Skip to Main Content
Innovation Project Management
book

Innovation Project Management

by Harold Kerzner
September 2019
Intermediate to advanced content levelIntermediate to advanced
576 pages
19h 57m
English
Wiley
Content preview from Innovation Project Management

7 Value-Based Innovation Project Management Metrics

  • Learning Objectives for Project Managers and Innovation Personnel
  • To understand what is meant by business value
  • To understand the importance of measuring and reporting business value
  • To understand that there are many metrics available for reporting innovation value
  • To understand how to create a value metric based on value attributes

INTRODUCTION

In earlier chapters, we discussed how new versions of project management, such as PM 2.0 and PM 3.0, focused on the creation of more business-oriented metrics for project management and how information warehouses and knowledge management systems now include more supporting data for project management decision making. All of these activities are providing innovation project managers with additional information for creating the business value outcomes expected from innovation. Business value will most likely be the driver for all new forms of project management. Value-in-use may be the driver for all new forms of innovation. We now have the capability of creating and monitoring business value metrics throughout the life of an innovation project.

Any metric can be regarded as a value metric based on how and when it is used. The number of deliverables produced may not be considered as a value metric in the fuzzy front end of a project, but perhaps so during commercialization. Effective governance can be a value metric if it favorably affects the culture of the organization. Some ...

Become an O’Reilly member and get unlimited access to this title plus top books and audiobooks from O’Reilly and nearly 200 top publishers, thousands of courses curated by job role, 150+ live events each month,
and much more.
Start your free trial

You might also like

Innovation Project Management, 2nd Edition

Innovation Project Management, 2nd Edition

Harold Kerzner

Publisher Resources

ISBN: 9781119587293Purchase book