This document provides an overview of an innovation management training course on project and portfolio management concepts. The target audience is those with little experience in formal project management. The course objectives are to understand general project management concepts and how they relate to innovation management, learn common tools and techniques, and understand the importance of execution. The syllabus covers innovation execution methodology in the first segment and project management concepts in the second segment, followed by a quiz.

1. Innovation Management
Foundational Training
Course No. 104 –
Project/Portfolio Management Concepts
Presented By:
Think For A Change
© Think For A Change

2. Course 104 – Project / Portfolio
Management Concepts
Target Student Audience:
Little to no experience with:
 Formal project management concepts, tools
and/or techniques
 Innovation management concepts
Frustrated with:
 Failure to execute upon ideas
 Failure to adequately plan
 Failure to anticipate and/or mitigate risks
 Waste that results from reluctance stop and/or kill
outdated and ineffective projects
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3. Course 104 – Project / Portfolio
Management Concepts
Course Objectives:
At the conclusion of this training, the
student should have:
 A solid understanding of general project
management concepts and how those concepts
inter-relate with innovation management
 An awareness number of tools, techniques and
documents utilized in managing innovation-
related projects
 Increased knowledge regarding the importance
of execution and action in innovation
management
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4. Course 104 – Project / Portfolio
Management Concepts
Course Syllabus:
Segment Innovation Execution
One Methodology
Segment Project Management
Two Concepts
Review and Demonstrate
Quiz What You’ve Learned
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5. Segment
One
Innovation Execution
Methodology
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6. Course 104 – Project / Portfolio
Management Concepts
Innovation Execution Methodology:
Ideas + Action + Need =
Innovation
“Vision without Action is merely a dream…
Action without Vision just passes the time…
Vision with Action can change the world”
Joel Arthur Barker
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7. Course 104 – Project / Portfolio
Management Concepts
Innovation Execution Methodology:
Five “Must Have’s” For
Innovation Success
 Leadership Engagement
 Not just commitment, awareness, approval or
buy-in
 Business Discipline
 Innovation treated as an equal business
discipline, not a singular event
 Resources
 Human, Money, Time and Space
 Process
 Efficient and Effective
 Execution Discipline
 Approach to managing action
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8. Course 104 – Project / Portfolio
Management Concepts
Innovation Execution Methodology:
“If You Don't Know
Where You're Going,
Any Road Will Get
You There.”
The Cheshire Cat from Alice In
Wonderland
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9. Course 104 – Project / Portfolio
Management Concepts
Innovation Execution Methodology:
 “Fuzzy Front End”
 Problem Identification
 Idea Generation
 Idea Screening
 “Messy Back End”
 Development
 Prototyping
 Customer Need New Product
Business Feasibility

 Testing
Development
 Implementation Life Cycle
 Commercialization
 Pricing
 Marketing
 Launch
 Distribution
 Sunset Period
 Extensions
 Improvements
 Maintenance
 End of Life © Think For A Change

10. © American Institute for Innovation Excellence

11. Course 104 – Project / Portfolio
Management Concepts
Innovation Execution Methodology:
There Are Many “Roads” To
The Same Destination
 Stage Gate Process
 Discovery / Scoping / Plan / Development / Testing & Validation /
Product Launch
 Business Process Management
 Design / Modeling / Execution / Monitoring / Optimization
 Software Development Life Cycle
 Initiation / Planning / Requirements / Design / Build / Testing /
Operations / Maintenance
 Lean / SixSigma
 Define / Measure / Analyze / Improve / Control
 Define / Measure / Analyze / Design / Validate
 TRIZ
 PDCA Cycle
 Plan / Do / Check / Act
 Project / Portfolio Management…
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12. Segment
Two
Project Management
Concepts
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13. There Are Many “Roads” To
The Same Destination (cont’d)
 Project & Portfolio Management
 Project Management Institute
 Initiating / Planning / Execution / Control / Closure
 PRINCE2
 Start-up / Initiating / Directing / Controlling / Managing /
Closing
 Critical Chain
 “Theory of Constraints”
 Planning / Execution / Monitoring
 eXtreme Project Management
 “Agile & Scrum”
 Model / Implement / Test / Deploy
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14. Project Managers Find Answers
To These Key Questions
 Initiating:
 Where Are We Going?
 Why Do We Want To Go There?
 Planning:
 Who & What Do We Need To Get There?
 How Long Will It Take To Get There?
 How Much Is It Going To Cost To Get There?
 Execution & Control:
 How Will We Know We Are Making Progress?
 How Will We Deal With Any Problems Along
The Way?
 Who Needs To Know What We Know?
 Closure:
 How Will We Know We Have Arrived?
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15. Project Management Phases
(Key Activities, Deliverables & Document Artifacts)
 Initiating:
 Activities:
 Define Key Project Parameters:
 Key Deliverables
 Timeline
 Resources
 Effort
 Budget
 Artifacts:
 Scope Definition Document
 Business Case
 Cost/Benefit Analysis
 Charter
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16. Project Management Phases
(Key Activities, Deliverables & Document Artifacts)
 Planning:
 Activities:
 Secure required resources
 Plan project details:
 Business Requirements
 Design and Architecture
 Work Breakdown Structure
 Task Sequencing / Critical Path
Identification / Scheduling
 Budget Estimation
 Risk Assessment & Mitigation Planning
 Communication Planning
 Artifacts:
 Project Management Plan
 Includes individual planning detail
documentation and artifacts
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17. Project Management Phases
(Key Activities, Deliverables & Document Artifacts)
 Execution & Control:
 Activities:
 Schedule Management
 Task Completion Tracking
 Budget Management
 Resource Management
 Issue/Risk Management
 Quality Management
 Communication Management
 Status Reporting
 Stakeholder/Sponsor Touchpoints
 Change Management
 Scope / Budget / Schedule
 Artifacts:
 Status Reports
 Project Health Check
 Meeting Agendas/Notes
 Risk/Issues Log
 Assumptions/Decisions Log
 Change Management Log
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18. Project Management Phases
(Key Activities, Deliverables & Document Artifacts)
 Closing:
 Activities:
 Post-Mortem Assessment
 Capture Lessons Learned
 Artifacts:
 Updated Project Documentation
 Final Status Report
 Closure Report
 Lessons Learned Report
 After Action Review
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19. Portfolio / Program / Project
Management Concepts
Portfolio
Program A Program B
Project C Project D Project A1 Project A2 Project B1 Project B2 Project B3
 A Portfolio is a collection of projects and/or
programs that are grouped together to facilitate
effective management to meet a strategic business
objective
 A Program is a group of related projects managed
in a coordinated way to obtain benefits and control
not available from managing them individually
 A Project is a temporary endeavor undertaken to
create a unique product, service or result.
* From the Project Management Body of Knowledge, 4th Edition, Project Management Institute, 2008
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20. Portfolio / Project Management
Approach To Innovation
RISK
EXISTING LOW RISK HIGH RISK
Sustaining Breakthrough
EXISTING vs. NEW
NEW
Incremental Disruptive
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21. Portfolio / Project Management
Approach To Innovation (cont’d)
RISK
LOW RISK HIGH RISK
Project A1
EXISTING
Sustaining Breakthrough
EXISTING vs. NEW
Project B
Project A2
NEW
Incremental Disruptive
Project C1
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22. Portfolio / Project Management
Segmentation & Constraints (cont’d)
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23. In Innovation…“Dreamers” Need
“Doers”
 Creativity:
 “The phenomenon whereby a person creates
something new (a product, a solution, a work
of art, etc.) that has some kind of value”
 Spending Money to Generate Ideas
 Dream It…
 Innovation:
 “The process of acting upon, or putting to
use, a new concept or combination of
concepts that creates new value and/or
captures value in new ways.”
 Spending Ideas to Generate Money
 Do It…
 Using Project Management As An
Execution Tool for Innovation
Means Matching The “Dreamers”
with the “Doers”
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24. Review
 Innovation is about action
 Action needs to be managed
 There are many ways to
manage
 Project management
methodology is probably
already built into your
organization
 Leveraging portfolio
management methodology is a
good way to “spread your bets”
 Match “Dreamers” with “Doers”
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25. Quiz
Demonstrate What
You’ve Learned!
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26. Project / Portfolio Management Concepts
Quiz – Question 1:
Q1.
What are the five (5)
“Must-Haves” for
successful
innovation?
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27. Project / Portfolio Management Concepts
Quiz – Question 1:
Q1. A1.
What are the five (5) Any combination of the
“Must-Haves” for following:
successful •Leadership Engagement
innovation? •Business Discipline
•Resources
•Process
•Execution Discipline
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28. Project / Portfolio Management Concepts
Quiz – Question 2:
Q2.
The section of the New
Product Development
Life Cycle that deals with
execution, or bringing
new ideas to life, is
commonly referred to as
what?
A. Fuzzy Front End?
B. Commercialization?
C. Messy Back End?
D. Planning?
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29. Project / Portfolio Management Concepts
Quiz – Question 2:
Q2. A2.
The section of the New The Correct Answer is:
Product Development Life C…The “Messy Back
Cycle that deals with
End”
execution, or bringing new
ideas to life, is commonly
referred to as what?
A. Fuzzy Front End?
B. Commercialization?
C. Messy Back End?
D. Planning?
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30. Project / Portfolio Management Concepts
Quiz – Question 3:
Q3.
Put the five main
project management
process phases in the
correct order:
Planning Control
Closure
Execution
Initiating
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31. Project / Portfolio Management Concepts
Quiz – Question 3:
Q3. A3.
Put the five main 1. Initiating
project management 2. Planning
process phases in the 3. Execution
correct order: 4. Control
5. Closure
Planning Control
Closure
Execution
Initiating
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32. Project / Portfolio Management Concepts
Quiz – Question 4:
Q4.
A __________ is a
temporary endeavor
undertaken to create a
unique product, service or
result.
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33. Project / Portfolio Management Concepts
Quiz – Question 4:
Q4. A4.
A __________ is a Project
temporary endeavor
undertaken to create a
unique product, service or
result.
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34. Project / Portfolio Management Concepts
Quiz – Question 5:
Q5.
Leveraging the portfolio
management
approach is a good
way to “spread your
innovation
management
investment bets.”
TRUE or FALSE?
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35. Project / Portfolio Management Concepts
Quiz – Question 5:
Q5. A5.
Leveraging the portfolio TRUE
management
approach is a good
way to “spread your
innovation
management
investment bets.”
TRUE or FALSE?
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36. Congratulations!
You have completed:
Innovation Management
Foundational Concepts
Course No. 104 – Project / Portfolio
Management Concepts
Presented By:
Think For A Change
© Think For A Change

37. For more information on
best/next practices,
educational training, tools,
techniques and process
models for:
• Creative Problem Solving
• Idea Management
• Innovation Management
Please visit:
www.thinkforachange.com
© Think For A Change