R&D Value Mapping (RVM)

			
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			              Value Mapping > Best Practices > R&D Value Mapping (RVM)
			            
			              R&D Value Mapping (RVM)
Anneke Zwart, Student (University), Netherlands, Moderator
Another form of value mapping can be found in the field of Research and Development.
In the field of R&D, many research evaluation techniques have been developed to analyze the impact of R&D on society and the economy. One of the most important techniques is the case study technique, but nevertheless this technique has its disadvantages.
In an article “R&D Value Mapping: A New Approach to Case Study-Based Evaluation, the authors present an approach called R&D Value Mapping, that uses the  to give in-depth insights and simultaneously structuring these case studies in an analytical framework yielding quantitative and thus more objective data. This measurement involves the following nine procedures:
1. Generating analytical models that analyze possible knowledge flows and predicting possible results of R&D projects.
2. Developing hypotheses about the causal factors associated to those results.
3. Establishing cost and benefit indicators from certain projects and its results.
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