Innovation portfolio management: what it is & why you need it

Innovation portfolio management: what it is & why you need it

Innovation portfolio management (IPM) helps oversee innovation projects independently, identifying where projects get stuck and deprioritizing non-essential projects. To implement IPM, businesses need to outline their strategic mapping framework, map strategic priorities, and map innovation projects, color-coding them to show their contributions to company goals. By using IPM, businesses can benefit from strategic resource allocation, clear roadmaps, negative space evaluation, and ambitious project insights, helping manage risks in the long run.

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More Innovation Resources:

3 Steps To Develop An Innovation Program For Health Care

Developing an innovation program is the most effective way to address disruption in healthcare. Here’s a three-step process to develop an innovation program.

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Dealing with Change Requests and Issue Management

Dealing with Change Requests and Issue Management

Change in a project is inevitable, but having an evaluation process and a set of guidelines can help project managers handle it effectively. A SaaS PM solution such as Planview AdaptiveWork can streamline change and issue processes.

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Black Swans Are More Common Than You Think

Black Swans Are More Common Than You Think

IT projects can become black swans that result in corporate meltdowns due to unexpected high costs and schedule overruns.

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