This paper introduces a portfolio based approach for innovation management. Excellent discussion for the CIO to understand how to use Project Portfolio Management (PPM) to improve returns on their innovation efforts both within and outside the IT Organization. (100+ Pages)
Project Portfolio Management is used to improve returns on IT investments. The focus is to align each investment with business strategy - usually a very good assumption that every IT dollar must be in support of some clear strategic imperative. However, are there innovations that do not directly support a business imperative yet must be pursued? Why? Understanding the characteristics of innovation is critical to answering this question.
Does the "normal" process for PPM work for innovation projects/investments? The author suggests a different process for innovation projects that uses factors unique to driving performance in such projects.
Excellent Read!
