R&D Management Control training

Prerequisites

No prior knowledge required

Objectives

◗ Apply management control tools tailored to the company’s research and development process.

◗ Become a management controller who “champions” innovation.

◗ Develop a budget and a medium-term plan, covering everything from the income statement to the cash flow for R&D projects.

◗ Incorporate accounting and financial considerations (financial statement presentation, principles of the Research Tax Credit—CIR).

◗ Strengthen the partnership with the R&D/Innovation departments based on a value management model.

Training program

◗ Understanding the Challenges of R&D Management

– Characteristics of the R&D environment and value chain: uncertainty, innovation, development, long cycles
– The role and positioning of the R&D controller: navigating a complex matrix organization
– Scope of oversight: projects, portfolio, development center
✔ UNDERSTAND | Illustration: mapping the responsibilities of the R&D controller in a matrix organization
✔ EVALUATE | Quiz: In your opinion… What approach should you take when a project team is behind schedule?

◗ Asset valuation and accounting aspects

– Key Success Factors and Key Performance Indicators
– Time Tracking and Hourly Rate Calculation: Needs Assessment, Resource Allocation
– Valuation of R&D, OPEX, and CAPEX Expenses: IAS 38, IFRS 15 Standards
– Revenue and CIR recognition
✔ APPLY | Case study: Calculating hourly rates for an R&D center
✔ EVALUATE | Quiz: In your opinion… Which expenses can be capitalized under IAS 38?

◗ Integrating financial analysis into the project life cycle

– Business plan and financial metrics: IRR, NPV, payback period
– Sensitivity analysis, scenarios, internal and external constraints
– Special approach in uncertain environments
✔ APPLY | Case study: Evaluate the profitability of an innovation project based on projected cash flows
✔ EVALUATE | Quiz: In your opinion… What are the uncertainty factors that influence a project’s level of criticality?

◗ Managing economic and technical-financial performance

– Budget review: budget, reforecast, cut-off
– Variance analysis by category: volume, rate, mix, purchases
– Specific indicators: Earned Value Management, SPI performance planning, CPI cost performance
✔ APPLY | Practical exercise: Calculate the SPI and CPI indices based on a simulated project scenario
✔ EXPERIMENT | Scenario: Analyze the variances in an R&D project that is behind schedule on its critical path
✔ EVALUATE | Quiz: In your opinion… What acceleration levers do we have available in R&D?… And what is their cost? Do we have to make trade-offs?

Why choose this course?

R&D and the capacity for innovation are essential to the organization’s continuity. They enable the organization to sustain and foster growth and to adapt in a complex environment.

This training course helps participants understand the connection between the management controller’s role as a business partner and the new dimension of R&D and innovation activities as value creators. For each of the topics covered, you will learn to identify the expected contribution of management accounting to R&D and determine the appropriate management tools.

Teaching and assessment methods

Before the training: Submit your expectations via your online portal 15 days before the training begins and complete a self-assessment of your skills.

Teaching Methods: A variety of teaching methods to cater to different learning styles, encourage active participation, and reinforce learning through experimentation and practice.

Educational materials: presentation materials, reference materials (summary sheets, tables, etc.), and other resources available in your account.

During the training: theoretical concepts are alternated with examples drawn from real-life cases. Participants are given the opportunity to engage in role-playing exercises. Numerous practical exercises allow participants to demonstrate their mastery of the skills as the training progresses.

Training monitoring and evaluation: attendance sheet and certificate of completion. Immediate and post-training evaluations conducted using the LearnEval platform.

Price

1 295 € EXCL. TAX

Testimonials

R&D Management Control training

Jonathan C.
Company
Training

Generalist trainings

R&D Management Control training