Development of the Mechanism of Risk-Adjusted Scheduling and Cost Budgeting of R&D Projects in Telecommunications

We developed the mechanism of risk-adjusted scheduling and cost budgeting of research and development (R&D) projects in telecommunication. The relevance of this topic is explained by growing complexity and uncertainty of innovation activity; high importance of cost and time as key metrics of R&D projects’ performance. The paper addresses decreasing efficiency of existing mechanisms which poorly incorporate risks and fills the gaps in the research in this area. Results included development of the concept of the mechanism, its block diagram, the specification of its comprising tools, the step-by-step description of its phases. Unlike the “conventional” peers, the developed mechanism allows timely identification of uncertainties; facilitates robust and transparent evaluation of risks; focuses management efforts on key threats; and ensures remediation of risks earlier in the process thus improving speed and quality of decision making. These advantages let us conclude that the suggested mechanism should have a significant practical use.