How to Select Your Best Value Innovation Project – The Secret is in a Well-Managed Product Project Portfolio!

How to Select Your Best Value Innovation Project – The Secret is in a Well-Managed Product Project Portfolio!

In the post-COVID economic recovery, innovation is on everyone's mind. However, there are always more ideas than resources. So, how do you focus on the most promising projects? MBA Mélanie Beauregard suggests building a product project portfolio through a few basic steps. Firstly, list all active product projects, and secondly, establish criteria for evaluating projects. Thirdly, evaluate projects in relation to each other, and fourthly, allocate resources by project. Finally, periodically update and review the portfolio to make informed decisions.

View

More Innovation Resources:

Connecting Dots 16 - INSEAD Reseach Topic

View

Great-West Life’s Innovation Management Journey

Great-West Life, a global financial services company, implemented an innovation management system, built on the Microsoft Azure cloud platform, to create a culture of innovation, customer-focused offerings and employee engagement.

View

Strategic Renewal in the Business Model

The race for strategic renewal and innovation is crucial for survival in a fast-changing environment. Companies need to quickly adapt their business models to address their customers’ new needs.

View