Innovation Project Management

International Institute for Learning

We are excited to bring you this blog post on Innovation Project Management, which is adapted from Dr. Harold Kerzner’s new book of the same title. Below, he explains why this topic is so important, the types of challenges that innovation project managers face, and much more. By the turn of the century, companies began to reevaluate whether functional managers were the right people to manage strategic projects, especially those involving innovation.

The Continuous Innovation Framework (COIN)

Henny Portman

The Continuous Innovation Framework (COIN) is designed to help large organizations to successfully and continuously develop, scale, and embed innovations and thus create a continuous Return on Innovation. Capture innovative ideas from internal and external sources?

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People Innovation: A New Vision to Innovate

International Institute for Learning

Nowadays, companies are very conscious that if they want to be competitive, they have to innovate. It is worth quoting a sentence of the father of the Open Innovation concept, Henry Chesbrough: “Most innovation fails. And companies that don’t innovate die” [1]. In a nutshell, we can agree that innovation is all about bringing improvement and efficiency; and affecting the development of a company in a positive manner. By Luigi Morsa, Ph.D. .

Project Management Best Practices for Innovation and Co-Creation

ProjectManager.com

Everyone in business is talking about innovation, but how does one actually innovate? Jennifer Bridges, PMP, shows you practical steps you can take to innovate by using co-creation and project management techniques. In Review – Project Management Best Practices for Innovation and Co-Creation. An innovation, she said, is a new method, idea or product. Repeat the Process: Do this as many times as necessary to achieve a final blueprint.

Encouraging Innovation in an Established Product Culture

Speaker: Richard Cardran, Chief Creative Officer and VP Strategy, HIA Technologies

Innovation is both a process and an outcome. The best way to begin innovating your products is by innovating your internal process. We'll explore the challenges, solutions, and hands-on techniques for becoming a successful "agent of change" within a well-established product culture. We'll examine the importance of UX and user-centric feature analysis, the adaptation of Agile Methodologies to the creative process, as well as a way to drive successful culture change for setting expectations and winning approvals with cross-functional stakeholders. Innovation and Leadership go hand in hand. Join Richard Cardran, Chief Creative Officer and VP Strategy, HIA Technologies, as we assess some case studies to see how to lead with a clear strategy well-defined tactics, and an unbiased understanding of the fundamental question: "why are you innovating?"

Why Business Strategies Are Important? (8 Most Common Business Strategies)

Proofhub

8 Most Important Business Strategies to be Aware of in 2020 Businesses are not run blindly, you have to set your own set of goals that you want to achieve effectively to thrive in the market. What is the Main Focus of Business-level Strategy? How Do You Create a Business Strategy?

Managing Digital Projects: The Digital Project Management Process

nTask

If you are wondering exactly just what this means and wanted to learn more about the digital project management process you have come to the right place. Content strategy. The Digital Project Management Process. Let’s go through each step or process in turn.

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Lisa Bodell on Simplification and Innovation

International Institute for Learning

As closing keynote speaker at IIL’s Leadership & Innovation 2019 Online Conference , she delivered a powerful message on how complexity is holding most of us back, and what we can do to get back to the work that really matters. “If we get the work right, we get the culture right” – @LisaBodell #LeadershipCon19 #leadership #innovation pic.twitter.com/hiqPhawym5. — Of course, simplicity is a subtractive process.

Efosa Ojomo on Market-Creating Innovation

International Institute for Learning

Efosa Ojomo is Senior Research Fellow and Lead of Global Prosperity Research at the Clayton Christensen Institute for Disruptive Innovation. As a keynote speaker at IIL’s Leadership & Innovation 2019 Online Conference , he shared impactful theories and models that left us thinking about innovation in an entirely different way. Of the three types of innovation [market-creating, sustaining, efficiency], how do you determine which one to focus a team’s energy?

Can the Words “Innovation” and “Project Management” Be Used In The Same Sentence?

The IIL Blog

Companies are recognizing that brand loyalty accompanied by a higher level of quality does not always equate to customer retention unless supported by some innovations. According to management guru Peter Drucker, there are only two sources for growth: marketing and innovation [Drucker, 2008]. Innovation is often viewed as the Holy Grail of business and the primary driver for growth. The question, of course, is “How do we manage innovation needs?”.

Innovating and Driving Agility with Tech: No-Code Development

Speaker: Gautam Nimmagadda, CEO, Quixy

Product Managers: are you wondering what your teams will look like in the future? If so, it's time to look to no-code development. With it, you can leverage hyper automation, strengthen and accelerate growth, and drive value. Your teams will be able handle more projects, and focus on the real challenges. This webinar harnesses the wisdom of today's business leaders and the global pioneers of tomorrow. Join Gautam Nimmagadda, CEO of Quixy, and learn how to leverage tech to drive agility with citizen development and the no-code movement.

Phase-Gate Process in Project Management: A Quick Guide

ProjectManager.com

When you have a long-term project that needs to be evaluated regularly, and you’re dealing with numerous stakeholders, the phase-gate process could be an ideal fit for your organization. What is the Phase-Gate Process? Similar to the waterfall methodology , the phase-gate process is a linear project management concept punctuated by stages of development followed by benchmarks for assessment. Stages of the Phase-Gate Process.

12 Innovative Examples of Project Management Software

MavenLink

Together, these elements help businesses execute project strategies for improved employee utilization and greater profitability. The company adopted a modern and intuitive project management system to access real-time information about resources for improved project strategies and a reduction in non-billable time spent staffing projects. AMP, a brand ecosystem agency, streamlined staffing and resource strategies by using a project management system that consolidated resource data.

Organizational Structures that Support Faster Innovation and Evolution

Leading Answers

Small organizations can change direction quickly because they have fewer people or processes to change. Most medium to large-scale organizations have considerable mindset inertia in the form of strategies, multi-year plans, in-flight programs, and projects, etc. Think of a thousand people all moving toward a common goal—and their organizational structures and processes to get there. In high-change environments, having a single hub for decision making slows the process down.

Webinar Recap: How Innovation & Portfolio Management Office Underpins Corporate Success

MPUG

Please find below a transcription of the audio portion of Tad Haas’ How Innovation & Portfolio Management Office Underpins Corporate Success webinar being provided by MPUG for the convenience of our members. Kyle: Hello everyone, and welcome to today’s MPUG webinar, How Innovation & Portfolio Management Office Underpins Corporate Success. Tad: The conversation today is built off a white paper called Innovation and Portfolio Management Office.

Types of Planning Crucial to Delivering on Strategy

Planview

In this blog series, we will be discussing five types of planning that are crucial to delivering on strategy with a dynamic and continuous approach. Our penchant for applying technology to every problem often makes innovations and development more complicated. They require people, strategies, work, outcomes, and technology. Stick with us and in the end, you’ll understand what it takes to create plans that will enable you to continuously connect strategy to delivery.

Successfully Deliver Strategy… Fast

Planview

So far in this blog series, we have defined strategy, covered the basis of strategic planning, and discussed who to include in your strategic planning team. If you need a refresher on the first two phases of this rescue mission, read through parts 1 and 2 below: Part 1: Failing to Deliver Strategy… Slowly. Part 2: Begin to Deliver Strategy… Fast. This turns your current time-consuming process into one that enable the organization to easily respond to change along the way.

Why the Stage Gate Process will Make You a Better Project Manager

Online PM Courses

The Stage Gate Process gets too little love from Project Managers. In a Stage Gate process, you break your project into stages, or phases. In this article, we look at why a stage gate process will enhance your project management, and how to make it work. What is a Stage Gate Process? The Stage Gate Process examines your projects at key decision points in its lifecycle. A Stage Gate Review is a process for achieving a robust Go/No-go decision.

The Ultimate Guide To the Phase Gate Process

Wrike

Project managers have a number of processes and techniques they can use to ensure continued project viability and success. One such technique is called the phase gate process. . The phase gate process is a technique that is used to guide a project from conception to launch.

Failing to Deliver Strategy… Slowly

Planview

If you are part of the process that collects the list of projects, you are spending ridiculous hours collecting and consolidating. Then, you pass the list of projects to those who “align” those projects to strategy? Who is responsible for delivering strategy? This process is stifling innovation and costing the organization thousands of man-hours and likely resulting in failing … or what I refer to as failing-slow. You must start with strategy.

Retention Strategies for Millennials (& How to Keep Them Happy)

MavenLink

Millennials seek a great work atmosphere and culture that values collaboration, innovation, and empowerment. These different perspectives can ultimately lead to a more innovative and profitable company. Ideally, they want an environment that lets them better see and understand the company’s decision-making process and provides them with the opportunity to contribute to the company in more ways than one.

8 Most Influential Goal Tracking Apps of 2021

nTask

The accomplishment of goals is a step-by-step process. There are tons of goal tracking apps with hundreds of innovative features. Way of life offers several unique, innovative features that have made it number four on our list.

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Project Management Career Q&A – Strategic and Business Management Development

Arras People

Strategy management, financial planning processes; portfolio management and strategy execution are all areas for consideration. Then there are options which you may never have considered for your industry or organisation, for example innovation, design thinking, data analytics, psychology – take inspiration from other industries and bring in new thinking in your approach to managing projects.

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How the Fail Fast Approach Brings Innovative Solutions

Runrun.it

The concept of fail fast and embracing failure entails testing new ideas and innovating on current strategies. Such failures will essentially lead to more knowledge and new innovations. Fast Failure Leads to Achieving Desired Outcomes Quickly Why Iterations are Imperative for Greater Success How Company Leaders Can Implement the Fail Fast Process How to Manage Workplace Conflict and Other Challenges Project Management Software Enables the Fail Fast Process.

People Enablement Strategies Boost Productivity and Growth

Runrun.it

Check it out what you will find on this article about people enablement : How to Help Executives See the Potential among HR Representatives Show Employees HR professionals will Support their Development Key People Enablement Strategies to Boost Employee Development at Your Company The Four Steps Needed for Creating a High-Performance Team The Connector Manager and Employee Development Why Runrun.it Key People Enablement Strategies to Boost Employee Development at Your Company.

Is Your Organization Mature Enough for Digital Transformation?

Epicflow Blog

Not only businesses but also government organizations are engaged in digital transformation processes, and each of them knows why they need it as successful digitalization provides: Clients’ comfort, Competitive advantage, Security and speed of all processes, Reliability and safety of information. .

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Elements Of A Successful Data-Driven Marketing Strategy

Brad Egeland

Optimizing Your Digital Presence For The Web When you’re considering any data-driven marketing strategy, you can’t exclude SEO , or Search Engine Optimization. This innovation in modern marketing makes it possible for businesses to sort of carve out a permanent “niche” on the web—a bit of digital real estate, if you will. One of the best ways to streamline your B2B (business-to-business) transactions is to cut costs in transaction processing fees.

Elements Of A Successful Data-Driven Marketing Strategy

Brad Egeland

Optimizing Your Digital Presence For The Web When you’re considering any data-driven marketing strategy, you can’t exclude SEO , or Search Engine Optimization. This innovation in modern marketing makes it possible for businesses to sort of carve out a permanent “niche” on the web—a bit of digital real estate, if you will. One of the best ways to streamline your B2B (business-to-business) transactions is to cut costs in transaction processing fees.

Quo Vadis, Scrum Master: The Results of Our Virtual Strategy Session

Scrum.org

TL; DR: Results of a Virtual Strategy Session for Scrum Masters Regarding Remote Work. Last week, 30-plus participants in the 23rd Hands-on Agile meetup had a virtual strategy session where they explored Liberating Structures’ Critical Uncertainties microstructure. They identified robust and hedging strategies for Scrum Masters and agile coaches regarding the challenges of remote work and distributed agile teams. This Liberating Structure prepares a group for strategy making.

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Review 10X Growth Machine

Henny Portman

The 10X Growth Machine – How companies can innovate, scale and win , written by Misha de Sterke, is a book to build your own growth machine by using innovation as a means. In the book we get an integrated set of building blocks, principles and tools to create different (disruptive, sustaining and efficiency) innovations as a structural way of working. Growth governance : Lean innovation process and venture boards, growth policy playbook, and growth accounting.

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What Skills Will Make You a Top Manager in 2022?

Epicflow Blog

Analytical Thinking and Innovation . In 2022, analytical thinking and innovation will be even more important. Continue being a PM innovator and always look for new management ideas and techniques, as it will give you a considerable advantage. Active Learning and Learning Strategies . There are different strategies for active learning. The demand for such human skills as innovation, leadership, analytical thinking, and creativity will only continue rising.

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Top 7 Leadership Articles: Summer Edition

Epicflow Blog

Leading Remotely Requires New Communication Strategies. In this article, Marcel Schwantes dwells upon the need for and ways of transforming companies into data-driven organizations as well as the role of leaders in this complex process.

How is Design Thinking Used to Get Project Results?

Strategy Execution | PMO Perspectives

Design thinking is a non-linear process, which allows businesses and their project teams to embrace design concepts, in order to solve complex, ill-defined problems. It is especially useful for situations where project managers need to re-frame the way they view an issue, challenge internal assumptions, or truly innovate. Sensemaking – This step is all about ideas, innovation and envisioning solutions. Increased Opportunities For Innovation.

Economic Downturn is Time to Innovate

Wrike

Yet almost all the analysts agree that it is no time to panic; rather, you should rethink your strategies. The question arises: what strategies can help your business survive the economic downturn? Some experts, including Bill Gates , answer: “ Innovation.” ” Innovation means finding new ways to do business in this harsh situation and learning to think differently. characteristics pushing innovation. Financial crisis is all over the news today.

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Cultivating an Adaptive Mindset

Strategy Execution | PMO Perspectives

In today’s complex business world it’s a ‘growth mindset’ that is required from our leaders to navigate the complexity of our new business context and successful execute strategy. We are not only struggling to lead and execute strategy in our current VUCA world, but there is more ahead. This mindset needs to cross the boundaries of fundamental aspects that make our business function; Work, People and Strategy. Innovation is suppressed under stress.

2019 62

Strategy Knotworking: turning ideas and ambitions into reality

Scrum.org

Think of delivering value to customers sooner by releasing early & often, decreasing cycle time and lead time, improving team morale, lowering the number of defects, optimizing return on investment and increasing innovation rate. Working effectively with Scrum requires strategy. Strategy is essentially no more than a goal, followed by a series of actions required to achieve that goal as well as the players who need to involved. What strategy guides the releases of a product?

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Why the agile process is here to stay (and why it should!)

Runrun.it

Granted that the agile process isn’t the only effective workflow management methodology out there today, but it certainly is worth understanding more; organizations should at least consider how it can affect the way they work and produce in this day and age. As we take another look at the effectivity and efficacy of the agile process, we aim to find out: Agile 101 Why the agile process works, and works well Why agile is here to stay. Innovation is a given.

Project Management Vs. Leadership – How nTask evolved From an Early Start up to a Robust Industry Competitor

nTask

We think that we are integrating a new style of management or something innovative that’s going on in the industry just because it is working for some of the popular competitors. There are case studies done on various companies, where students debate a plausible exit strategy and how the said business could have survived whatever issue is highlighted in the case study. Consider placing a multi-step process to filter out deserving applicants.

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Stephen Denning on Business Agility

International Institute for Learning

As a keynote speaker at IIL’s Leadership & Innovation 2019 Online Conference , he gave a fascinating take on how to adopt an Agile Mindset through what he calls the “Three Laws of Business Agility.” Don’t miss his presentation at our Leadership and Innovation Online Conference! To implement the Agile mindset seems to require change in processes etc. Leadership agile agility strategy

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6 Practical Tips For Improving Your Team’s Digital Skills

Scoro

We can and we must develop a flexible, sustainable approach to innovation in an era of constant change. Align digital strategies with your business processes. Actionable tip: Map your business processes. With the input from your team(s), it’s time to get a full overview of your business processes. The more specific you get, the better, of course, but even just writing it all down can help you understand how to integrate digital tools into your processes.

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