This document discusses innovation projects and management. It defines innovation as new ideas that create value through new or improved systems or practices. Innovation projects are often more complex than usual projects and require more flexible tools, communication, and leadership. The goals of innovation include positive change, developing new competencies, and identifying savings and market opportunities. Drivers include competition, regulations, and customer expectations. Innovation can involve new processes, products, marketing, or organizations. Common innovation tools and approaches include benchmarking, brainstorming, and process reengineering. The document outlines incremental and radical strategic approaches to innovation and barriers such as risk aversion. It provides references on creativity, project management, and innovation strategies.

1. Presented by
Emad Al-Shirbeeny

2. • Implementation of new ideas
that create value.
• Introduction of new systems
or practices
• Replacement of existing
systems or practices with
significantly improved ones.

3. Innovation
Projects
• They are often more complex than usual
projects.
• They need more flexible tools and
approaches.
• They need more robust inter-communication
among all players and stakeholders.
• They need to establish a project performance
assessment system.
• They need a different genre of leadership to
manage people and be successful.

4. Goals of Innovation
• To make a significant positive change
• To build a culture of innovation
• To develop new competencies
• To identify savings potential
• To achieve revenue potential
• To identify market trends
• To improve quality & core processes
• To access new technologies / markets
• To build customer loyalty

5. • Financial pressures
• Increased competition
• Shorter product life cycles
• Value migration
• Stricter regulation
• Industry and community needs
• Increased demend for accountability
• Demographic, social and maket
changes
• Rising customer expectations
• Changing economy
• Availability of useful technologies
Innovation Drivers

6. • Process Innovation: A new or significantly improved
production or delivery method, including changes in
techniques, equipment and/or software.
• Product Innovation: A new or significantly improved
good or service, such as significant improvements in
user friendliness or other functional characteristics.
• Marketing Innovation: A new marketing method
involving significant changes in product design, product
placement, product promotion or pricing.
• Organizational Innovation: A new organizational
method in business practices, workplace organization or
external relations.
Innovation Types

7. • Benchmarking
• Brainstorming
• Business Process
Reengineering
• Change Management
• Technology Audit
• Technology Forecast
• Value Analyses
General Innovation Tools Managerial Innovation Tools
• Failure Mode & Effect Analysis
• Peer Evaluation
• Team Building
• ISO 9000
• Total Productive Maintenance
Production Innovation Tools
• Design for X
• Quality Function Deployment
Process Innovation Tools
• Manufacture & Assembly Design
• Lean Thinking
• Continuous Improvement
• Concurrent Engineering
• Just In Time
Innovation Management Tools

8. Incremental Approach
• Focus on creating new
products and services to
grow revenue and sales,
protect current business
models, and create new
business models.
Radical Approach
• Essential to developing new
markets, finding new
customers, and remaining
competitive, although it
implies a difficult, lengthy
and risky process.
Strategic Approaches of Innovation

9. • A suspicion of novelty, a fear of the unproven.
• A culture that over emphasizes cost
containment, processes, consistency or
efficiency.
• A general fear of risk taking, wanting to
analyze, to wait and see what others do in the
market before acting.
• A lack of explicit funding for experimentation.
• A tendency to shoot down novel ideas as a way
of scoring points.
Barriers to Innovation

10. • Warner, P. D. (2012). Creativity and innovation in
project management. Paper presented at PMI®
Global Congress 2012—North America, Vancouver,
British Columbia, Canada. Newtown Square, PA:
Project Management Institute.
• Fernando M., "Innovation in Project Management
and influencing the success of innovation
strategies.", June 2006
• Covvey H. D., "Industrial-Strength Innovation
Project Management", 2009
• Goodman E., "Open Innovation for Project
Management", November, 2012
• Keegan A and Terner J. R., " The Management of
Innovation in project based firms", December 2000
• Filippov S., Mooi H., "Innovation project
management: a research agenda", 2000.
• Huff, A. S. (2016). Project innovation: evidence-
informed, open, effectual, and subjective. Project
Management Journal, 47(2), 8–
26. doi: http://dx.doi.org/10.1002/pmj.21576
References