Governance of Innovation in Portfolios, Programs and Projects

  Education   Governance   Innovation   Portfolio Management  

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Overview

The importance of governance in Portfolios, Programs, and Projects (3P) is reflected in part by the development of standards for governance (PMI, 2016) as well as by the increasing attention being paid to governance in management/academic literature, and in practice. At the same time, organizations increasingly aim to improve their innovation capabilities, enabling them to survive in today’s dynamic, competitive environment. However, there is little guidance in research literature on whether and how 3P governance can be designed to support and promote innovation. The escalating importance of project delivery in organizations, especially for innovation, further highlights the need for better understanding of the relationship between governance, innovation, and success in 3P.

Learning Objectives

The importance of governance in Portfolios, Programs, and Projects (3P) is reflected in part by the development of standards for governance (PMI, 2016) as well as by the increasing attention being paid to governance in management/academic literature, and in practice. At the same time, organizations increasingly aim to improve their innovation capabilities, enabling them to survive in today’s dynamic, competitive environment. However, there is little guidance in research literature on whether and how 3P governance can be designed to support and promote innovation. The escalating importance of project delivery in organizations, especially for innovation, further highlights the need for better understanding of the relationship between governance, innovation, and success in 3P.

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Resources

Governance of Innovation in Portfolios, Programs and Projects

presentation

by Michael Knapp, Dr Chris Stevens

Talent Triangle Alignment

This video qualifies for the following PDUs:

PMP/PgMP CAPM PMI-ACP PMI-SP PMI-RMP PfMP PMI-PBA DASM DASSM DAC DAVSC PMI-CP PMI-PMOCP PMI-CPMAI Ways of Working 1.00 1.00 0.00 0.00 0.00 1.00 0.00 0.00 0.00 0.00 0.00 0.00 1.00 1.00 Power Skills 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 Business Acumen 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 Total 1.00 1.00 0.00 0.00 0.00 1.00 0.00 0.00 0.00 0.00 0.00 0.00 1.00 1.00

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Acknowledgements: Laura Schofield, Jill Diffendal and Derrick May