IDENTIFICATION OF COMPONENTS FOR THE EVALUATION OF FUNDED RESEARCH PROJECT: A SYSTEMATIC LITERATURE REVIEW
The purpose of this paper is to identify different components that can help to determine the effect of study findings and to identify different methodologies as well. To clarify the extent of the study on the impact assessment of funded initiatives in various countries, a systematic literature review is carried out. Methodology: It is important to consider the effects of scientific findings to achieve value for the resources spent in science and technology. A systematic literature review (SLR) is carried out to gain a detailed understanding of the different literature available in the area of assessment of the search results of the projects funded. A total of 72 papers are collected from Google scholars to perform the SRL, which are screened according to the requirements for inclusion and exclusion. Further 20 papers, primarily focusing on two study fields, namely the academic and health care industries, are accepted. The 20 papers chosen are mapped accordingly based on the market, country of origin, variables, and approaches used by different authors. Conclusion: To determine the most significant variables commonly used by numerous writers in their studies, a systematic literature review is undertaken. The methodologies used by writers in their studies are also identified in this study. This paper can also be used by other researchers to describe in their studies the components and methodologies commonly used. Originality/Value: The current research assists policymakers in making decisions on which components to examine when assessing funded initiatives that improve the effects, quality, and productivity in the higher educational sectors, and there has been relatively limited research in this field.