Innovation: The Top Five Things Project Managers Need to Know
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Transcript of Innovation: The Top Five Things Project Managers Need to Know
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Innovation:The Top Five Things Project Managers Need to Know
Tony Appleby, MBA, PMP, SCPMPMI Certified OPM3® Professional
PMI Guadalajara Congreso en Dirección de Proyectos6 November 2015
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MATURITY MODELSWHAT IS INNOVATION?
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MATURITY MODELSWHAT IS INNOVATION?
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MATURITY MODELSWHAT IS INNOVATION?
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MATURITY MODELSWHAT IS INNOVATION?
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MATURITY MODELSWHAT IS A PROJECT?
A project is a temporary endeavor undertaken to create a unique product, service, or result. The temporary nature of projects indicates that a project has a definite beginning and end.
PMBOK® Guide, Fifth Edition, Project Management Institute
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MATURITY MODELSWHAT IS A PROJECT?
Projects are the means society and organizations use to create, to change, and to build. Because of the importance of projects, society and organizations must understand the process and learn to manage projects successfully, or they will be forced aside by those who do.
Durrell and Ellsworth, Modern Project Management, 1980
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MATURITY MODELSSO, WHAT IS AN “INNOVATION” PROJECT?
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MATURITY MODELSHERE IS AN INNOVATION PROJECT…
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MATURITY MODELS…IT BLENDS TRADITIONAL AND AGILE
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MATURITY MODELSTHE PM’s ROLE IN INNOVATION
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MATURITY MODELSA BRIEF SIDE-TRIP
Strategic and Business Management
Definition: Knowledge of and expertise in the industry / organization that enhances performance and better delivers business outcomes.
• Ability to connect the dots between your work and larger organizational strategy to drive project outcomes
• Understanding of the overall business context
• Will vary from person to person
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MATURITY MODELSIMPACT OF STRATEGIC FOCUS?
72% Average project success rate when organizations align their
talent to organizational strategy
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MATURITY MODELSPRIMARY TRAIT OF AN INTRAPRENEUR?
71%Percent of organizations which
rank leadership skills as the most important for long-term success
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MATURITY MODELSTOP FIVE TIPS → No. 5
Innovation Project Challenges Are the Same as a Regular Project. They Are Just Different.
• Time
• Quality
• Cost
• Effort
• Resources
• Communications
Market DemandLead the CompetitionCapitalize on Opportunity
Timing of Communications to Clients / PublicCreating and Maintaining “Buzz”
“You Only Get One Chance to Make a First Impression”
When Time and Money are Constrained, You Can Only Negotiate Scope and Quality
Innovation programs are typically underfunded
Leverage test environments (“innovation labs”) to the extent practicable
Centralized Documentation Repositories!
Research, research, research
Risk Management 101
Training and education of new resources can take a long time
Find / develop project-based resources from existing staff
Privacy and intellectual capital
Social media (“buzz”)
Early team engagement
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MATURITY MODELSTOP FIVE TIPS → No. 4
Focus on What Success Looks Like
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MATURITY MODELSTOP FIVE TIPS → No. 3
Never, Ever Forget about Stakeholder Management
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MATURITY MODELSTOP FIVE TIPS → No. 2
Risk Management (Yes, I Am Repeating This on Purpose)
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MATURITY MODELSTOP FIVE TIPS → No. 1
IT IS A Project. Remember to Treat It Like One!
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A BONUS
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A BONUS
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A BONUS
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SUMMARY
INNOVATIVE PROGRAMS AND DISRUPTIVE IDEAS BRING CHALLENGES
Project managers can excel in this environment by:
• Applying lessons learned from companies with experience,• Tapping into their entrepreneurial spirit,• Mixing the best of methodologies to maximize delivery results,• Enabling team success by good project management skills,• Attending to the business, and• Being a leader.
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“The future is already here; it is just unevenly distributed.”
William Gibson
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SUMMARY
Many thanks to the following specific thought leaders and researchers whose publications helped inform this presentation:
• Sara Gallagher; The Persimmon Group; Time, Risk, and Innovation: Creating Space in Your Day to Solve Meaningful Problems
• Mueller, J. & Deal, J.J. Why some companies say they want to be creative but fail to produce creative products? Unpublished manuscript (2015)
• Pamela Stevenson, PMP; Chief Project Office Partners; Taking Innovation to Reality – Disruptive Project Management
• Lory Mitchell Wingate; Author; Project Management for Research and Development (2015)
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OPEN DISCUSSION
Q & A
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MATURITY MODELSMATURITY MODELS