Portfolio Management for Innovation Projects

🎓 Course Title: Portfolio Management for Innovation Projects

🏆 Course Headline: Master the Art of Balancing Your Innovation Portfolio with Proven Methods!

Overview:

Welcome to "Project Portfolio Management for Innovation Projects," an insightful course designed to equip you with the skills and knowledge necessary to effectively manage a diverse range of innovation projects within your organization. Dr. Stefan Schaper, an expert in the field, will guide you through the process of creating and maintaining a balanced product portfolio that protects the core business while fostering growth through adjacent and transformative innovations.

Balancing Your Project Portfolio:

Understanding the balance between different types of innovation projects is crucial for ensuring long-term success and stability in your organization's investments. Dr. Schaper introduces a classification system that aligns the degree of innovativeness with the associated risk, allowing you to strategically allocate resources to both protect and expand your market presence.

Assessment of Current Product Portfolio:

Learn to apply the S-curve model to assess your current product portfolio effectively. This model illustrates the typical lifecycle of a product from its initial development through to maturity and eventual decline, helping you to identify where your investments should be focused. If your main products are mature and nearing the peak of their S-curve, it's imperative to invest in transformative innovations to sustain future growth.

Portfolio Cleaning:

Discover how to apply market forces to early-stage innovations and prioritize projects that promise the greatest potential. Dr. Schaper will show you how to conduct portfolio cleaning by objectively evaluating the viability of each project within your portfolio.

Trend Assessment:

Stay ahead of the curve by identifying and leveraging trends in market, technology, and society. Dr. Schaper outlines various methods for trend assessment, including the analysis of Trends of Technology Evolution, which can help you predict the next logical steps for your products and align your innovation projects accordingly.

Real Options for Evaluation of Business Value:

In a world where uncertainty is the only certainty, learn how to evaluate business value using the concept of real options. This modern approach to decision-making under uncertainty offers valuable insights into managing investments in innovation projects. Dr. Schaper will introduce you to methods that go beyond traditional presentations and discussions, providing you with tools to assess both quantitative and qualitative aspects of your projects, such as the Business Model Canvas.

By the end of this course, you'll have a comprehensive understanding of how to effectively manage a portfolio of innovation projects, ensuring that your organization remains competitive and adaptable in an ever-changing market landscape. Join us and transform your approach to project portfolio management today! 🚀🌟