On the basis of important role of science and technology in economic development, thisarticle systematically studies and discusses strategic evaluation techniques and methods of R&D projectfrom management sector's angles. Firstly, it summarizes the existing R&D project evaluation methods.Then the 'three step' method of R&D project evaluation is presented, that is (1) the benefit and successprobability of R&D project are evaluated based on the fuzzy influence diagram, (2) the portfolio analysisin the structure of R&D project is studied. (3) '0-1' model is used for project selection. The methodcan combine qualitative analysis with quantitative calculation, and describe the relationship betweenfactors that influence project's result, thus improve the decision level of R&D project evaluation andselection. Finally, by means of practical application, the effectiveness and feasibility of the method areverified.