The focus of university research projects is usually stated in the objectives of the application. In most cases, however, there is no evaluation of intermediate goals in university research. This, in turn, means that objectives are not continuously reviewed. Due to the high degree of innovation in research, the approach can change quickly. This paper shows how risk-based project management for research projects can be used to adjust procedures and work packages, including objectives, to maximize research output. The objectives should be met under the premise of budget and time, taking risks into account. First, existing models are reviewed through a literature review. Second, the characteristics of university research projects are analyzed. Third, the results are validated using a project plan with probabilistic methods, which is based on a Monte Carlo simulation. A guideline is generated as a result, providing a method for establishing intermediate goals in university research projects. This enhances the predictability of outcomes and ensures that projects remain on schedule and within budget.
«The focus of university research projects is usually stated in the objectives of the application. In most cases, however, there is no evaluation of intermediate goals in university research. This, in turn, means that objectives are not continuously reviewed. Due to the high degree of innovation in research, the approach can change quickly. This paper shows how risk-based project management for research projects can be used to adjust procedures and work packages, including objectives, to maximize...
»