First Steps Towards a Successful Innovation and Portfolio Management Office with edison365

The need for successful innovation has become increasingly critical in today's disruptive environment. However, innovative activities are often not supported by traditional processes and rules of portfolio management offices, resulting in a disconnect between the two. To address this issue, organizations can establish an Innovation and Portfolio Management Office (IPMO). The IPMO leverages the strengths of innovation and project management to improve transformation delivery and ensure the right benefits are achieved against the organization's strategy. This blog explores how an IPMO can support successful innovation by aligning business change with the overall strategy, combining the best of two cultures, providing prioritization and visibility, ensuring value throughout the business transformation process, encouraging ownership at a higher level, and delivering one reporting entity. Further, edison365ideas, a tool built for Microsoft 365, can support an IPMO by providing a central location for ideas to be gathered and encouraging widespread involvement from the entire organization.