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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