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The CFOs’ Guide to Technology Roadmapping confronts the important issue of how CFOs can add discipline to the R&D process, especially in highly innovative industries, and use Technology Roadmaps to better identify the link between risk, investment and spending. Technology Roadmaps are documents that can be used as a reference point when choosing and managing R&D projects. They provide an overview of the future needs and technical challenges facing an industry and outline possible solutions.
The report finds that success in R&D is not solely dependent on the amount of time and money spent, but is also about collaboration and cross-departmental teamwork. It reveals that CFOs often leave important decisions, such as the selection of strategically worthwhile projects and how to reduce the likelihood of project failure, to others.
Key Findings
The choice of appropriate R&D projects is highly interdependent on the future strategy of an industry. CFOs can use the information in the Technology Roadmap to evaluate their firm’s project appraisal process and consider if it gives a clear picture of the risks. The Technology Roadmap provides a basis for: