article thumbnail

Why we should focus on Innovation Governance

Paul Hobcraft

” We have just had our third short conversation of a five-part series on Innovation Governance. This specific conversation is all about the fit of innovation governance within our Executive Innovation Work Mat. This is the link on Innovation Governance to the conversation, just under 14 minutes to listen to.

article thumbnail

Innovation project or Innovation Capability?

Jeffrey Phillips

No, today I want to talk about the differences and problems when companies focus on innovation as a discrete project, versus what they really need, innovation as a competency or capability. Plus, innovation as a project demonstrates some investment in innovation but controls for cost and risk.

Project 209
Insiders

Sign Up for our Newsletter

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

article thumbnail

CONTROLLED DISRUPTION [CASE STUDY]

Flying Fish Lab

A few years ago, we were faced with exactly such a situation, for a Vaseline project. So this particular project was already challenging from this perspective. This was starting to shape up like a good option, but the client took some time to decide and… by then Governments started to lock down. So, what to do next?

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

The secret to this government department’s innovation success: Small teams

Idea to Value

Is it possible for government agencies to innovate? And in the case of the US Government: a startup mentality. The federal government is the largest institution in the world, and spends $86 billion annually just on IT projects. And 94% of those projects end up over budget or behind schedule, and 40% never even finish.

Video 100
article thumbnail

3 Predictions for What’s Next in Project Portfolio Management 

Planview

It’s true for all disciplines and describes the project portfolio management (PPM) market for several reasons. The market’s landmark evolution in 2020, which bifurcated PPM to support strategic portfolio management and adaptive project management. Why is the project portfolio management market continuously evolving?

Project 52
article thumbnail

Building the use of the innovation work mat as a compelling business case

Paul Hobcraft

If you are not seeking out a different, more disruptive or new business design, then you are eventually serving your shareholders poorly. Governance – we examine how to govern an innovation project and why this work requires different governance models from other projects.

Design 319