8.2.
R&D Plans
Summarize R&D expenditure to date (if not done in 4.2.
Progress to Date at 4. Present Status).
Specify future expenditure plans. Identify milestones or specific projects
to be completed. Where appropriate, provide short economic justifications
for major projects.
Use simple tables and place backing material in appendices. For example,
the following table could be used to summarize key projects:
Title |
Description |
Start Date |
Finish Date |
Remarks |
Priority/
Sequence |
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8.3. R&D Resources
Use this subsection to identify the key resources needed to fulfill
the 8.2. R&D Plans outlined above.
What technical expertise has been acquired by the business or is needed
in the future? What are the qualifications/backgrounds of technical staff
and external advisers or collaborators? What vacancies/needs will arise
in the future and how will they be filled?
Again, use simple tables along the lines of the following:
Title |
Key Resources |
Internal
(man years) |
External
(man years) |
Projected
Cost
($000) |
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The foregoing table could provide the basis for the following staffing
projections:
Years to end
xxMonth: |
20XX |
20XX |
20XX |
20XX |
Head count - Project #1 |
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Head count - Project #2 |
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........ |
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Total head count |
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This data could also be presented in the following format linked to
staff grades:
Years to end
xxMonth: |
20XX |
20XX |
20XX |
20XX |
Head count - Grade A |
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Head count - Grade B |
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........ |
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Total head count |
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Finally, the following payroll cost table could be constructed:
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Years to end xxMonth: |
Payroll Cost
($000/person) |
20XX
($000) |
20XX
($000) |
20XX
($000) |
20XX
($000) |
Payroll cost - Grade A |
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Payroll cost - Grade B |
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........ |
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Total payroll cost |
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These tables have been presented for illustrative purposes. In practice,
they may be more appropriately located in an appendix.
8.4. R&D Expense
Projections
Use this subsection to pull together the financial implications of
8.2 R&D Plans and 8.3
R&D Resources above. Work through the detail in an appendix
and summarize in a simple table along the following lines:
Years to end
xxMonth: |
20XX
($000) |
20XX
($000) |
20XX
($000) |
20XX
($000) |
Key Project #1
- Internal payroll
- External consultancy
- Other expenses
Total - Key Project #1 |
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Key Project #2
- Internal payroll
- External consultancy
- Other expenses
Total - Key Project #2 |
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Key Project #3
- Internal payroll
- External consultancy
- Other expenses
Total - Key Project #3 |
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Total R&D payroll & expenses ($000) |
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Where relevant, cost justify key projects by indicating their
expected return-on-investment. In simplest terms, this could be
the payback interval e.g. if expenditure of $50,000 could generate incremental
gross profits of $25,000 a year, the payback would be 2 years.
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