Abstract
A method of evaluating research and development projects is described. The method is based on the use of an evaluation chart. The main purpose of the chart is to calculate a project score which is a measure of a selected evaluation criterion. A method of constructing a chart is illustrated using a project index as the evaluation criterion. The chart contains a list of twelve questions, the answers to which are assumed to be the main determinants of the variables in the formula of the index. Each question is followed by a set of answers from which a choice is to be made, and underneath each answer is a numerical score. The numerical scores are logarithmic functions of the answers to which they relate, and when added together give a project score which is a logarithmic function of the index. Various methods of using the chart, and a suggested evaluation procedure, are also described.
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Paper presented at a Conference on Aids to Research Management on 30 November 1966, organized by R & D Study Group.
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Hart, A. A Chart for Evaluating Product Research and Development Projects. J Oper Res Soc 17, 347–358 (1966). https://doi.org/10.1057/jors.1966.71
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DOI: https://doi.org/10.1057/jors.1966.71