What are the five core criteria of R&D? 4. To be planned and budgeted (systematic)

R&D is a formal activity that is performed systematically. In this context “systematic” means that the R&D is conducted in a planned way, with records kept of both the process followed and the outcome. To verify this, the purpose of the R&D project and the sources of funding for the R&D performed should be identified. The availability of such records is consistent with an R&D project that is aimed at addressing specific needs and has its own human

and financial resources. While the management and reporting structure just described is more likely to be found in large projects, it can also apply to small-scale activities where it would be sufficient to have one or more employees or consultants (providing that a researcher was included) charged with producing a specific solution to a practical problem.