Innovation Management: Drive Growth: Transform Your Business with Innovation Management Presenter: Ben Chamberlain Title: Senior Product Manager – Microsoft Project Email: bchamber@microsoft.com MPUG Presentation Email Conversation between Bill & Ben Bill ……………. just checking in to see if there was anything new and exciting going on where we could have you come back and do something for us on 4/21/09”? Ok, however confused on the link to MS Project? Ben “How about Innovation Management”? “Everything”!!! Agenda Innovation Management Overview What is it? Is Innovation a priority for organizations? Does Innovation require a process? Demo Microsoft's IPM Solution Deployment Best Practices Q&A Can PPM Help Organizations in a Recession? Should I Fund PPM Initiatives in the Downturn? Tough Times Ahead • Global Economic Crisis • Markets Tumble • Credit Crunch / Fiasco • Consumer Confidence Shattered • Widespread layoffs Across all Industries • Will Stimulus Packages Work? How can PPM Techniques Help? • Improve Decision Making • Maximize Resource Utilization • Enhance Visibility & Control • Accelerate Execution & Delivery • Drive Growth & Business Performance Strike The Right Balance in Varying Economies Successful Companies will Lay the Foundation for Growth Drive Growth Good Times Enhance Efficiency Reduce Costs Strike The Right Balance in Varying Economies Successful Companies will Lay the Foundation for Growth Drive Growth Invest and lay the foundation for future growth Enhance Efficiency Good Times Recession Reduce Costs What is Innovation? Is The Laser Innovation? No, this is a great INVENTION Kastler-Brossel Laboratory at en:Paris VI: Pierre et Marie Curie. Copyright © 2004 David Monniaux Is This Innovation? © 3D Systems, Inc. © Bausch & Lomb Incorporated. © Cambridge Audio © Toshiba America Consumer Products © NBC Universal YES! Innovation is …… The conversion of knowledge and ideas into new or improved , , and to gain a competitive advantage. Product Process Service Innovation Yields Results Netflix: Redefinning an Industry Is Innovation a Priority Organizations? Innovation Management Resonates The Global Cross Industry Pipeline is Strong! Innovation is a key corporate priority “To what extent does your organization’s strategy depend on innovation for its long term success?” 17.60% Totally Largely 44.10% 29.80% Moderately Minimally 7.30% Not at All 0.80% Don’t Know 0.30% Over 60% of respondents indicated that the organization’s strategy depends “Totally” or “Largely” on innovation for long term success Source: Accenture Innovation Survey, 2007-8 A gap exists between commitment and execution of innovation “Percentage of companies indicating that they are stronger than competition with respect to…” Opportunity Organization’s commitment to innovation 53% Commitment Support of CEO to Innovation Frequency of Innovation Pace and speed of innovation Source: Accenture Innovation Survey, 2007-8 59% 41% Execution 36% Does Innovation Require a Process? Requires Organizational Commitment Supporting Technology The Right Process Cultural Change Executive Commitment Funding & Risk Taking Employee Incentives A Process is Required to Facilatate Innovation Success Innovation Process Management Creativity Process “A process is required to encourage, identify and deliver innovation” Innovate • Capture Idea • Develop Business Case • Rate & Review • Select & Fund Deliver • Build Project Team • Track Project & Portfolio Performance • Release to Market Measure • Analyze Market Trends • Assess Portfolio performance • Finalize lifecycle decisions Innovate: Identify & Select Ideas Strategize Capture Formulate Define & Prioritize Business Strategy Capture Idea Evaluate Define IMO Review IMO Review Portfolio Analysis Portfolio Analysis Approval Approval Run Enterprise Search Build High Level Business Case Peer Rating & Review Select Build Project Team Build Detailed Business Case To Deliver Tools: It's More than Just the EPM Solution Strategize Capture Formulate Evaluate Define Select Why Customers Choose the IPM Solution Ideation + Execution = Improved Business Performance Microsoft IPM Solution Runs the full gambit of Innovation - from ideation to project execution Innovate Idea Innovation Submission Portal Reporting Measure Deliver Unstructured Community Voting Social Challenges Networking / Tournaments Collaboration Services Niche Innovation Vendors Structured Resource Portfolio Selection Management Business Case Dev Financial Management Team Execution & Reporting Collaboration Project & Portfolio Mgmt Established PPM Vendors Innovation Process Management Chris Ashton's Eureka Moment Deploying IPM: Process Requires a Change in Culture Executive Support is Crucial Motivation is a Critical factor Incentivize Employees Run Challenges to Direct Innovation Make it Easy Don’t Over Engineer the Process Take Baby Steps Proof of Concept Phased Deployment Learn More About the EPM Solutions Gain Additional Value from the Platform View Webcasts Take An EPM Tour www.epmconnect.com Innovation Process Management 1 Reduce Costs: Seven Steps to Optimize Project Portfolio Selection Project & Portfolio Management 2 Maximize Efficiency: Drive ROI by Enhancing Project Portfolio Execution Capital Planning & Investment Control (CPIC) 3 Growth: Transform Your Business with Innovation Management 4 Capital Planning Application Lifecycle Management (ALM) Investment Control for Government 5 Connecting the Worlds of Project Portfolio Management Application Lifecycle Management Tune in to the other Webcasts See the Solutions in Action Read an overview of each solution (PPM, CPIC, Innovation, ALM etc.) Learn how Project is helping customers today to save money, enhance efficiency and drive growth, as well as obtain unique insights into how the next release will continue to support your business tomorrow. Microsoft Project Conference 2009: Exclusive partner and customer opportunities to learn about the next release 75+ in-depth breakout sessions for both technical and business audiences Hands-on labs and product demonstrations Thought provoking keynotes and engaging special events Connect with peers, industry practitioners, certified partners and the Microsoft Project team to share experiences Earn valued certifications – enjoy reduced fees with conference registration Earn PMI PDUs One of the largest and greenest facilities with full amenities, including complimentary internet www.msprojectconference.com Q&A © 2008 Microsoft Corporation. All rights reserved. Microsoft, Windows, Windows Vista and other product names are or may be registered trademarks and/or trademarks in the U.S. and/or other countries. The information herein is for informational purposes only and represents the current view of Microsoft Corporation as of the date of this presentation. Because Microsoft must respond to changing market conditions, it should not be interpreted to be a commitment on the part of Microsoft, and Microsoft cannot guarantee the accuracy of any information provided after the date of this presentation. MICROSOFT MAKES NO WARRANTIES, EXPRESS, IMPLIED OR STATUTORY, AS TO THE INFORMATION IN THIS PRESENTATION.