NPD Project Evaluation in the Manufacturing Industry
(2015) FEKN90 20151Department of Business Administration
- Abstract
- Title: NPD Project Evaluation in the Manufacturing Industry
Seminar date: 26 May 2015
Course: FEKN90
Authors: Carl Ekbom and Alexander Wrange
Supervisor: Ph.D. Christian Koch
Key words: NPD projects, evaluation methods, evaluation criteria, portfolio management, manufacturing industry
Purpose: The purpose of this thesis is to increase the understanding of how new project de-velopment (NPD) projects can be evaluated in terms of methods and processes. Furthermore, it aims at scrutinizing the impacts of actors and structures on the evaluation process. Moreo-ver, it aims at identifying what challenges and trade-offs companies face when choosing eval-uation methods and organising processes for NPD project evaluation.
Method: Qualitative... (More) - Title: NPD Project Evaluation in the Manufacturing Industry
Seminar date: 26 May 2015
Course: FEKN90
Authors: Carl Ekbom and Alexander Wrange
Supervisor: Ph.D. Christian Koch
Key words: NPD projects, evaluation methods, evaluation criteria, portfolio management, manufacturing industry
Purpose: The purpose of this thesis is to increase the understanding of how new project de-velopment (NPD) projects can be evaluated in terms of methods and processes. Furthermore, it aims at scrutinizing the impacts of actors and structures on the evaluation process. Moreo-ver, it aims at identifying what challenges and trade-offs companies face when choosing eval-uation methods and organising processes for NPD project evaluation.
Method: Qualitative multiple-case study of three large manufacturing companies in Sweden, with embedded design and influence from action research.
Theoretical perspectives: Theories in financial project evaluation, project evaluation criteria, agency theory, portfolio management
Empirical foundation: Semi-structures, in-depth interviews with a total of ten managers with different functions at the three case companies.
Conclusions: Financial methods are essential for NPD project evaluation, but complementary criteria that consider the complexity of NPD projects are necessary to include. Portfolio man-agement can be used as a process to combine financial methods and complementary criteria. The impact of actors limits objectivity, but they provide important knowledge and experience. The structures serve as a cross-functional framework to guarantee the involvement of actors from different functions in the evaluation process. Companies face several challenges in rela-tion to NPD project evaluation and have to choose between using a comprehensible or sophis-ticated evaluation method, a common method or different methods, and the same set of crite-ria for all projects or use different sets for different types of projects. (Less)
Please use this url to cite or link to this publication:
http://lup.lub.lu.se/student-papers/record/5468995
- author
- Ekbom, Carl-Edvin and Wrange, Alexander LU
- supervisor
- organization
- course
- FEKN90 20151
- year
- 2015
- type
- H1 - Master's Degree (One Year)
- subject
- keywords
- NPD projects, evaluation methods, evaluation criteria, portfolio management, manufacturing industry
- language
- English
- id
- 5468995
- date added to LUP
- 2015-06-08 14:51:48
- date last changed
- 2015-06-08 14:51:48
@misc{5468995, abstract = {{Title: NPD Project Evaluation in the Manufacturing Industry Seminar date: 26 May 2015 Course: FEKN90 Authors: Carl Ekbom and Alexander Wrange Supervisor: Ph.D. Christian Koch Key words: NPD projects, evaluation methods, evaluation criteria, portfolio management, manufacturing industry Purpose: The purpose of this thesis is to increase the understanding of how new project de-velopment (NPD) projects can be evaluated in terms of methods and processes. Furthermore, it aims at scrutinizing the impacts of actors and structures on the evaluation process. Moreo-ver, it aims at identifying what challenges and trade-offs companies face when choosing eval-uation methods and organising processes for NPD project evaluation. Method: Qualitative multiple-case study of three large manufacturing companies in Sweden, with embedded design and influence from action research. Theoretical perspectives: Theories in financial project evaluation, project evaluation criteria, agency theory, portfolio management Empirical foundation: Semi-structures, in-depth interviews with a total of ten managers with different functions at the three case companies. Conclusions: Financial methods are essential for NPD project evaluation, but complementary criteria that consider the complexity of NPD projects are necessary to include. Portfolio man-agement can be used as a process to combine financial methods and complementary criteria. The impact of actors limits objectivity, but they provide important knowledge and experience. The structures serve as a cross-functional framework to guarantee the involvement of actors from different functions in the evaluation process. Companies face several challenges in rela-tion to NPD project evaluation and have to choose between using a comprehensible or sophis-ticated evaluation method, a common method or different methods, and the same set of crite-ria for all projects or use different sets for different types of projects.}}, author = {{Ekbom, Carl-Edvin and Wrange, Alexander}}, language = {{eng}}, note = {{Student Paper}}, title = {{NPD Project Evaluation in the Manufacturing Industry}}, year = {{2015}}, }