Forecasting impact of technology developed in RandD projects: The FITMAN approach

Kim Jansson, Iris Karvonen, Outi Kettunen, Martin Ollus, Clare J. Hooper, Vegard Engen, Brian Pickering, Mike Surridge, Mike Redwood

    Research output: Chapter in Book/Report/Conference proceedingConference article in proceedingsScientificpeer-review

    Abstract

    A typical two-or three-year research project has an impact that is only really visible after the project has come to an end, at a time when there are no resources to monitor that impact. As a consequence, projects need to estimate/predict their future impact before they end. In this paper we describe the impact activity monitoring method in the FITMAN project. This method addresses the problem by accounting for actions to raise impact during a project and the planning for such actions after a project has ended. We also describe the socio-economic impact assessment methodology created in FITMAN, showing how this links to the impact activity monitoring method. Key to both is the assessment and monitoring of impact in three different areas: industry, society and the scientific community. Each area represents different challenges and we discuss their relative value to the overall assessment. We also report on our early experiences of applying this to ten industry-led use case trials in the FITMAN project. The insights gained by applying these methodologies can be more widely applied across domains related to technology management.

    Original languageEnglish
    Title of host publication2015 IEEE International Conference on Engineering, Technology and Innovation/ International Technology Management Conference, ICE/ITMC 2015
    PublisherIEEE Institute of Electrical and Electronic Engineers
    ISBN (Electronic)9781467371568
    DOIs
    Publication statusPublished - 21 Mar 2016
    MoE publication typeA4 Article in a conference publication
    EventIEEE International Conference on Engineering, Technology and Innovation/ International Technology Management Conference, ICE/ITMC 2015 - Belfast, United Kingdom
    Duration: 22 Jun 201524 Jun 2015

    Conference

    ConferenceIEEE International Conference on Engineering, Technology and Innovation/ International Technology Management Conference, ICE/ITMC 2015
    CountryUnited Kingdom
    CityBelfast
    Period22/06/1524/06/15

    Fingerprint

    Monitoring
    Industry
    Lead
    Planning
    Economics
    RandD
    Methodology

    Keywords

    • forecasting
    • impact
    • impact monitoring
    • socio-economic impact assessment

    Cite this

    Jansson, K., Karvonen, I., Kettunen, O., Ollus, M., Hooper, C. J., Engen, V., ... Redwood, M. (2016). Forecasting impact of technology developed in RandD projects: The FITMAN approach. In 2015 IEEE International Conference on Engineering, Technology and Innovation/ International Technology Management Conference, ICE/ITMC 2015 [7438649] IEEE Institute of Electrical and Electronic Engineers . https://doi.org/10.1109/ICE.2015.7438649
    Jansson, Kim ; Karvonen, Iris ; Kettunen, Outi ; Ollus, Martin ; Hooper, Clare J. ; Engen, Vegard ; Pickering, Brian ; Surridge, Mike ; Redwood, Mike. / Forecasting impact of technology developed in RandD projects : The FITMAN approach. 2015 IEEE International Conference on Engineering, Technology and Innovation/ International Technology Management Conference, ICE/ITMC 2015. IEEE Institute of Electrical and Electronic Engineers , 2016.
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    abstract = "A typical two-or three-year research project has an impact that is only really visible after the project has come to an end, at a time when there are no resources to monitor that impact. As a consequence, projects need to estimate/predict their future impact before they end. In this paper we describe the impact activity monitoring method in the FITMAN project. This method addresses the problem by accounting for actions to raise impact during a project and the planning for such actions after a project has ended. We also describe the socio-economic impact assessment methodology created in FITMAN, showing how this links to the impact activity monitoring method. Key to both is the assessment and monitoring of impact in three different areas: industry, society and the scientific community. Each area represents different challenges and we discuss their relative value to the overall assessment. We also report on our early experiences of applying this to ten industry-led use case trials in the FITMAN project. The insights gained by applying these methodologies can be more widely applied across domains related to technology management.",
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    Jansson, K, Karvonen, I, Kettunen, O, Ollus, M, Hooper, CJ, Engen, V, Pickering, B, Surridge, M & Redwood, M 2016, Forecasting impact of technology developed in RandD projects: The FITMAN approach. in 2015 IEEE International Conference on Engineering, Technology and Innovation/ International Technology Management Conference, ICE/ITMC 2015., 7438649, IEEE Institute of Electrical and Electronic Engineers , IEEE International Conference on Engineering, Technology and Innovation/ International Technology Management Conference, ICE/ITMC 2015, Belfast, United Kingdom, 22/06/15. https://doi.org/10.1109/ICE.2015.7438649

    Forecasting impact of technology developed in RandD projects : The FITMAN approach. / Jansson, Kim; Karvonen, Iris; Kettunen, Outi; Ollus, Martin; Hooper, Clare J.; Engen, Vegard; Pickering, Brian; Surridge, Mike; Redwood, Mike.

    2015 IEEE International Conference on Engineering, Technology and Innovation/ International Technology Management Conference, ICE/ITMC 2015. IEEE Institute of Electrical and Electronic Engineers , 2016. 7438649.

    Research output: Chapter in Book/Report/Conference proceedingConference article in proceedingsScientificpeer-review

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    Jansson K, Karvonen I, Kettunen O, Ollus M, Hooper CJ, Engen V et al. Forecasting impact of technology developed in RandD projects: The FITMAN approach. In 2015 IEEE International Conference on Engineering, Technology and Innovation/ International Technology Management Conference, ICE/ITMC 2015. IEEE Institute of Electrical and Electronic Engineers . 2016. 7438649 https://doi.org/10.1109/ICE.2015.7438649