require advanced approaches to management, including the project management approach. The latter necessitates consideration of both quantitative and qualitative aspects. Risk management and planning and the simultaneous use of several methods of assessment are of utmost importance.

Keywords: project management, R&D, risk, radio electronic


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