Project Management for Innovation and High Risk

Are you in a rapid development environment? Do your projects involve high risk and high stress where you are making decisions on the run and still have to meet deadlines and budgets? If so you have probably joined the growing number of organisations who are placing a very high value on innovation and are betting their future on their ability to manage that innovation so that creative solutions actually do see the light of day.

Numerix has developed a methodology for combining decision-making with project planning and control designed particularly for such project environments. In particular, the method acknowledges that deciding, planning and implementing are not discrete management activities as they are in traditional or classical project management. Rather, for highly innovative projects, they are intricately intertwined. In our conception, a formal decision-process is used to identify the best way forward and a risk reduction strategy (often requiring the planning and implementing of work) helps to identify brick-wall obstacles early so that alternatives can be pursued where necessary.

The philosophy behind the method is to maximise the probability of producing the best solution, while at the same time balancing concerns about time and cost.

This is an exciting integration of management technology designed to respond to the key challenges of maintaining your innovative edge, yet able to deal with the pressures of deadlines, budgets, uncertainties and the client expectations you have raised. To learn more, click here