Project Management Institute

A decision model for considering in-house and extramural funding decisions

One of the most important decisions that an organization makes when initiating a project is deciding whether to implement the project internally with its own staff or externally with specialty consultants. This article documents the findings from the first year of a three-year study-one conducted for the United States Environmental Protection Agency-on the choices organizations make when they decide to fund research and development projects, when deciding to realize such efforts internally or externally. In doing so, it describes the objectives and outcomes of the first year (phase one), identifying the parameters, conditions, assumptions, and constraints that affect funding decisions and examining the relationship between parameters. It explains a preliminary decision model that resulted from phase one's research. It also defines the significance of the research problem and the history of developing the decision model.
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