Portfolio Management
Innovation initiatives are not usually run in isolation, but as a series of projects and this step makes sure that maximum value can be gained by managing a coherent pipeline of innovation geared towards continual improvement. We start by compiling an overall innovation plan and implement a few simple mechanisms to maintain a balance between encouraging new initiatives onto the plan and protecting those already committed to.
Framework
- Innovation Plan: Showing all planned innovation activity with key dates and project stages. Underpinning the plan is a view of the value of each initiative facilitating clear communication of the innovation landscape to key stakeholders.
- Reception Process: Regular review of the portfolio where new innovation initiatives are evaluated against strategic priorities and considered for addition to the plan.
- Triage: Scoring new initiatives using quick and easy methods early in their lifecycle to determine their attractiveness and therefore where they should fit on the Innovation Plan.
- Portfolio Management Process: Regular status review of the progress against the plan of committed innovation.
Innovation Age Product
We offer a full pipeline management service, starting with building the Innovation Plan complemented with the appropriate light-touch governance giving you confidence of delivery. We also deliver high quality regular status reporting tailored to your needs giving you confidence of delivery and facilitating high level stakeholder management.