Home > Value of Research

Value of Research

Project Number # 1118

Value of Research

Realise all the benefits of your research investment

Today, research needs to deliver clear, demonstrable impact - and that’s just the tip of the iceberg.

At WaterRA we drive real impact through collaboration and believe there’s more value to be gained from research. We want our members to secure that value and ensure their investment benefits all aspects of their business, keeping customers’ needs at the forefront - this has driven the creation of the Value of Research Project.

An initiative of WaterRA, the Value of Research Project will enable water utilities to derive the maximum value from their research activities through the development of: 

Research Value Framework
Quality guidelines to maximising value from research projects’ above Value Metrics

Value Metrics
A toolbox of ways to assess tangible and intangible impacts and value

Training and Change Management
Resources measuring impact and value

These deliverables will be instrumental to water organisations going forward, enabling them to drive business and economic decisions based on evidence and build capacity through technical and organisational skills development. But we know we can’t do this alone. You’re the experts and your contribution is vital to the success and adoption of such an initiative. Download the Project Prospectus to learn more about the benefits of your research investment.

 

 

 Download Phase 1 Report


The Value of Research Project enters Phase 2

Expressions of interest to become a member of the Delivery Team for Phase 2 of The Value of Research Project are now open.

Phase 1 of the project (undertaken in-house by WaterRA during 2018) reviewed numerous existing methods for assessing the value of research and considered their suitability for use by water utilities. A key finding of this Phase was that there are clearly recognisable common factors - hereafter termed Research Management Framework Elements, which contribute to maximising the value generated by a research program or project.

The full report of the work undertaken in Phase 1 will be made available to the delivery team for Phase 2, however the elements are listed below:

1. Governance
2. Capability
3. Strategic Alignment
4. Problem / Opportunity Definition
5. Project Development and Execution
6. Knowledge Transfer and Adoption


Phase 2 objectives and deliverables

The objective of Phase 2 of the project is to utilise the Research Management Framework Elements and other findings from Phase 1 to inform development of:

Good Practice Guide to Value Creation from Research in the Water Industry that defines the unique requirements for managing research so as to maximise and unquestionably demonstrate the benefits and value achieved across the full research life-cycle from issue/opportunity identification through to benefits realisation.

The Guide will be written in a manner that allows every organisation to determine how each element will be achieved but will aim to standardise methods to enable maturity assessment within a single organisation or benchmarking between organisations to be undertaken.


Want to find out more?

More information about Phase 2 including the proposed project plan, delivery approach, schedule and budget can be found in the documents below:

The Value of Research EoI | Provision of Services (PDF)

The Value of Research | Proposed Project Plan (PDF)

Phase 2 EoI Form (PDF)

Requirements Conditions Standards (PDF)