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Pearson SL - R & D (Budget (How do we come up with the initial…
Pearson SL - R & D
Allocation of time
How this impacts the project work
How the communication is going to be managed
Once the process in place we have to do a wider communication on the initiative which will help us to get the buy in from product/PMO and other stakeholders group
R & D backlog
Visible to everyone
Structure and format
Approving R & D work
IRRB
Criteria to approve
Estimation
description
Importance of the idea
Relevance
Objective
Team level R & D
Can there be R & D items that are not specific to one team but will fulfill a generic requirement
Need to come up with the ideas during PC II and PC III level planning
Tracking the R & D work which is in progress
Who is going to manage this
Is it going to be self managed
Budget
Software
Tools
Infrastructure
How do we come up with the initial estimation
Budgeting for the time
Can we think about a % that could be spend by each individual and work out a budget based on that
Other R & D thoughts
Process
Ideation stage
Drivers
Customer needs
Need consumer insight skills
Potential relevance of emerging technologies
Development stage
Validation
Validation with stakeholders
Identify the risks
Market potential identification
commercialization phase
Piloting