Innovation Portfolio Management
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INTRODUCTION
Innovation Portfolio Management (IPM) can be the pivotal tool for translating strategic goals and priorities into project-based innovation activities. Moreover, it provides a framework for turning initial ideas into real investment opportunities. This course covers identifying and developing an innovation implementation framework that best fits the organization’s strategy and culture.
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COURSE OBJECTIVES
By the end of the course, you‘ll be able to:
- Understand of portfolio management
- Define approaches for designing an innovation portfolio
- Learn innovation portfolio strategies and challenges
- Learn how to integrate strategy and execute it
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COURSE AUDIENCE
This course is made for
- Business Men
- Business Unit Managers
- Business Development consultants
- Marketing Consultants
- Marketing Development Managers
- General Managers
- Leaders
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COURSE OUTLINE
Day One
Portfolio Management
- Introduction
- Impact of portfolio management
- Maintaining portfolio alignment
- Allocating financial resources
- Allocating human resources
- Allocating material or equipment resources
- Measuring portfolio component performance
- Managing risks
- Role of portfolio management
Day Two
Create Innovation Portfolio
- Integration of strategy and execution across portfolio management
- Balancing innovation in the short and long term
- Balance contrast and focus innovation initiatives
Day Three
Design Innovation Portfolio
- Innovation ambition matrix model
- Innovation Lifecycle Portfolio Model
- Impact and feasibility portfolio model
- Portfolio model options
Day Four
Manage Innovation Portfolios
- Innovation portfolio management
- Strategies for innovation portfolios
- Tools for managing innovation projects
- Manage the overall innovation system
- Challenges with innovation portfolios
Day Five
Strategic Innovation Portfolio Management
- Direction of future innovations
- Project portfolio management
- Evidence-based portfolio management
- Operational portfolio management
- Choice tool for making smart decisions
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