IdeaScale

APRIL 19, 2024

What is a Project Charter? A project charter is defined as a formal document that provides an overview of a project's objectives, scope, stakeholders, deliverables, timeline, and other key elements.

Project 130

Project Examples 130

Harvard Business Review

OCTOBER 13, 2023

There’s a popular fallacy that encourages big-project managers to forge ahead as quickly as they can, on the basis that the payoffs will likely be bigger than they imagine.

Project 145

Project Management Analysis Strategy 145

Harvard Business Review

DECEMBER 2, 2024

When selecting new innovation projects, some committees prize consensus — and thus end up funding only ideas whose success is plain to see, which is often an incremental innovation. Meanwhile, venture capitalists looking for the next big thing might do the opposite, picking projects on which they disagree.

Project 114

Project How To Innovation Product Development 114

Idea to Value

MAY 28, 2021

If you or your company has invested in an innovation or project, and it just is not working, when is the right time to stop it? This is known as the Sunk Cost Bias or Sunk Cost Fallacy , and it can be a killer of Innovation Labs and innovation projects. Billion, but was discontinued before completion after spend reached GBP 12 Billion.

Project 321

Project Study Groups Marketing 321

Harvard Business Review

NOVEMBER 1, 2023

If you’ve ever developed a product, you’ve almost certainly been derailed by scope creep. Features multiply, priorities blur, and schedules and budgets suffer. As a leader, how can you recognize scope creep and realign your team? Shift the focus from “what” you’re building (the deliverables) to “why” you’re building it (the outcomes).

Project 141

Project Management Product Development Strategy 141

Destination Innovation

APRIL 14, 2021

Imagine that the project has been a surprisingly big success. Write the report and then share it with your team or whoever is working with you on the project. Of course you should separately consider all the ways in which the project could fail. Image by Neven Divkovic from Pixabay. Write it up. It should include.

Report 343

Report Project Course Creativity 343

Idea to Value

SEPTEMBER 5, 2022

However, eventually as more employees join the company, the research shows that without management layers being added, employees become unable to organise themselves to actually deliver projects. While a flat hierarchy led to more creative ideas in Start-ups, it often resulted in worse commercial performance.

Project 313

Project Creativity Innovation Ideation 313

Idea to Value

JULY 6, 2021

Walking away from an idea or project which is just not working. In some cases this can mean literally moving on and walking away, to another team or project. However, become clear on what success would mean for that idea or project. If that all does not work, it might just be time to walk away from that idea or project.

How To 304

How To Project Resources Creativity 304

Idea to Value

NOVEMBER 28, 2022

One of the best ways to assess what proportions your company should allocate to different types of innovation projects is by looking at your current and desired innovation portfolio. This is one of the fundamental strategic questions which every business leader needs to consider. The 70-20-10 ratio was always an average though.

Project 288

Project Innovation Report Software Review 288

IdeaScale

AUGUST 23, 2021

Agile methodology is one of the most popular methods of software development and is a great way to organize and plan projects with your team. Through using these tools you can easily access flexible templates that align with the agile methodology and make collaborating on projects incredibly easy. Product Roadmap.

Agile 263

Agile Roadmap Project Collaboration 263

Idea to Value

JANUARY 21, 2022

When I was quite early on in my consulting career, I was tasked with evaluating all of the current projects which a client had. This is an example of a zombie project. Zombie projects are projects that just refuse to die. It may even start life as an innovation project or pilot. Or even worse, vampire projects.

Project 246

Project Resources Ideation Meeting 246

Idea to Value

NOVEMBER 21, 2022

While the massive layoffs at meta are terrible, it sadly shows one of the major issues that companies struggle with when they try to grow and innovate too quickly … facebook tried a huge number of innovation projects which failed. Precious little of it has stuck, except for the headcount brought to work on these projects.

Project 247

Project LEAN Resources Leadership 247

IdeaScale

MAY 4, 2021

However, project managers might wonder exactly who these “crowd workers” are. Critics often assume that employed professionals don’t have time to participate in crowdsourcing projects. This means that crowdsourcing projects are generally a hobby or a second source of income. Who Are Crowd Workers? What Motivates the Crowd?

Crowdsourcing 264

Crowdsourcing Project Report Design 264

Idea to Value

MAY 5, 2021

What happens when the scope of a project is constantly changed? As Greg McKeown described on the Tim Ferris podcast : This project was of utmost importance to King Gustav so much that he allowed a whole forest of a thousand trees to provide the lumber for the project. Well, usually complete and utter failure.

Project 266

Project Innovation Design Change 266

Idea to Value

DECEMBER 13, 2022

Innovation projects often fail because innovation teams, management, leadership and operations are not aligned on what success actually looks like. And one of the most important ways to have facilitate this in your projects is to ensure you have clarity and alignment from the very beginning on what the definition of success is for all teams.

How To 284

How To Training Project Innovation 284

Idea to Value

AUGUST 11, 2021

However, since innovation projects undoubtedly bring a degree of risk in their very nature, the bias can influence the decision-maker when faced with an option of a highly creative but risky innovation , compared to a less creative, less risky option. Lower the perceived risk of the innovation and project.

Creativity 290

Creativity Project Management Innovation 290

Idea to Value

FEBRUARY 15, 2022

Sometimes, when we start something (whether it be a personal creative project, an innovation project or even a very personal project), the truth is that we do not know exactly what the end result will be. What I love here is the truth about the creative process we all sometimes go through.

Creative Process 256

Creative Process Tips Creativity Project 256

Idea to Value

NOVEMBER 10, 2022

Traditionally, one of the best ways to speed up the delivery of a project is to allocate more resources to it. Some projects cannot be done faster, even if more people work on it. In some situations, adding too many people to a project can actually slow down progress. Well, not necessarily.

Project 242

Project Resources Creativity Design 242

Paul Hobcraft

APRIL 6, 2023

Project management : Effective project management skills are essential for keeping cross-sector collaborations on track. Cross-sector innovation collaborations require a variety of tools and resources to support effective communication, collaboration, and project management.

Collaboration 291

Collaboration Software Innovation Culture 291

Idea to Value

FEBRUARY 3, 2021

Would they benefit from the revenue of such a big new project? Did your department head list out multiple reasons why your proposed innovation project isn’t a good idea? Did your advertising agency suggest it is time for a brand refresh after your new product didn’t fly off the shelves?

Analysis 288

Analysis Project System Strategy 288

Idea to Value

FEBRUARY 6, 2023

And the biggest drop is in what proportion of projects will be for transformational innovations. So appetite to invest in transformational projects which are seen as more risky will be lower at the higher levels of many companies, based purely on psychology and neuroscience. Nonetheless, this is not all bad news.

Technical Review 304

Technical Review Underperforming Technical Team Report Innovation 304

Paul Hobcraft

FEBRUARY 3, 2021

Knowing the issues, reducing often the ‘noise and distractions’ and making the professional case is what we need to do to attract commitment to the projects we are working upon. How can you reduce down uncertainty? The business evaluation obtained provides a consistency of approach to all cases irrespective across the organization.

Innovation 322

Innovation Analysis Guidelines Project 322

Idea to Value

JULY 21, 2021

And what impact does this have on innovation projects? Innovation projects are especially likely to suffer from decision makers not understanding their own Ambiguity Effect bias, since innovation can never provide all of the desired evidence in advance. It may be linked to a cognitive bias called the Ambiguity Effect bias.

Project 294

Project Creativity Report Study 294

Idea to Value

JANUARY 7, 2022

Ability to focus and not be pulled in multiple directions by competing projects. Ability to create a holistic innovation portfolio where it is clear which projects are being worked on. Negatives: Innovation resources may be pulled too thin if trying to work on multiple projects simultaneously.

Underperforming Technical Team 289

Underperforming Technical Team Resources Innovation Project 289

Idea to Value

JULY 13, 2021

And in order for that team to be effective innovators, they need to feel like it is safe to speak openly about their progress on challenging projects with unknown targets, and where things will never run according to plan. Some projects should in fact be stopped , but companies are afraid to because of sunk costs.

Innovation 320

Innovation Project Creativity Brainstorming 320

HYPE Innovation

OCTOBER 10, 2022

Typically, innovation managers are researchers, strategists, evangelists, or pioneers who venture on to become change agents, leaders, organizational designers, coaches, and ultimately fill the seats of process owners, decision makers, and project managers.

Innovation Management 264

Innovation Management Open Innovation Management Innovation 264

Idea to Value

MARCH 21, 2022

You will encounter a lot of frustrations along the way, and at each of these moments, it can be very tempting to quit the project which is currently taking your energy and giving you frustration, and instead want to shift to the new shiny thing which you are energised by. It is fine to be working on multiple things simultaneously.

Project 246

Project Creativity Technology Innovation 246

Idea to Value

OCTOBER 25, 2022

Essentially, every idea an employee has needs resources in order to be turned into an innovation project. Project Manager ? However, the Team Lead might not have the authority to give those resources, so they ask their Project Manager. Resources like money, a team and time away from an employees other duties. Team Lead ?

Resources 256

Resources Project Management Culture 256

Idea to Value

DECEMBER 5, 2024

Our team brings together individuals from multiple departments, each contributing a portion of their time—typically 20% to 50%—to the innovation project. The same meetings, goals, and projects persist, leaving little room to truly focus on innovation tasks. ” This is a common issue in innovation teams.

Innovation 199

Innovation Project Management Meeting 199

Idea to Value

AUGUST 6, 2021

How do you manage projects where the requirements are likely to change frequently. So if your innovation team needs a system for managing multiple streams of smaller projects, KANBAN can be a useful tool to have in your arsenal. Or where teams might be independently working on multiple aspects separately but simultaneously.

Software Developers 321

Software Developers Software Development How To LEAN 321