Practical Research Outcomes is a specialist Project Management system for creating R&D results in business.  The system is simple to follow and results in the best chance for profitable business outcomes.

Innovation is a process of Creating Knowledge, Not Prototypes!  Failure to understand this causes businesses to waste vast amounts of time and money.  This is why an experienced practitioner of the P R O System saves your business both time and money and gets better results all the while.

All research and innovation carries risk.  Your desired result may not be feasible, or may not be successful in the marketplace.  The P R O System minimizes the time and money invested in unsuccessful projects and maximizes the ROI (Return on Investment) of successful ones.  Here's how.

Practical Research Outcomes in 5 Steps:

1. Evaluate the Business Opportunity.  What do your customers need that they will pay money for?  What feasible innovations might be able to meet that need?
2. Identify the Knowledge Gap.  What new knowledge is required to deliver the solution?
3. Plan the R&D.  What minimum steps are needed to create that knowledge reliably and with certainty? This requires specialist expertise.
4. Apply R&D Methodology.  We make certain that the data generated is relevant, is reliable, and will be useful in creating a result. Again, experience and training in the right areas are essential to complete this step.
5. Outcomes.  We convert raw data into information, and transform information into knowledge. 

For Innovation to be a worthwhile investment for your business, the knowledge it creates must be: 

• Valuable.  There must be a profitable reason for wanting to have it. 
• Relevant.  It must be knowledge your business needs and can make use of.
• Reliable.  It must be as factual, true, accurate and real as possible.

The P R O System results in Valuable knowledge when you fulfill steps 1  and 2 correctly.  The knowledge is Relevant when steps 1 - 3 are done correctly.  And the knowledge is Reliable when steps 3 and 4 are followed exactly.  Valuable, Relevant and Reliable Knowledge is the asset you retain when you invest money in R&D.  And that means your business will remain valuable, relevant and reliable into the future.

Closing the Loop:

Now that you have new commercially-relevant knowledge that you can rely on to be correct, go back and re-evaluate the original business opportunity in light of this new knowledge.  Does having more knowledge change the situation?  It certanly does.  There are now three possibilities:

• Project appears unfeasible.  Cancel the project before spending any more time & money, and look for another opportunity.
• The business opportunity still exists and no further knowledge barriers exist.  Take the project into production design and engineering phase. 
• Identify an additional piece of missing knowledge and repeat the P R O system.

 Contact P R O to find out how the system can create results for your business.  A consulting package can be tailored to meet your specific needs and circumstances.