Innovation Management: Drive Growth: Transform Your Business with Innovation Management Presenter: Ben Chamberlain Title: Senior Product Manager – Microsoft Project
MPUG Presentation Conversation between Bill & Ben ……………. just checking in to see if there was anything new and exciting going on where we could have you come back and do something for us on 4/21/09”? “How about Innovation Management”? Ok, however confused on the link to MS Project? “Everything”!!! Bill Ben
Agenda Innovation Management Overview What is it? Is Innovation a priority for organizations? Does Innovation require a process? Demo Microsoft's IPM Solution Deployment Best Practices Q&A
Can PPM Help Organizations in a Recession? Should I Fund PPM Initiatives in the Downturn? Tough Times Ahead Global Economic Crisis Markets Tumble Credit Crunch / Fiasco Consumer Confidence Shattered Widespread layoffs Across all Industries Will Stimulus Packages Work? How can PPM Techniques Help? Improve Decision Making Maximize Resource Utilization Enhance Visibility & Control Accelerate Execution & Delivery Drive Growth & Business Performance
Strike The Right Balance in Varying Economies Successful Companies will Lay the Foundation for Growth Drive Growth Enhance Efficiency Reduce Costs
Strike The Right Balance in Varying Economies Successful Companies will Lay the Foundation for Growth Drive Growth Enhance Efficiency Reduce Costs Invest and lay the foundation for future growth
What is Innovation?
Is The Laser Innovation? Kastler-Brossel Laboratory at en:Paris VI: Pierre et Marie Curie. Copyright © 2004 David Monniaux No, this is a great INVENTION
Is This Innovation? © 3D Systems, Inc. © Bausch & Lomb Incorporated. © Cambridge Audio © Toshiba America Consumer Products © NBC Universal YES!
Innovation is …… ServiceProcessProduct
Innovation Yields Results
Netflix: Redefinning an Industry
Is Innovation a Priority Organizations?
Innovation Management Resonates The Global Cross Industry Pipeline is Strong!
Innovation is a key corporate priority Over 60% of respondents indicated that the organization’s strategy depends “Totally” or “Largely” on innovation for long term success “To what extent does your organization’s strategy depend on innovation for its long term success?” Source: Accenture Innovation Survey, Totally Largely Moderately Minimally Not at All Don’t Know
Opportunity A gap exists between commitment and execution of innovation “ Percentage of companies indicating that they are stronger than competition with respect to…” Organization’s commitment to innovation Support of CEO to Innovation Frequency of Innovation Pace and speed of innovation Commitment Execution Source: Accenture Innovation Survey,
Does Innovation Require a Process?
Requires Organizational Commitment Executive Commitment Funding & Risk Taking Employee Incentives Cultural Change The Right Process SupportingTechnology
A Process is Required to Facilatate Innovation Success Innovation Process Management Innovate Capture Idea Develop Business Case Rate & Review Select & Fund Deliver Build Project Team Track Project & Portfolio Performance Release to Market Measure Analyze Market Trends Assess Portfolio performance Finalize lifecycle decisions “ A process is required to encourage, identify and deliver innovation”
Innovate: Identify & Select Ideas IMO Review Portfolio Analysis Approval Peer Rating & Review Peer Capture Idea Run Enterprise Search Define & Prioritize Business Strategy Build Detailed Business Case IMO Review Portfolio Analysis Build High Level Business Case Build Build Project Team Approval Select Define Evaluate Formulate Capture Strategize To Deliver DeliverTo
Tools: It's More than Just the EPM Solution Select Define Evaluate Formulate Capture Strategize
Why Customers Choose the IPM Solution Ideation + Execution = Improved Business Performance Key Differentiator The Microsoft IPM provides an end to end innovation offering blending collaboration techniques with portfolio analytics, project execution and reporting capabilities Deliver Innovate Measure Project & Portfolio Mgmt Collaboration CollaborationServices Execution & Reporting Execution & Reporting Financial Management Team Collaboration Team Collaboration Resource Management Portfolio Selection Portfolio Selection Business Case Dev Challenges / Tournaments Challenges / Tournaments Community Voting Social Networking Social Networking Innovation Portal Innovation Portal Idea Submission Idea Submission Reporting Unstructured Structured Microsoft IPM Solution Runs the full gambit of Innovation - from ideation to project execution Niche Innovation VendorsEstablished PPM Vendors
Innovation Process Management
Chris Ashton's Eureka Moment
Deploying IPM: Process Requires a Change in Culture Executive Support is Crucial Executive Support is Crucial Motivation is a Critical factor Motivation is a Critical factor Incentivize Employees Incentivize Employees Run Challenges to Direct Innovation Run Challenges to Direct Innovation Make it Easy Make it Easy Don’t Over Engineer the Process Take Baby Steps Take Baby Steps Proof of Concept Phased Deployment
Learn More About the EPM Solutions Gain Additional Value from the Platform Read an overview of each solution (PPM, CPIC, Innovation, ALM etc.) Innovation Process Management Project & Portfolio Management Capital Planning & Investment Control (CPIC) Application Lifecycle Management (ALM) Take An EPM Tour See the Solutions in Action View Webcasts Tune in to the other Webcasts Reduce Costs: Seven Steps to Optimize Project Portfolio Selection Maximize Efficiency: Drive ROI by Enhancing Project Portfolio Execution Growth: Transform Your Business with Innovation Management Capital Planning Investment Control for Government Connecting the Worlds of Project Portfolio Management Application Lifecycle Management
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