Human–AI Synergy in Innovation: from Innovation Management Software To Open Innovation
International Institute for Learning
Intelligence. Integrity. Innovation.
By Luigi Morsa, Ph.D. and Rich Maltzman, PMP? (毛睿智)
Traditional & Innovation Project Management
As described by Dr. Harold Kerzner in his book “Innovation Project Management”, Innovation is often unstructured and focused on free thinking, creativity, brainstorming, and alternative analyses. Project management, on the other hand, is very structured, with a focus on well-defined scope, and often with a very low tolerance for any creativity or brainstorming that is believed to be out of project scope. For this reason, it is recommended that Innovation is managed by a new actor - an Innovation Project Manager. Innovation project management is therefore being recognized as a career path discipline that may be more complex and challenging than traditional project management practices. Traditional project management is often seen as standardized processes for planning, scheduling, controlling and (sometimes) risk management. Innovation management requires a different mindset than the linear thinking model that has been used consistently in traditional project management practices.
The first question to answer is why Innovation is so important for a company. Peter Drucker, who spent the last century contributing enormously to the philosophical and practical foundations of modern management theory, made a very profound observation: “Because the purpose of business is to create a customer, the business enterprise has two--and only two--basic functions: marketing and innovation. Marketing and innovation produce results; all the rest are costs”...
Can't get enough on this topic? Luigi Morsa, Ph.D. and Rich Maltzman, PMP? (毛睿智) will be giving a full presentation on International Project Management Day! Sign up now!
Powering Success: The Impact of Project Management in the Energy Industry
By Jorgelina Bross-Puglisi
By 2050 renewable energy could account for 90% of the world’s electricity and effective project management will be key to achieving this ambitious goal. The energy and utilities industry is facing one of the most significant transitions in its history. From the rapid growth of renewable energy sources to digital transformation and infrastructure modernization, managing complex and high-stakes projects has become more critical than ever.
In this complex and dynamic landscape, strong project management is paramount, essential for driving innovation, ensuring efficiency, and meeting sustainability goals. Project managers in this industry are dealing with larger budgets, longer timelines, and a diverse array of stakeholders, making staying on top of industry trends critical for success.
Utilities are increasingly facing complex projects related to grid modernization, customer engagement, and distributed energy resources. A Deloitte report highlights that 83% of energy companies expect a rise in large-scale, complex projects over the next decade...
Join Dr. Leon Herszon as he sits down with Rodolfo de Acutis, the leader of the Global PMO, Strategic Programs, and Sustainability at one of the largest fast-moving consumer goods organizations in the world. Rodolfo shares his personal journey, background, and challenges. He shares stories about his role leading a global Project Management Office and key success factors for a PMO that truly adds value. Looking ahead, he explores the impact of AI in today’s environment and it can shape the future of his field. This episode is crucial listening for leaders and project managers determined to navigate today’s complex challenges and drive their teams toward success!
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