Revenue forecasts are unhelpful Developing a good business case for your project is part of any good innovation process. And yes, this business case must cover the costs, the benefits, and the risks of your innovation. Just check the definitions of “business case” in stage-gated innovation process, in software development, and in Prince2 for project management.… Read More Don’t do revenue forecasting of innovations!
Improving in project space Project, program, and portfolio management are key to properly define and run today’s innovation activities across all industries. With shorter product life cycles, more frequent service and business model innovations, with joint development, the need for improving the capabilities in project and portfolio management is turning business critical. Improvement of this capability is… Read More Project or portfolio management: where to start improvement?
This week, I ran into an interesting debate about sizing and balancing innovation budgets across the funnel (see previous post for more thoughts on the funnel). I recommended to size innovation budget across three stage groups in this funnel: the ideation front end, where a serious number of individual ideas and potential projects are developed but with a… Read More Shaping the innovation funnel