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Balancing your innovation portfolio: Does the 70-20-10 rule still apply?

Idea to Value

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. But what does a well-balanced innovation portfolio look like?

Project 292
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Bubble PPM | G-Cloud 11 (G11) Approved Project Portfolio Management supplier | PPM software

Bubblegroup

Bubble PPM – G-Cloud 11 approved Project Portfolio Management software The UK Government’s Crown Commercial Service selects Bubble Innovator Ltd as a G-Cloud 11 supplier on the 2019-20 Digital Marketplace, opening up further opportunities for Project Portfolio Management (PPM) services to the public sector. Management.

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Negativity Bias: Conservatism in Funding Novel Projects?

Michael Roberto

Source: capital.com Is your organization's resource allocation process biased against funding original ideas or novel projects? They examined a "conservatism bias" in funding novel projects. Jacqueline Lane and her colleagues published a fascinating paper in Management Science in 2020.

Project 26
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Why Do We Miss Deadlines and Overrun Budgets?

Michael Roberto

Source: USA Today We all have experienced projects that miss key deadlines and exceed budgets. Yet, at the start, we thought we had been reasonable, even conservative, in our projections. Staats, Milkman, and Fox found that people tend to overestimate the benefits and underestimate the costs of increasing team size on a project.

Project 34
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What is the ambition matrix and how does it work as part of an innovation portfolio?

Idea to Value

Most companies are not really aware of all of the innovation projects they are working on. Let alone which project mix they should be working on. Here is the original image of the Ambition Matrix from the article: Original Image of the Ambition Matrix from HBR 2012. Is this project an innovation at all?

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Bubble PPM | G-Cloud 10 (G10) Approved Project Portfolio Management supplier | PPM software

Bubblegroup

Bubble PPM – G-Cloud 10 approved Project Portfolio Management software The UK Government’s Crown Commercial Service selects Bubble Innovator Ltd as a G-Cloud 10 supplier on the 2018-19 Digital Marketplace, opening up further opportunities for Project Portfolio Management (PPM) services to the public sector. Management.

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Smarter Homes - Opportunities in the Growing Home Automation Market

Wellspring

The burgeoning interest in this technology provides an opportunity that businesses can’t ignore - the smart home market is projected to be worth $292.43B by 2024 and the output of relevant intellectual property continues to grow year over year (Figure 1). Source: Wellspring for Tech Scouting Data.