//innovation management tools > project management

Project management consists of planning, organizing, controlling and assigning means when executing a project. The most important feature of a project is that it has a beginning and an end in relationship to certain objectives. This appears to be logical but this aspect is often overlooked. Hence, exceeded budgets and not meeting the deadline are common consequences.

 

Projects come in different ways and size. Some simpler than others. Innovation projects are known for two elements, complexity and a high amount of uncertainty. In order to manage such projects, we need assistance in the form of tools to control and administer. To meet this need INPAQT has developed the Project Management Tool.

 

We use the results from the business case as a base. It has presented us with business objectives, critical parameters, costs, risks and uncertainties.

During the project we monitor how to effectively deal with the risks and reduce uncertainties on a step by step basis in order to achieve our objectives. This is done by starting a pre-project in which we build models giving insight on future developments and progress.

Therefore this tool presents you, among others, to possibility to draw up a:

·         Development plan.

·         Organization plan.

·         Communication plan.

·         Milestone plan.

 

Results derived from the business case can be easily inserted into these plans.

 

Specially designed tools and algorithms monitor critical parameters and adapt them if required. Further assistance is given through dynamic models in the areas of:

·         Product market combination.

·         Product and market concepts.

·         Proportion to competitors.