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What is Project Portfolio Management? Project Portfolio Management (PPM) is a strategic process used by organizations to evaluate, select, and manage a group of projects in alignment with broader business goals.
What is PMBOK Project Management? The PMBOK (Project Management Body of Knowledge) Process-Based Project Management approach is a comprehensive, structured methodology that helps organizations align project objectives with overarching business goals.
You may know that in addition to my work on innovation and creativity , I work as a professional Project Manager. As I’ve just finished leading an 18-month project, I am reflecting on how project management and leading teams is changing as Artificial Intelligence becomes more common in the workplace. Let’s dive in.
As the leader of a cross-functional innovation team within a large pharmaceutical company accelerator, I’ve noticed a recurring challenge: team members struggle to balance their innovation tasks with the demands of their regular roles. The same meetings, goals, and projects persist, leaving little room to truly focus on innovation tasks.
In this White Paper, Logi Analytics has identified 5 tell-tale signs your project is moving from “nice to have” to “needed yesterday.". Many application teams leave embedded analytics to languish until something—an unhappy customer, plummeting revenue, a spike in customer churn—demands change. But by then, it may be too late.
The image here is the list of exactly which capabilities your company needs to succeed at innovation. Almost every business leader will tell you that they value innovation and that it is a positive & important factor for their company. Now, I’m going to outline step by step what enables a company to deliver those ideas.
A Plan of Record (PoR) is a formally approved strategic document that serves as the single source of truth for a companys planned initiatives, projects, and priorities over a specific time frame. Unlike general project plans or backlogs, a PoR has received formal approval from key stakeholders, making it authoritative and binding.
By intentionally diversifying innovation investments, companies can sustain day-to-day operations, capitalize on near-term opportunities, and simultaneously prepare for future shifts in market dynamics or technology. This structured approach helps companies avoid innovation imbalance.
It helps companies plan for the future instead of reacting to disruption when it’s too late. The framework supports innovation projects by: Highlighting when incremental improvements will no longer yield competitive advantage. Heres a step-by-step guide to implementing it effectively in innovation projects.
But many companies fail to achieve this goal because they struggle to provide the reporting and analytics users have come to expect. It will show you what embedded analytics are and how they can help your company. Every application provider has the same goals: to help their users work more efficiently, and to drive user adoption.
His work through The Ocean Cleanup project reflects the impact of fresh, bold thinking in tackling global environmental issues. Look for Stories Within Your Organization Dont just look outside your company; look within it. Boyan Slat : A young Dutch inventor who, at 18, developed a system to clean plastic from the oceans.
In October 2024, Planview sponsored the first Project to Product Summit (and it won’t be the last). In these sessions, speakers from FedEx, Nationwide, Spotify, Vanguard, Verizon, and Planview described their journeys, shared the roadblocks they encountered, and laid out the strategies they developed for the project-to-product shift.
White Space Innovation is a strategic framework used to identify and pursue growth opportunities beyond a companys current product lines, markets, or business models. Companies that embrace White Space Innovation aim to break out of stagnation, stay ahead of disruption, and create long-term competitive advantage.
Benchmarking is a strategic process that involves measuring an organizations performance, practices, or processes against industry leaders or top-performing companies. By evaluating how other high-performing organizations operate, benchmarking helps companies uncover new ideas, validate internal assumptions, and prioritize investments.
Most innovation work proceeds independently from company strategy. As a result, the products that arrive in the market are not well aligned with the company’s goals.
Gap Analysis: A Practical Guide for Strategy Projects Gap Analysis is a structured framework used to evaluate the difference between an organizations current performance and its desired future state. This analysis is widely used across industries, from business operations and project management to human resources and product development.
It was popularized by McKinsey & Company and has since been widely adopted across industries as a roadmap for growth, adaptability, and strategic foresight. Horizon 3 (Disruptive Innovation) targets high-risk, high-reward transformations that could define the companys future. Lead Successful Innovation Projects!
Outcome Driven Innovation in Innovation In practical innovation projects, Outcome Driven Innovation serves as a strategic guide for aligning product development with real-world customer priorities. Consider a medical device company designing a new glucose monitor. Below is a step-by-step guide for using ODI in innovation projects.
Ohmae’s 3Cs Model: A Practical Guide for Strategy Projects The 3Cs Model , developed by Kenichi Ohmae , is a strategic framework that helps businesses achieve a sustainable competitive advantage by focusing on three key stakeholders: Customer, Company, and Competitor. Create long-term value for both customers and the company.
Scaling transformational innovations in large companies is challenging due to ‘Company Fit’ issues, which arise when the resources, processes, and priorities (RPPs) of the core business are not aligned with the needs of the new business.
Experiment Canvas in Innovation The Experiment Canvas plays a critical role in real-world innovation projects by helping organizations move from assumptions to evidence. Heres how to apply it in innovation projects: 1. Lead Successful Innovation Projects! Lead Successful Innovation Projects!
For example, companies like Netflix, Uber, and Airbnb began as disruptive innovationsentering markets dominated by established players and offering new value through digital platforms, streamlined experiences, and lower costs. Lead Successful Innovation Projects! Lead Successful Innovation Projects!
Hedgehog Model: A Practical Guide for Strategy Projects The Hedgehog Model , developed by Jim Collins in his book Good to Great , is a strategic framework that helps organizations find their core focus and achieve long-term success. What You Are Deeply Passionate About Aligning strategy with the companys vision and values.
A Business Case is a structured document or presentation that evaluates the merits of a proposed project or initiative. A well-developed business case provides stakeholders with the information needed to make informed decisions about whether to move forward with a project. a 15-month payback period).
Speaker: Ketan Jahagirdar - Sopheon’s Director of Product Management
70% of most digital transformation projects fail. In short, to basically transform the way a company makes money and delivers value to customers. Ways to improve governance, project performance, and financial visibility What roles do PMOs, project managers, and resource managers play in improving digital transformation?
Business Model Canvas in Innovation In innovation projects, the Business Model Canvas serves as a foundation for building scalable and customer-focused solutions. The canvas fits into real-world innovation projects by helping to: Define how a new product or service will generate value. Lead Successful Innovation Projects!
Kays Distinctive Capabilities Framework: A Practical Guide for Strategy Projects Kays Distinctive Capabilities Framework , developed by John Kay , is a strategic model that helps organizations identify and leverage their unique competitive advantages. Helping companies build a strong reputation and customer trust.
Value Disciplines Model: A Practical Guide for Strategy Projects The Value Disciplines Model , developed by Michael Treacy and Fred Wiersema , is a strategic framework that helps organizations identify and pursue a distinctive competitive strategy. Improves Resource Focus Ensures investments align with the companys primary value discipline.
Kotler’s Pricing Strategy: A Practical Guide for Strategy Projects Kotlers Pricing Strategy , developed by Philip Kotler , is a comprehensive framework that helps businesses determine the most effective pricing model to maximize revenue, market share, and competitive positioning. Lead Successful Strategy Projects!
Why do some embedded analytics projects succeed while others fail? We surveyed 500+ application teams embedding analytics to find out which analytics features actually move the needle. Read the 6th annual State of Embedded Analytics Report to discover new best practices. Brought to you by Logi Analytics.
McKinsey Seven Degrees of Freedom for Growth: A Practical Guide for Strategy Projects The Seven Degrees of Freedom for Growth is a strategic framework developed by McKinsey & Company to help organizations identify and prioritize growth opportunities. Helping companies diversify revenue streams and minimize risks.
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? Or if everything is going fine in your company but the market is changing, how do you know when to change the business model? However, this is not necessarily the best decision for the company.
McKinsey 7S Model: A Practical Guide for Strategy Projects The McKinsey 7S Model is a strategic framework developed by McKinsey & Company to help organizations assess and align their internal structure and processes for maximum effectiveness. Strengthen company culture and reinforce shared values. What is McKinsey 7S Model?
Innovation Matrix in Innovation In practical innovation initiatives, the Innovation Matrix helps organizations make strategic decisions about where to invest, where to improve, and how to balance resources across projects and teams. Lead Successful Innovation Projects! Lead Successful Innovation Projects!
Speaker: Michael Cardy - Red Hat Chief Strategist, Jason Tanner - CEO of Applied Frameworks, and Mike Mace - VP of Market Strategy at UserTesting
Companies have accomplished this through usability testing and real-time qualitative feedback from customers. In this webinar, leaders in digital transformation and project management will explain their tactics for usage testing and turning customer feedback into actionable insights.
In an environment where companies constantly seek innovation, launching new products or services without proper evaluation can lead to wasted time, effort, and financial loss. Gaining leadership approval and alignment with company objectives before moving forward. Lead Successful Change Management Projects!
Purpose Statement: A Practical Guide for Strategy Projects A purpose statement is a clear and concise declaration that defines an organizations fundamental reason for existence beyond making a profit. It articulates the companys core motivation, impact, and contribution to society. behind the companys existence.
Porter’s Diamond Model: A Practical Guide for Strategy Projects The Diamond Model , developed by Michael Porter , is a strategic framework that helps businesses and policymakers understand the factors that influence a nations competitive advantage. Helping companies identify location-based advantages for expansion.
Mullin’s Seven Domains Model: A Practical Guide for Strategy Projects The Seven Domains Model , developed by John Mullins , is a strategic framework designed to help entrepreneurs, business leaders, and investors evaluate the viability of a new business venture or strategic initiative. Lead Successful Strategy Projects!
Every company knows they need to innovate to survive in the global marketplace. At the same time, people are tired of buzzwords and ideas getting lost, and customers don’t care about a company’s self-aggrandizing 2030 vision. As CIOs, innovation managers, and project leaders, we need to evolve alongside them.
Core Competence Analysis: A Practical Guide for Strategy Projects Core Competence Analysis is a strategic framework used to identify an organizations unique strengths that provide a competitive advantage. Align internal strengths with market needs Ensuring company expertise meets customer demands.
Discovery Driven Planning: A Practical Guide for Strategy Projects Discovery-Driven Planning (DDP) is a strategic approach designed for uncertain, high-risk initiatives , where traditional planning methods may not be effective. Innovation-driven projects. Make data-driven decisions , rather than relying solely on projections.
Values Statement: A Practical Guide for Strategy Projects A values statement is a declaration of an organizations core principles and ethical standards that guide its behavior, decision-making, and culture. It defines what the company stands for and how it conducts business, influencing employees, customers, and stakeholders.
Agile Innovation is a dynamic approach to project execution that breaks initiatives into small, manageable tasks, enabling organizations to rapidly adapt to market changes. Companies that fail to adapt risk becoming obsolete in an environment where customer preferences, market trends, and technological advancements shift rapidly.
Speaker: Cheryl Perkins, Founder and President, Innovationedge
Companies these days cannot afford to stand still! Cheryl Perkins, Founder and President of Innovationedge and a visionary business leader, will share best practices of companies who are defining and implementing new business models. These models are used to create new pathways to value and deliver growth in today’s business climate.
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