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Liburkina L. M.

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Scientific and Methodological Approaches to Assessing the Efficiency of Research and Development Works
Fadeyeva I. H., Gryniuk O. I., Kucheriaviy V. A.

Fadeyeva, Iryna H., Gryniuk, Oksana I., and Kucheriaviy, Volodymyr A. (2020) “Scientific and Methodological Approaches to Assessing the Efficiency of Research and Development Works.” Business Inform 2:66–73.
https://doi.org/10.32983/2222-4459-2020-2-66-73

Section: Innovative Processes

Article is written in Ukrainian
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UDC 338.001.36

Abstract:
Scientific research gives new knowledge, a part of which can lead to significant profits. However, assessing the efficiency of scientific activities is a challenge. The entry price for such researches can be measured in the number of years of efforts of a scientist, research team, department or program, or in terms of the required amount of funding for research. However, it is problematic to assess the performance of scientific activities. The article is aimed at elaborating an authors’ approach to determining the efficiency of research and development results based on modern evaluation instruments. In the course of the study, the authors described and analyzed existing approaches to assessing the efficiency of research and development works in order to find the best instrument that allows to take into account not only the theoretical and applied results of the research, but also the possibility of their commercialization in the future. We believe that the most efficient and informative method is the key performance indicators (KPI) method, which allows to assess not only the quantitative, but also the qualitative results of research. Nine generalized key performance indicators to assess the effectiveness of research are proposed. Also the performance indicators of research in terms of application of the earned value method are proposed. The consistent and comprehensive application of the instruments and methods reviewed in the article will allow to assess the efficiency of the research and development both at the beginning of the project evaluation and in the implementation process for adjustment purposes. This will help to avoid inefficient activities, save resources, both financial and material, and intellectual.

Keywords: research, efficiency, key performance indicators, efficiency criteria, assessment markers, earned value method, the project’s innovations assessment matrix.

Fig.: 3. Tabl.: 3. Formulae: 1. Bibl.: 9.

Fadeyeva Iryna H. – Doctor of Sciences (Economics), Professor, Head of the Department, Department of Finance, Ivano-Frankivsk National Technical University of Oil and Gas (15 Karpatska Str., Ivano-Frankіvsk, 76019, Ukraine)
Email: [email protected]
Gryniuk Oksana I. – Candidate of Sciences (Economics), Associate Professor, Department of Finance, Ivano-Frankivsk National Technical University of Oil and Gas (15 Karpatska Str., Ivano-Frankіvsk, 76019, Ukraine)
Email: [email protected]
Kucheriaviy Volodymyr A. – Head of, Department of Development of Regulatory Documents and Standardization, Subsidiary Enterprise «Scientific-research Institute of Oil and Gas Industry» of National Joint Stock Company (NJSC) «Naftogaz of Ukraine» (8 Kyivska Str., Vyshneve, Kyiv-Sviatoshynskyi district, Kyiv region, 08132, Ukraine)
Email: [email protected]

List of references in article

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Vinsand, E. “Methods for Measuring the Vakue of R&D projects in Nordic TSOs“. Master's Thesis. Norway, 2016. https://nmbu.brage.unit.no/nmbu-xmlui/bitstream/handle/11250/2449725/Vinsand2016.pdf?sequence=1&isAllowed=y
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Fleming, Q. W., and Koppelman, J. M. Earned Value Project Management. Project Management Institute, 2010.

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