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Berner & Mattner facilitates Method to calculate the Economic Value of R&D Projects
Cooperation with Vienna University of Economics and Business Administration(PresseBox) ( München, )
By means of the tools, which have been developed by Berner & Mattner in cooperation with Prof. Dr. Alfred Taudes of the Institute for Production Management at Vienna University of Economics and Business Administration, companies benefit from the developer's comprehensive knowledge and experience in optimizing complex R&D projects. The tool set supports companies in efficient research and development management, which is a prerequisite for innovative ability, growth and market success.
The tools include comprehensive questionnaires and check lists for the most complete and objective capture of relevant basic figures possible. In particular the evaluation of global calculation parameters such as the general probability of a project's success is largely subjective and thus understandable for only a few "project insiders". This form of documentation, however, also puts the evaluation across to other stakeholders and is thus very well suited for upper management thirdparty decisionmakers as well as for controlling and reporting.
The tools, which have been tested at a wellknown European railway infrastructure company, perform calculations mostly automatically; hence users do not require specialized knowledge in financial mathematics.
The customers get a double benefit: On the one hand decisionmakers gain insights into already realized projects and the expected economic benefit. On the other hand project leaders have at their disposal an easily manageable instrument for the continuous evaluation of future projects. In addition to the historical display of the project portfolio's success the economic efficiency calculations thus provide important support in financing decisions on future investments.
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