In one of my recent articles (https://www.linkedin.com/pulse/can-pmo-structure-support-innovation-process-costas-chryssou/, about how the PMO can support the innovation process, I mentioned that an innovation PMO can play a vital role as an integrator, supporting and being involved in the innovation management process by
The above points beg the question; what organisational structures should the innovation PMO consider having and what skills and experience should its staff possess in order to support all of the above requirements?
Of course there is not a single innovation PMO structure that will be right for all organisations; 'one size does not fit all'. PMO structures will very much depend on the size of the organisation, its culture, and its geographical, market and product or service spread.
There is always going to be a trade-off between centralised and decentralised structures as well as possible hybrid approaches such as the 'hub and spoke' innovation PMO that need to be considered for a balanced approach to be achieved.
Regardless of its structure, an innovation PMO should aim to shape some order around the creative innovation process and effectively support it.
"…the best innovations are developed in unofficial skunk works off the radar in dark sheds…"
Ideas sometimes fail to be translated to commercial opportunities due to the length of time it takes to be developed and lack of visibility leading to lack of resources and support behind them which may result in missed opportunities for the business. It is particularly these projects that an innovation PMO can support.
From our recent experience, a large financial institution, pro-actively supports and encourages small dedicated teams to pursue innovative ideas, off the radar, in 'dark sheds' which are then presented to senior management and the most attractive projects are then selected and further developed, leading to some successful ideas being implemented in the market place as new services or products helping the organisation to maintain their product leadership position in a very crowded market.
In order to be successful and value-adding, the innovation PMO staff need to possess specific skills and have product and service development experience. The skills of the innovation PMO staff should be particularly broad encompassing business, technology (if applicable) and project management.
Innovation PMO staff should have entrepreneurial and business acumen skills; they should be able to identify, assess and match potential market opportunities with internal development initiatives (or vice versa) linking open innovation opportunities to enable the organisation to acquire necessary IP and technologies to develop and launch new products or services and reducing time to market.
I welcome your views and comments.
Costas Chryssou
MBA, PhD
Founder and Managing Director
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