INNOVATION PROJECT MANAGEMENT
€495
Competitive factors are now forcing companies to realize that business survival in the new world is predicated upon growth and innovation.Now more than ever it is essential for companies to stay ahead of competitors,new entrants,changing consumer behaviours and market trends.Change is accelerating and we are seeing more and more new applications making old business models obsolete. Consider the rise of Apple,Google,Uber,Tesla,Visa,Facebook,Virgin,Stripe,Gap,FedEx,Air BnB,General Electric,Spotify,Netflix and Amazon and how they are revolutionising our day to day lifes.
If continuous and sustainable innovation is to occur, then innovation leadership and project management must be married together and with a clear understanding of each other’s roles. Innovation defines what we would like to do and project management determines if it can be done. The marriage also may require that both parties learn new skills and create a corporate culture that supports idea management practices (Harold Kerzner 2019).
Executives and project managers have to show leadership in bringing together all the disparate aspects of theory, reality, vision, process, finances, adding value and politics to create successful outcomes.
FROM A PROJECT OR BUSINESS INSIGHT FEW MARKETS ARE UNIQUE IN TERMS OF INNOVATION:
Differentiation – What makes your product or service different from your competitors?
Money – People’s hard earned money on buying your product or service?
Getting Investors Money – Pressure on you to deliver the return on investment?
Idea Product / Service – Will people buy into it? New product or service, there are lots of good ideas, but can they be brought to the market and commercialized?
What are the benefits from the Innovation Project Management workshop, you will learn about the relationship that needs to be established between innovation, business strategy and project management to turn a creative idea into a reality.
- What makes innovation projects different?
- The role of innovation and project management concepts
- Senior executives sponsorship & ARC Model
- Business skill sets for innovation project leaders & managers
- Linking innovation to business strategy – KISS strategy
- Establish business value and the importance of new metrics for measuring and reporting business value
- Product / Service lifecycle – diffusion of innovations
- Innovation project management roadmap
- Stage gate product innovation process
- Innovation risk management and register
- Agile project approaches in an innovation context
- Recognize the roadblocks affecting innovation project management and what actions can be taken
- Determine the success and failure criteria of an innovation project
Dublin 9th February 2022 [9.00 – 1.00] Public Workshop €495
London 23rd March 2022 [9.00 – 1.00] Public Workshop £495
Dublin 27th April 2022 [9.00 – 1.00] Public Workshop €495
Description
“Failure is not the opposite of success; It’s a part of success.” – Arianna Huffington
Success rate – the percentage of new products / services that achieved their expected business goals.
Typical normal success rates are 50-55%.PM360 Consulting clients regularly achieve 75% – 85% success.
Throughput – the number of products / services that you move through the company process and bring to market in a specific time period with available resources.
Value – the contribution of the products / services in-client project portfolio, usually in net present value (NPV) or revenue or profit.
Innovation Project Management Roadmap
Entrepreneurs are committed, energetic, can-do people, I see two big differences between a natural entrepreneur, and a skilled project manager.
The first is that entrepreneurs are in it to build a business, it’s the end point and the value that it creates which motivates them.
The second difference is that few entrepreneurs have training in project management practices. So, managing the project planning and delivery can be challenging and key performance factors are required for delivering project objectives.
Additional Information
| Date: | 17 June 2020, 8 July 2020, 12 August 2020 |
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