Abstract:
Innovation Project Management has gained a lot of attention in the recent years given its complexity and the challenging questions innovation projects pose to traditional...Show MoreMetadata
Abstract:
Innovation Project Management has gained a lot of attention in the recent years given its complexity and the challenging questions innovation projects pose to traditional project management. Literature shows high rates of failure, for numerous reasons, when it comes to innovation projects, among which are the project management approach and the inability to tackle the complexity and uncertainty connected to the project. This paper will discuss the concept of innovation projects and the challenges they face then propose means to address those challenges by proposing an adaptive project management approach based on agile-thinking. This approach is then extended to include the concept of minimum viable product delivery, known from the fields of product development, engineering and start-ups. The combination of the two concepts, with reflection on the peculiarities of innovation projects, offer a novel approach to work in adaptive life-cycles, while focusing on creating an incremental, deployable product. To test its validity, this approach is then applied on a case study from an innovation project with the aim to create a cargo vessel in a competition setting.
Date of Conference: 21-23 September 2017
Date Added to IEEE Xplore: 07 November 2017
ISBN Information: