A decision support system for R&D project selection and resource allocation under uncertainity

Due to the complex nature of Research and Development project selection, project managers need to choose projects carefully before beginning or continuing a project. A framework and model of a Decision Support System (DSS) is presented as an effective tool to help choose projects using complex criteria such as risk, cost, decision hierarchies, as well as attempting to meet profit, human resources, and budget objectives. The DSS is comprised of three phases which are divided into modules: Screening and Scoring, Assessment, and Resource Allocation, which uses the PROTRADE method. The computerized Delphi DSS model will aid an organization by integrating decisions regarding projects across multilevel, interrelated subunits that are attempting to achieve the same goal. The DSS model offers the solution to the semi-structured nature of R & D decisions by outlining a method for better insight into the decision-making process, as well as providing alternative scenarios when resolving problems.