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Innovation & Portfolio Management

Taking ideas from the drawing board onto the balance sheet

Innovation Portfolio Management

A single entity responsible for end-to-end business transformation

Combine the best of innovation and project management to ensure that business transformation is delivered and aligned to the corporate strategy.

An Innovation and Portfolio Management Office (IPMO) presents an opportunity for the right ideas to move forward, lessons to be learned and ROI to be measured on a long-term basis.

Take control of benefit realization

Understand the value throughout the business transformation process and ensure that your benefits are correct and being realized.

Align vision, process, and standards

The IPMO provides you with complete governance of the entire process, aligning business change with the overall strategy from the board level downwards.

One reporting entity

Gain access to all business transformation data in a central location and conduct more standardized and insightful reporting.

Why implement an Innovation & Portfolio Management Office?

Current structures

  • Innovation is often limited to small communities, ungoverned and unmanaged
  • Organizational strategy is not widely understood or communicated
  • External influences and trends ate not evaluated and understood
  • Lack of ownership and sponsorship at an executive level
  • Benefits are not realized. Business cases are not revisited, and lessons are not learned

Innovation & Portfolio Management Office

  • Creates widespread involvement in the innovation process
  • Responsible for communicating and embracing the organizational strategy
  • Ability to prioritize the entire portfolio, with visibility of new ideas coming down stream, along with live projects
  • Encourages ownership at a higher level, helping to drive business transformation
  • Centrally manages, monitors, and understands benefits during and after the project is executed

How edison365 supports an Innovation & Portfolio Management Office

Our easy-to-use software creates a seamless and holistic process for taking ideas from the drawing board, validating them, and then turning them into successful projects.

The Microsoft-based platform enables your organization to create transparent processes tailored to your way of working. Align the tools to your strategy and key performance indicators to ensure the ideas with the highest ROI move forward and are executed.

Discover more

Discover how to unite your innovation and project management teams

Discover how to unite your innovation and project management teams

Learn how to successfully drive business transformation from strategy through to innovation and project delivery.

Four design principles for a successful IPMO

Explore the design principles of an IPMO in detail, including the four areas to focus on for achieving successful end-to-end business transformation.
Four design principles for a successful IPMO

Find out with our free Innovation Preparedness Assessment

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