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:

In-Person Meetings Are Expensive: The Cost of Traveling For Face-To-Face Collaboration

In-person meetings with remote employees can cost more than seven times remote meetings, causing stress and mental health issues. Stormboard is a remote collaboration tool that eliminates the need for travel.

View

The top 10 challenges of innovation and how to overcome them

Innovation is critical for business growth but poses several challenges. Here are ten internal problems that hinder innovation and the solutions to overcome them.

View

First-Mover or Fast-Follower: Which is the right innovation strategy for you?

Learn about the advantages and disadvantages of being a first mover or a fast follower in innovation strategy.

View