Value of project management in university–industry R&D collaborations
International Journal of Managing Projects in Business
ISSN: 1753-8378
Article publication date: 12 March 2020
Issue publication date: 11 June 2020
Abstract
Purpose
University–industry projects provide special challenges in understanding and expressing the values required of project management (PM) in delivering stakeholder benefits. This paper presents a framework for understanding, identifying and managing the values of PM in major university–industry R&D projects.
Design/methodology/approach
The value framework identifies for each of the key stakeholders, the key PM values that may require to be managed and are largely derived from research literature. Empirical research then explores, prioritises and selects key PM values that need to be managed for a specific project. A large case study is used involving one university and one industry collaborating on a multi-million Euro initiative over six years. Empirical research was conducted by researchers who observed at close quarters, the challenges and successes of managing the competing values of key stakeholders.
Findings
The value framework takes a stakeholders' perspective by identifying the respective PM values for each of six stakeholders: university–industry consortium, university, industry, R&D external entities, funding entity and society.
Research limitations/implications
The research was performed using only one case study which limits the generalisability of its findings; however, the findings are presented as a decision support aid for project consortia in developing values for their own collaboration.
Practical implications
Guidance and decision support are provided to multi-stakeholder research consortia when selecting values that need to be managed for achieving tangible and intangible project benefits.
Originality/value
The paper demonstrates a proposed framework for designing and managing the value of PM in large multi-stakeholder university–industry R&D projects.
Keywords
Acknowledgements
This work was supported by the FCT–Fundação para a Ciência e a Tecnologia; under Grant SFRH/BPD/111033/2015. The authors gratefully acknowledge the contributions of the 27 participants in the interview phase of the research. Without their support this work would not have been possible.
Citation
Fernandes, G., O' Sullivan, D., Pinto, E.B., Araújo, M. and Machado, R.J. (2020), "Value of project management in university–industry R&D collaborations", International Journal of Managing Projects in Business, Vol. 13 No. 4, pp. 819-843. https://doi.org/10.1108/IJMPB-08-2019-0191
Publisher
:Emerald Publishing Limited
Copyright © 2020, Emerald Publishing Limited