Here at Idea Drop, we’re experts at helping you build idea management and collaborative innovation funnels. However, we’ve worked with enough clients to know that acting on your best ideas is just as important as finding them. And we’ve also learned a thing or two at how the best companies run their innovation projects.
If you truly want your innovative ideas to make an impact, you’re going to need to finish innovation projects on time and under budget. Unfortunately, that’s far easier said than done, with only 29% of digital projects ever being completed. The projects in that 29% are the ones that have been carefully guided by a robust project management system.
Your innovation platform simply isn’t complete if it doesn’t meet with a quality project completion mechanism. That’s exactly why we integrated the Pipeline toolkit into the Idea Drop platform – to help you keep track of how projects are progressing. Let’s look at the steps you need to take to get one in place.
Finding the expertise
Make no mistake, it’s the quality of your team that will finally decide the outcome of your projects. If you don’t have access to specialist project managers in your team already, you’re going to need them. A talented PM is your catalyst for success, ensuring resources are correctly allocated and deadlines are met.
If you don’t feel a specialist project manager would fit into your team, you might want to consider hiring a consultancy to help you facilitate your workflows. For larger businesses with a lot of innovation projects, a centralised Project Management Office (PMO) will help you standardise practices across for more efficient deliveries.
Connecting the workflow
It’s convenient to think of your idea generation system and project management platform as two separate entities. In reality, though, they should be functioning as one cohesive unit, with projects moving seamlessly from ideation to evaluation and finally implementation. In order to do this, you’ll need a system to facilitate communication between the various stakeholders at each side of your funnel – your idea makers and your innovation project creators.
The collaborative tools on Idea Drop like Pipeline help you accomplish this, enabling you to visualise, progress and action ideas faster. Whatever process you decide on, make sure it doesn’t get messy. Communication can make or break a project at this stage.
Design your process
Agile, Prince2, PERT, Six Sigma – sometimes it feels like there are as many project management methodologies out there as there are projects. Picking the right one for you can be a difficult and time-consuming process. However, if you’ve chosen the right people to fill out your PM team, they’ll be adept at working through your needs and fitting the right framework to the project. Here at Idea Drop, we help clients define the different stages of their innovation project management process and make sure those landmarks are visualised in their Pipeline view. That means that everyone has visibility on it.
No project with real gravity can be run from a few spreadsheets. If you’re serious about project management – and you should be – you’ll need an enterprise-level software solution to help your managers keep track of their resources. Your managers will be your guide here, helping you to pick out a platform that works well with their chosen framework. Pipeline has been designed to allow you to connect and replicate your existing project management tools, allowing you to keep track of project progress on Idea Drop as well.
Even with a quality team and the right framework in place, things can still go wrong with your projects. That’s why it’s essential to regularly review your PM platform to look for weaknesses or opportunities to improve. Set KPIs for your team and use your Pipeline and the Idea Drop Dashboard to track delivery results. There is always a way to make your next roll out more efficient.
If you’d like to learn more about how project management and idea generation are two sides of the same coin, drop us a message in the chat box below. We can help you build an innovation funnel that drives organisational improvements for decades to come.