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Here's how you can juggle and rank multiple projects and initiatives in business innovation.

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Managing multiple projects and initiatives is a critical skill in the dynamic field of business innovation. As you navigate through the complexities of new ideas and strategic moves, it's essential to have a method to prioritize and execute effectively. Balancing innovation with day-to-day operations is no small feat, but with the right approach, you can ensure that your innovative projects propel your business forward without overwhelming your resources or diluting your focus.

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Reenu Suri
Ahmad Hisham El Mahallawy ???? ???? ????????

CInP, CDTP, CInS, CCInO, AInA | Director of Training and Qualification in Saudi Innovation Institute | Presenter of…

1 Prioritize Tasks

In the realm of business innovation, not all projects carry equal weight. To manage effectively, you must prioritize tasks based on strategic importance and potential impact. Begin by evaluating each project's alignment with your company's long-term goals. Consider the resources required, the value to customers, and the potential for revenue growth. By ranking projects according to these criteria, you can allocate your attention and resources to the initiatives that promise the greatest return on investment.

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Reenu Suri
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The key is to ensure the project aligns with the strategic roadmap. Then it’s a matter of ranking all the projects that align with the strategy in terms of business value. A robust prioritization and governance model needs to be in place and will lead to allocation of resources to the initiatives that will provide the greatest ROI.

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2 Allocate Resources

Once priorities are set, the next step is to allocate resources strategically. Assess the human, financial, and material resources available and match them to your prioritized projects. Understand that resource allocation is not static; it requires constant adjustment as projects evolve and new information comes to light. Effective resource management ensures that your most important projects have the necessary support while avoiding overextension of your team's capabilities.

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Ahmad Hisham El Mahallawy ???? ???? ????????

CInP, CDTP, CInS, CCInO, AInA | Director of Training and Qualification in Saudi Innovation Institute | Presenter of ????? ????? Podcast | V.P. GInI NA Chapter | Tlogia College Regional Manager
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Assess available human, financial, and material resources and match them to your prioritized projects. Remember, resource allocation isn't static; it requires constant adjustment as projects evolve and new information emerges. Effective resource management ensures your most important projects have the necessary support while preventing team overextension. ??? ????? ?????????? ???? ?????? ??????? ??? ????? ??????? ???? ?????????. ???? ??????? ??????? ???????? ???????? ??????? ?????? ??? ??????? ??? ????????. ???? ?? ????? ??????? ??? ??????? ?? ????? ??????? ??????? ?? ???? ???????? ????? ??????? ?????. ???? ????? ??????? ??????? ???? ??????? ????? ??? ????? ?????? ?? ???? ??????? ?? ????? ?????.

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3 Monitor Progress

To keep your portfolio of projects on track, establish a robust monitoring system. Set clear milestones and check-in points for each initiative. Use project management tools to track progress, identify bottlenecks, and adjust timelines as needed. Regular monitoring enables you to make informed decisions about whether to continue, pivot, or pause projects based on their performance and strategic fit.

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Ahmad Hisham El Mahallawy ???? ???? ????????

CInP, CDTP, CInS, CCInO, AInA | Director of Training and Qualification in Saudi Innovation Institute | Presenter of ????? ????? Podcast | V.P. GInI NA Chapter | Tlogia College Regional Manager
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To keep your project portfolio on the right track, utilize a strong monitoring system. Define clear milestones and review points for each initiative. Leverage project management tools to track progress, identify bottlenecks, and adjust timelines. Regular monitoring empowers you to make informed decisions about continuing, pivoting, or pausing projects based on their performance and strategic alignment. ?????? ??? ????? ??????? ??? ?????? ??????? ?????? ???? ?????? ?????. ??? ????? ? ???? ?????? ????? ??? ??????. ?????? ????? ????? ???????? ????? ?????? ?????? ?????????? ?????? ??????? ??????? ??? ??????. ???? ?? ???????? ???????? ????? ?????? ??????? ??? ????????? ?? ????? ???? ?? ????? ???????? ????? ??? ?????? ????????? ????????????.

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4 Engage Teams

Engaging your teams is crucial for the success of multiple projects. Communicate the vision and importance of each initiative, ensuring that everyone understands their role in achieving the broader innovation goals. Encourage cross-functional collaboration and foster an environment where team members can share ideas and feedback. When teams are motivated and invested in the projects, they're more likely to contribute to their success.

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Reenu Suri
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Generating excitement for the project during the planning and initiation phases and keeping the momentum during execution will ensure team engagement. This can be accomplished by team building activities at regular intervals. For teams that are part of a Program, ensure regular touch points across project teams so everyone understands how they are contributing towards the Program Goals.

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5 Manage Risks

Innovation involves risk, but those risks can be managed. For each project, identify potential risks early on and develop mitigation strategies. Consider factors such as market changes, competitive actions, and internal constraints. By proactively managing risks, you can minimize their impact and keep your projects moving forward even when challenges arise.

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Ahmad Hisham El Mahallawy ???? ???? ????????

CInP, CDTP, CInS, CCInO, AInA | Director of Training and Qualification in Saudi Innovation Institute | Presenter of ????? ????? Podcast | V.P. GInI NA Chapter | Tlogia College Regional Manager
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Innovation involves risk, but those risks can be managed. For each project, identify potential risks early on and develop mitigation strategies. Consider factors such as market changes, competitive actions, and internal constraints. By proactively managing risks, you can minimize their impact and keep your projects moving forward even when challenges arise. ???????? ????? ??? ?????, ???? ???? ????? ??? ???????. ??????? ??? ?????, ??? ??????? ???????? ?? ??? ???? ???? ??????????? ??????? ????. ?? ?? ??????? ????? ??? ???????? ?? ????? ?????????? ????????? ??????? ????????. ?? ???? ????? ??????? ???? ???????, ????? ????? ??????? ??????? ??? ???? ??????? ??? ?? ???? ???? ??????.

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6 Adjust Flexibly

The landscape of business innovation is ever-changing, and flexibility is key. Be prepared to adjust your project rankings and resource allocations as new opportunities and threats emerge. Stay attuned to industry trends and customer feedback to ensure that your innovation efforts remain relevant and impactful. Embracing flexibility allows you to pivot when necessary and seize new opportunities as they arise.

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Reenu Suri
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Most Organizations struggle with this concept since they get locked down by a Capital Planning Cycle that’s typically annual. These need to be quarterly with ability to flex per the upcoming needs or to keep up with the rapid rate at which technology is evolving. Agility is key in order to stay ahead of competitors.

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7 Here’s what else to consider

This is a space to share examples, stories, or insights that don’t fit into any of the previous sections. What else would you like to add?

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Marcela Miranda

Investidora. Membro de Conselho. Inova??o. Startups. Co-Fundadora da Seastorm Venture Builder. M?e de dois.
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A gest?o de portfólio de projetos oferece uma abordagem estruturada e abrangente para acompanhar, priorizar e gerenciar diversos projetos simultaneamente. Utilizando ferramentas de PPM, você pode centralizar todas as informa??es relevantes sobre os projetos, monitorar o progresso em tempo real, alocar recursos de maneira eficaz e ajustar prioridades conforme necessário. Isso permite uma vis?o holística de todos os projetos, facilitando a tomada de decis?es informadas e estratégicas.

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Here's how you can juggle and rank multiple projects and initiatives in business innovation.

1

2

3

4

5

6

7

1 Prioritize Tasks

2 Allocate Resources

3 Monitor Progress

4 Engage Teams

5 Manage Risks

6 Adjust Flexibly

7 Here’s what else to consider

Business Innovation

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Here's how you can juggle and rank multiple projects and initiatives in business innovation.

1

2

3

4

5

6

7

1 Prioritize Tasks

2 Allocate Resources

3 Monitor Progress

4 Engage Teams

5 Manage Risks

6 Adjust Flexibly

7 Here’s what else to consider

Business Innovation

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