By Russell D. Archibald PhD
Written via executives, best and handling Innovation offers the administrative reader an outline of best and dealing with an concept into an cutting edge answer with a measurable end result.
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Additional info for Leading and managing innovation : what every executive team must know about project, program and portfolio management
Product Line. Project Portfolio. Multi-Project Programs. Individual Projects (replacing or overlapping with existing individual project offices). Range of potential PMO responsibilities: ◾◾ Design, develop, implement, operate, and continually improve the enterprisewide project management system and its processes, systems, and tools: – The project portfolio management process. – For each category of projects in the organization the project life cycle management process (PLCMS), the software applications in support of the PLCMS, and the enterprise-wide project management system.
1, relating product or service market share with market growth) and Hamel and Prahalad’s (1989) theory that products are developed to conform to the requirements of one of three strategic intents: technological excellence, operational excellence, or customer intimacy. 1 The Boston Matrix. This method of project categorization is useful when allocating limited resources and prioritizing projects that are competing for those common resources, including funding, skilled people, and specialized facilities and equipment.
How to reduce pollutant emission. Determine best crop for subSahara Africa. Test new breast cancer treatment. Determine if life exists on Mars. Healthcare Projects Major surgical procedure. Other Categories? Disaster recovery, other… Source: Archibald, 2013, p. 9. organization can probably define more descriptive names for its situation. The distinction between these major and minor classes will be noted in the following definitions. Major Projects are those whose large size, great complexity, and/or higher risks require: ◾◾ Designation of an Executive Project Sponsor; ◾◾ Assignment of a full-time Project (or Program) Manager or Director; ◾◾ The full application of the complete project management process specified for the particular project category for major projects (all specified forms, approvals, plans, schedules, budgets, controls, reports, frequent project review meetings, with substantial levels of detail in each one).