Building ROI and data into your innovation process

Building ROI and data into your innovation process

New innovations in mobile and digital products are constantly threatening larger, more rigid corporate counterparts, making it even more important to prioritize end-users’ needs. Failure of a project is not caused by flaws in the original idea but rather from poor execution and refinement during the project. Investment projection and course correction must continue during development. For any project, it's important to listen to user feedback early in the process to decrease the cost of changes required later. Measuring and testing user interaction makes ROI projections and performance targets realistic. Innovation in large enterprises can be successful through creative and thoughtful planning with consistent measurement and revision.

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More Innovation Resources:

The Gatekeepers: Heavy burden of decision making explained

Gatekeepers play a crucial role in the innovation process, making 'Go'/'No-Go' decisions at each phase. Their decisions need to be fact-based and objective.

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Innovation Strategy – What is it and how to develop one?

Developing an innovation strategy is crucial for long-term success. Here are five steps for developing your own innovation strategy and a few tools that can be used when mapping your strategic goals for success.

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Why You Should Adopt Agile Portfolio Management

Agile portfolio management can improve performance, results and ROI of your team's work effort. Planview PPM Pro provides portfolio visibility and reporting into all your enterprise agile projects.

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