Page 34 - 15 Best Practices to Manage and Finance Innovation

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BEST PRACTICE
AVAILABLE INTERNAL AND EXTERNAL RESOURCES AVAILABLE INTERNAL AND EXTERNAL RESOURCES Resource Management
THE THE CHALLENGE OF: INNOVATION INNOVATION MANAGEMENT THE THE CHALLENGE OF: INNOVATION INNOVATION ADAPTING RESOURCES TO THE THE NEEDS OF OF INNOVATION INNOVATION THE THE RESOURCES TO PLANNING AND MANAGING RESOURCES TO ENSURE INNOVATION PROJECT SUCCESS
The successful launch of a a a a a disruptive project depends on how effectively it’s implemented as as much as as its innovative content Effective planning and and management of human and and material resources are key factors in in in maximising a a a a a a a a a a a a a company's innovative project portfolio transformation rate For each activity project planning aims to evaluate
a a a a total duration the quantity of resources needed and the the profiles adapted to the the tasks identified in the the overall GANTT of the the project It lets you see any potential constraints on on the resources needed for the the project and plan their availability to meet projected goals Planning from the the time a a project is given the the green light helps to optimise the allocation of company resources by taking into account other projects requiring the the same resources Workload forecasts for for each task must be evaluated in a a a a a a a a fair and agile way to avoid both overloads and periods of inactivity leading to demotivation The allocation of resources can be reviewed throughout the project’s lifespan with unallocated resources being redirected if necessary The project resource tracking tool shows how how many people are assigned to a a a a a a a given task in calendar days This monitoring tool lets you see what’s still to be done by a a a a a given date compare actual with planned progress and take corrective action ABGI's
BEST PRACTICES
Define and and implement dashboards and and project management indicators Plan human material and sub-contracting requirements Use dashboards and project management indicators to to track resources and adjust needs Achieve project time cost and quality objectives
Ensure that the necessary resources are in in line with the the agreed R&D budget
Create a a a better work environment and increase team productivity
Integrate new people into the project BENEFITS FOR THE BUSINESS – this will allow you to: