Table 8 Characteristics and Operation of High-risk High-return R&D
From: A case study on the improvement of institution of “High-Risk High-Return R&D” in Korea
Classification | High-risk High-return R&D | |
|---|---|---|
Creative R&D | Challenging R&D | |
Characteristics of Project | Themes and research methods are creative. | Research goals are challenging and risk-taking |
Setting of Goal | Emphasis on creativity based on various research methods | Challenging goals that are difficult to achieve (Allowing moving targets considering changes in external environment) |
Project Planning | Centered on free participation (researcher-centered bottom-up planning priority) | Free participation + Designated participation (top-down planning through PD/PM) |
Project Management | Increased flexibility of project evaluation and research funding (e.g. strengthening selection evaluation, shortening annual/step evaluation, ensuring continuity and accountability of evaluators, flexible use of research grants) | |
Project Scale | Undesignated project (centered on small projects), field-designated project (centered on large projects) | Various configurations according to target difficulty level |
Project Performance Index | Review focusing on appropriateness of operational method | Review focusing on goal achievement |