Strategic program management in a constrained product development environment

Abstract

Enterprises involved in research and development are often confronted with making decisions for allocating resources between multiple programs and projects. This work addresses the problem of managing research projects and programs in such organizations. This work presents how to allocate resources among the competing projects, whose properties are only partially known initially and better understood as time passes. This work presents a system theoretic program level management tool customized for research and product development organizations. Good practices from Systems Engineering, Product Development and Project Management are included in the analysis. This work also presents an implementation framework with a real case example with supporting quantitative results at an Engineering Product Development Organization.