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L.I.V.E. (Lean Innovation, Validation & Execution): A new, more effective way to manage multiple innovation projects

Idea to Value

This new management method makes it nearly impossible for innovation teams to fail at delivering multiple challenging innovation projects faster, with less risk and lower required budgets. Most innovation experts often say that traditional management processes are not the way to run innovation projects. And this is true.

Project 241
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You need to know your success criteria

Idea to Value

Once you have agreed those success criteria, prioritising ideas and innovation projects becomes a lot more straightforward. These criteria should align with the company’s strategy, the expectations on the innovation team, and what the innovation managers believe is required from an overall innovation pipeline and portfolio of projects.

LEAN 214
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How to use KANBAN: An effective productivity method for innovative ideas

Idea to Value

How do you manage projects where the requirements are likely to change frequently. It originated as part of the Toyota Production System as part of their Lean Manufacturing Method, and is a method for scheduling in which sequence work should be done to achieve a desired outcome.

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Opportunity cost

Idea to Value

As an everyday example, if you only have $1 to spend on lunch, you could either buy a $1 donut, or a $1 apple, but not both. Yes, you cannot invest in two full-scale innovation projects which require the same people, money and resources. Whichever one you choose, you give up the opportunity to have the other (at that moment in time).

LEAN 225
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How to Lean in To Empower Your Team

Tullio Siragusa

How to Lean in To Empower Your Team. To achieve this kind of empowerment, it is essential for leaders to lean-in and engage actively and effectively across teams, in addition to arranging coaching sessions. Importance of Leaning in. Similarly, allocating an easier project can have no empowering impact on team members.

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How to Make Good Lean Startup Hypotheses

Tim Kastelle

Part Eight in the Lean Startup Series When teams start out with lean startup, they often build hypotheses that are too precise – we assume we know more than we do. Take the photo-sharing product example. We need to start our lean startup process with discovery – and that is harder to hypothesise. Strategy: Simplify.

LEAN 100
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What You Need to Know About How to Execute a Project 

Planview

In this post, we’re going to show you how to execute a project. You’ve initiated your project, created an in-depth plan, and secured stakeholder buy-in. Except that, as every PMO knows, project execution is the most challenging stage of the project life cycle, and it’s only gotten more difficult in a world of hybrid and remote work.

Project 59