How to Manage an Innovation Project | Documents and Forms | Business

How to Manage an Innovation Project

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There is often confusion between the jobs of a product manager and a project manager.  Yet at the root of it, any New Product Development (NPD) effort is a project.  Projects are defined by these characteristics:

·         A distinct starting and ending point,

·         Temporary in nature (yet may be long in duration),

·         Creates a unique product or service, and

·         Involves a cross-functional team.

In this paper, we’ll discuss three important skills for a project manager.

1.     Balance the triple constraint,

2.     Kill bad ideas, and

3.     Conduct post-launch reviews.

There is often confusion between the jobs of a product manager and a project manager. Yet at the root of it, any New Product Development (NPD) effort is a project. Projects are defined by these characteristics: · A distinct start
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