Innovation Portfolio Management – Flowchart (You can delete)

A handy tool to help you lay the groundwork for Innovation portfolio mapping for the first time and get strategic and tactical insights on your portfolio to ensure you get the bang-for-your-innovation-buck, always

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What is this for?

Don’t let the apparent simplicity of this tool fool you- this tool goes beyond just gathering information on your innovation projects. In answering the questions presented in this tool, you are likely to discover major inconsistencies in definitions and estimate methodologies used across different parts of your organization. That’s why we consider this tool more of an alignment generating tool- rather than one that just involves information capture. Once you’ve created this alignment, you can be confident in the insights you gain from the mapping of the innovation projects.

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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