9 Topics
5 Days
45 Sessions
Programme Overview
Training Description
- Research programme managers
- Project and programme managers
- Technology and product-development managers
- Strategy and business-planning professionals
- Corporate investment professionals
- Commercialization and technology-transfer professionals
- Business development professionals
- Procurement and contract-management professionals
- Risk-management professionals
- Senior executives responsible for R&D, innovation, investment, and organizational growth
Session Objectives
- Understand the unique financial drivers of R&D and innovation. Develop agile and flexible budgeting models for uncertain projects. Master techniques for valuing intangible assets and intellectual property. Implement effective risk management and mitigation strategies. Create a compelling financial business case for new projects.
About the Course
Curriculum & Topics
9 Topics | 45 Sessions
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Workshop 1.1:
Understanding the difference between R&D, operational, and capital costs.
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Workshop 1.2:
Key financial performance indicators (KPIs) for innovation.
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Workshop 1.3:
The concept of the "innovation funnel" and its financial implications.
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Workshop 1.4:
Budgeting for early-stage ideation and discovery.
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Workshop 1.5:
Accounting for both successful projects and unavoidable failures.
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Workshop 2.1:
Quantifying risk and uncertainty in research and development.
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Workshop 2.2:
Techniques for valuing intangible assets and intellectual property.
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Workshop 2.3:
Using scenario analysis and Monte Carlo simulations for forecasting.
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Workshop 2.4:
Risk mitigation strategies for R&D budgets.
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Workshop 2.5:
Building contingency plans and financial reserves.
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Workshop 3.1:
Implementing agile and lean budgeting frameworks.
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Workshop 3.2:
The application of zero-based budgeting to R&D projects.
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Workshop 3.3:
Creating a rolling forecast for innovation spend.
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Workshop 3.4:
Aligning budget cycles with project milestones and gates.
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Workshop 3.5:
Balancing top-down mandates with bottom-up project needs.
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Workshop 4.1:
Structuring budgets by project phase, from discovery to commercialization.
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Workshop 4.2:
Tracking expenses and resource allocation throughout the lifecycle.
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Workshop 4.3:
Key performance indicators for R&D projects.
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Workshop 4.4:
Using dashboards for real-time budget monitoring.
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Workshop 4.5:
Managing scope creep and budget variances.
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Workshop 5.1:
Developing a compelling financial justification for R&D projects.
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Workshop 5.2:
Pitching innovation budgets to senior leadership.
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Workshop 5.3:
Analyzing the total addressable market (TAM) and market potential.
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Workshop 5.4:
Calculating return on investment (ROI) for uncertain projects.
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Workshop 5.5:
Exploring internal and external funding sources.
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Workshop 6.1:
Budgeting for patent, trademark, and copyright expenses.
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Workshop 6.2:
Estimating legal fees for intellectual property (IP) protection.
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Workshop 6.3:
The cost of licensing and technology transfer agreements.
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Workshop 6.4:
Budgeting for freedom-to-operate analyses.
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Workshop 6.5:
Managing expenses related to IP infringement and litigation.
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Workshop 7.1:
Understanding eligibility for R&D tax credits and deductions.
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Workshop 7.2:
Budgeting for the application and compliance processes.
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Workshop 7.3:
Identifying and applying for government grants and subsidies.
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Workshop 7.4:
The financial impact of grant funding on your budget.
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Workshop 7.5:
Navigating the paperwork and reporting requirements.
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Workshop 8.1:
The concept of a balanced R&D portfolio.
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Workshop 8.2:
Allocating resources across different risk levels and project types.
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Workshop 8.3:
Using portfolio management software for financial oversight.
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Workshop 8.4:
Decision-making for project termination or continuation.
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Workshop 8.5:
Measuring the long-term impact of the R&D portfolio.
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Workshop 9.1:
Budgeting for AI, machine learning, and automation projects.
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Workshop 9.2:
The financial implications of open innovation and partnerships.
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Workshop 9.3:
Managing budgets for digital transformation initiatives.
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Workshop 9.4:
Emerging best practices in R&D finance.
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Workshop 9.5:
Anticipating and budgeting for future technological shifts.
