Project Management in the Fuzzy Front End
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The Management of Innovation can be divided roughly into 4 stages: | The Management of Innovation can be divided roughly into 4 stages: | ||
| − | + | # Search - Finding opportunities for innovations | |
| − | + | # Select - Selecting the ideas to pursuit | |
| − | + | # Implement - Development of the product and bringing it to the market | |
| − | + | # Capture - Capturing value from the innovation | |
== Project Management of incremental Innovations == | == Project Management of incremental Innovations == | ||
Revision as of 14:22, 11 September 2016
In many organizations the pressure on the Product Development Process (PDP) has increased through the demand of greater product varieties and shorter lifecycles. Organizations aim for a structured way of speeding up the Product Development Process while not loosing effective scoping in the identification of market needs. Often they have succeeded using the Stage Gate Process - or a customized version of it. [1] But even though the execution of an idea has increased in efficiency the search and selection of the ideas in the "Fuzzy Front End" of the PDP resembles great complications to the project management. This comes with no surprise since the "Fuzzy Front End" is typically characterized through a high degree of uncertainty and equivocality. [2] However transferring knowledge from the Risk Management tools for decision making under uncertainty can be applied to ease the Project Management in the Fuzzy Front End.
Contents |
Project Management
The "Fuzzy Front End"
The Management of Innovation can be divided roughly into 4 stages:
- Search - Finding opportunities for innovations
- Select - Selecting the ideas to pursuit
- Implement - Development of the product and bringing it to the market
- Capture - Capturing value from the innovation
Project Management of incremental Innovations
The Fuzzy Front End of incremental Innovations
The Stage Gate Process
In development of incremental innovations organizations aim for a very structured way.
Project Management of radical Innovations
The Fuzzy Front End of radical Innovations
Decision Making under Uncertainty
Forecasting Innovations
Risk Assessment
Decision Making
References
- ↑ Tidd, J. & Bessant, J. (2013). Managing Innovation - Integrating Technological, Market and Organizational Change, John Wiley & Sons Ltd, 5th Edition, p.405-412, UK, ISBN 978118360637
- ↑ Florén, H. & Frishammar, J. (2012). From Preliminary Ideas to Corroborated Product Definitions: Managing the front-end of new product development, California Management Review, 54 (4), p.20-43
- ↑ Wikipedia. Fuzzy Front End. Retrieved 11.09.2016
