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Evaluating and accurately monitoring R&D projects across their life cycle is difficult. The project manager is constantly bombarded with a variety of information to consider and issues to resolve. Human conflicts, time pressures, and budgetary constraints can relegate the project manager to the role of a firefighter, spending his or her time extinguishing blazes before they get out of hand. While project managers are often the first to admit the need for better monitoring techniques throughout the life of their projects, surprisingly few tools exist for their use. As a result, many managers are continually forced to rely on rules of thumb, past historical data, and simplistic formulas in attempting to assess the periodic “health” of their projects.

A recent study was conducted to help project managers gain a clearer understanding of those factors which are critical to the successful implementation of R&D projects. The 159 R&D …