Management
Risk management in the procurement of innovation
This report studies the way risk can be managed to enhance the procurement of
innovation. The latter is a concept that goes further than technology procurement,
occurring when a public agency places an order for a product or system, which does not
exist at the time but which could (probably) be developed within a reasonable period
(Edquist et al. 2000). The procurement of innovation includes technology but goes
beyond it and addresses nonātechnological innovation and complex systems, where the
technology may be known and proven but not at that scale or level of complexity
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