Table of Contents

1.0 Declaration………………………………………………………………………………………….. 5
2.0 Acknowledgments ………………………………………………………………….. 6
3.0 Abstract …………………………………………………………………………………… 6
4.0 Introduction ……………………………………………………………………………. 7
4.1 Background …………………………………………………………….……….. 8
4.2 Risk management……………………………………………………………………………. 9
4.3 Research Objectives…………………………………………………………………………. 14
4.4 Primary Research Question……………………………………………………………….. 14
4.4.1 Sub-question 1………………………………………………………………………….. 14
4.4.2 Sub-question 2…………………………………………………………………………. 14
4.5 Recipients………………………………………………………………………………………. 14
4.6 Suitability of the Researcher……………………………………………………………. 14
5.0 Literature review………………………………………………………………………………….. 16
5.1 Introduction……………………………………………………………………………………. 16
5.2 Theme 1: R&D Risk Management in Industry ………………………………. 16
5.3 Theme 2: R&D Risk Management in Academia………………………….. 19
5.4 Theme 3: CSFs in Industry Academic Collaborations………………………. 21
5.5 Theme 4: Impact of Culture on Risk Management………………………….. 27
5.6 Literature Conclusion…………………………………………………………………… 28
6.0 Research Methodology……………………………………………………………………….. 28
6.1 Introduction…………………………………………………………………………………. 28
6.2 Research Design…………………………………………………………………………. 28
6.2.1 Research Philosophy……………………………………………………………… 28
6.2.2 Research Approach……………………………………………………………….. 28
6.2.3 Research Strategy…………………………………………………………………. 30
6.2.4 Sampling – Selecting Respondents………………………………………….. 31
6.3 Data Collection Instruments…………………………………………………………… 32
6.4 Data Analysis Procedures……………………………………………………………… 34
6.5 Research Ethics………………………………………………………………………….. 35
7.0 Results………………………………………………………………………………………………. 36
7.1 Introduction……………………………………………………………………………………… 37
7.2 Project Commercial Risk……………………………………………………………………. 38
7.3 Project and Risk Management……………………………………………………………. 37
7.4 Risk Pertaining to Availability of Resources………………………………………….. 38
7.5 Risks pertaining to Suitability of Resources………………………………………….. 39
7.6 Risk Pertaining to Stakeholder Alignment……………………………………………… 41
7.7Risks pertaining to Research Supports…………………………………………………. 42
7.8 Risks pertaining Critical to Success Factors (CFS)………………………………… 43
8.0 Introduction…………………………………………………………………………………………. 45
8.1 Discussion……………………………………………………………………………………….. 45
8.2 Project and Risk Management……………………………………………………………. 46
8.3 Risk to Research resources and Research supports…………………………. 48
8.4 Culture……………………………………………………………………………………………. 50
8.5 Critical to Success Factors………………………………………………………………… 51
8.6 Stakeholder Alignment……………………………………………………………………… 52
8.7 Risks to the Suitability and Availability of Researchers………………………. 52
9.0 Introduction…………………………………………………………………………………………. 52
9.1 Conclusions……………………………………………………………………………………… 53
9.2 Hypothesis and Future Research………………………………………………………… 55
9.3 Limitations of Research……………………………………………………………………… 56
10.0 Introduction……………………………………………………………………………………….. 57
10.1 Learning Style and Learning Reflections……………………………………………. 57
11.0 Bibliography………………………………………………………………………………………. 62
Appendix A: Transcribed Interviews and open coding…………………………………….. 69
Appendix B: Axial coding……………………………………………………………………………. 124
Appendix C: Thesis Plan……………………………………………………………………………. 125
Appendix D: List of Government Funded Research Institutes………………………….. 126
List of Figures
Figure 1 Irish Funding Agencies (Ferguson, 2016)………………………………………………………. 7
Figure 2: Geographical Location of Enterprise Ireland funded Technology Gateways………. 9
Figure 3 PMBOK Project Risk Management Frameworks…………………………………………….. 11
Figure 4: PMBOK Risk Management Methodology……………………………………………………… 12
Figure 5: Institute of Shock Physics Organization structure and Stakeholder Map…………… 13
Figure 6: A framework combining risk and innovation management……………………………… 18
Figure 7: Cultural impact on project risk project impact…………………………………………… 26
Figure 8: The Research Onion………………………………………………………………………………… 28
Figure 9: Sampling Techniques………………………………………………………………………………… 31
Figure 10: Flowchart for Selecting a Probability Sampling Methodology………………………… 31
Figure 11: Different Types of Interview………………………………………………………………………. 32
Figure 12: Comparison of Approaches to Grounded Theory………………………………………… 33
Figure 13 : Kolb’s experiential Learning cycle…………………………………………………………….. 57