article thumbnail

Navigating the Shift from Project to Product: A Map for Success 

Planview

The secret lies in transitioning from a project-oriented management approach to a product-centric model. Despite beginning with unwavering enthusiasm, McKinsey reports that initiatives often lose approximately 42 percent of their projected value as they progress into later implementation stages and long-term sustainability.

Project 69
article thumbnail

Best Project Management and Tracking Tools

IdeaScale

With project management tools, you’ll have a software to start tracking your favorite ideas and prioritize the ones you love. When your company is working on multiple projects at the same time, it’s difficult to focus on the details. Many of these softwares can also calculate the time and money spent on each project.

Project 153
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Innovative Strategies for Effective R&D Budgeting

Innov8rs

As Tobias and Oliver say, R&D budgeting is not merely about allocating funds to different projects. Peer benchmarking also requires available, accurate data and for comparisons to be made with similar companies only. R&D budgeting is not a mere allocation of funds, but the careful nurturing of a seed.

article thumbnail

You can't burn data

Jeffrey Phillips

As the concept of digital transformation takes root, you may frequently hear comparisons between data and oil. This comparison was strong enough to lead Wired magazine to define data as the new oil in a magazine article some years ago. On the surface, this comparison seems to make some sense.

Data 157
article thumbnail

Project Management – 8 Chracteristics of a DRI

BrainZooming

What’s the project management answer to addressing this tendency among teams and team members? The acronym represents someone we’re always looking for in project management to make sure we will make progress. The DRI concept, however, obviously extends into all project management situations. – Mike Brown.

Project 40
article thumbnail

How to Measure the Success of Your Innovation Management Strategy

IdeaScale

Time itself creates points of comparison, whether you choose to evaluate them or not. Learn how to measure innovation success to improve the results of future innovation projects. Going forward on hunches, or feelings that a project is performing, is certainly possible, but it’s not wise. Numbers don’t lie.

article thumbnail

Defining a Systematic Approach to Oil and Gas Real-Estate Portfolio Management and Optimization

Planview

This means making data-driven enterprise real-estate decisions at the portfolio level instead of on a site-by-site basis, which can be challenging using a traditional project management approach. To learn how, please click here. The end result is alignment and agreement on the path forward.