Innovation Funnel (You can delete)

An alternative view of your innovation portfolio that offers you additional insights on resource allocation and the need for interventions on certain projects- based on their position on the Innovation funnel map

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What is this for?

This tool allows you to generate additional views to gain further insights on resource allocation and project progress. By mapping the innovation project ‘circles’ along the innovation funnel, you will be able to ascertain where your innovation pipeline needs work, if your resource allocation is effective and if your innovation projects are on track to deliver the value estimated by the project teams.

In short, it offers answers to critical questions on your innovation portfolio.

Step-by-step guide
Step 1

Clarify your strategic objectives based on your company’s business strategy.

Step 2

Use the Innovation project template to ‘convert’ your innovation projects into mappable elements by capturing critical information on the project.

Step 3

Map your innovation projects on the Innovation Portfolio map – against your strategic objectives and innovation ambitions.

Step 4

Answer critical strategic questions around the balance in your innovation portfolio across strategic objectives, innovation ambitions and ‘orphan’ projects.

Step 5

Finally, map your innovation projects into your innovation funnel and get additional insights to make data based decisions on resource allocation & track project progress.

Tip

Finally, map your innovation projects into your innovation funnel and get additional insights to make data based decisions on resource allocation & track project progress.
Finally, map your innovation projects into your innovation funnel and get additional insights to make data based decisions on resource allocation & track project progress.

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