Implementation and Evaluation of Research and Development Policy
All Research and Development projects are assigned an ‘owner’. ‘Owners’ represent an end point for project monitoring and reporting purposes. However, many other Directors and Employees of Next Challenge may be involved in implementation of Research and Development projects at any one time.
Employees may request to contribute to projects, or task breakdowns may be assigned to employees based on their skill set and availability. The owner of the project maintains responsibility and provides quality checking regardless of who is involved in implementing particular tasks.
All projects and services initiated by Next Challenge are subject to the same evaluation. When in the Development and Research stage, projects and services may be evaluated a number of times before the Directors agree to inclusion of that service as ‘standard’ operation.
Evaluation is based on analysis of both actual and perceived/intangible costs and benefits.
Process owners are required to present the evaluation and supporting documents to the Board of Directors if the recommendation is the introduction or continuation of the service/product.
Date of Policy: October 2003
Date Review Completed: October 2020
Due for Review: August 2022
Employees may request to contribute to projects, or task breakdowns may be assigned to employees based on their skill set and availability. The owner of the project maintains responsibility and provides quality checking regardless of who is involved in implementing particular tasks.
All projects and services initiated by Next Challenge are subject to the same evaluation. When in the Development and Research stage, projects and services may be evaluated a number of times before the Directors agree to inclusion of that service as ‘standard’ operation.
Evaluation is based on analysis of both actual and perceived/intangible costs and benefits.
Process owners are required to present the evaluation and supporting documents to the Board of Directors if the recommendation is the introduction or continuation of the service/product.
Date of Policy: October 2003
Date Review Completed: October 2020
Due for Review: August 2022
