Project Innovation Management

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Lecturer:

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Supervisor:

Institute of Management Studies

Synopsis:

Successful innovation requires much more than the management of individual aspects of the innovation process within the institution; it also requires a systemic project approach that deals with the interactions between various stakeholders, their goals, objectives, markets, and organizations. Traditional innovation management usually focuses on goals and procedures for innovation planning, usually on implementation and control within the institution. Procedures are often repeated. This creates a framework that can limit project team members to working only within the set of rules and measures of the institution. However, most innovation projects require an individual approach so that project team members are highly flexible, innovative, and creative. Each innovation project is individual and requires an individual approach. A clear strategy in the area of innovation, a supportive corporate culture, a focus on the socio-ecological goals of innovation, constant study of trends and risks, an appropriate budget, Change- and Risk management, and adequate motivation for innovation are often the basic prerequisites for an innovation project. The main goal of this course is to acquaint students with the key specifics of innovation projects, Innovation management, the implementation and commercialization of innovations, and related intellectual property protection. After completing the course, the student should answer the following framework topics: how to identify and manage the framework of an innovation project, create a project breakdown structure, create a project innovation plan, create a project budget, define and allocate resources for innovation, manage project development, identify and manage innovation risks, and understand the sourcing process for the project. How to adequately protect intellectual property and how to implement and commercialise innovations. The course includes approaches, experience, and examples of the best innovative companies.

Requirements:

Continuous assessment of the student's work during the semester includes: Preparing a simple but feasible innovation project on the chosen topic (using procedures within the focus of the study programme, lectures, and seminars on the subject). The required length of seminar work is at least 15 pages. The deadline for submitting the final version is at the end of the lessons (W13). Submissions take place via email. Presentation of the work (approximately 2x10 min): main content and benefits of the seminar work. During the semester, in weeks 6 and 12.

Final assessment: Exercise activities: Max. 10 points

Case study presentation: Max. 10 points

Seminar work: max. 20 points

Exam: Max. 60 points (oral exam)

Syllabus of lectures:

1. Principles of project management, inventions and innovations

2. Project mapping and Innovation management

3. Primary innovation sources and Innovation project management

4. Potential innovation formats and project management strategies

5. Connecting project innovations to stakeholder requirements and innovation strategy

6. New product, service, and technology development: project methodology

7. Innovation in production and project methodology

8. Project methodology, commercial procedures, and organisational innovation

9. Project methodology and service innovation

10. Innovation project implementation models

11. Innovative project management to address environmental risks and promote sustainable innovation

12. Innovation project management, artificial intelligence, quantum technologies, and Industry 4.0

13. A synopsis of the key elements of Innovation project management

Syllabus of tutorials:

1. Launching and organising innovative initiatives

2. Identifying the stakeholders in the project innovation

3. How should the project innovation manager's duties and functions be defined?

4. How should a work breakdown structure be constructed and the project scope defined?

5. Recognising and assessing changes in the scope of innovation projects

6. Determining the resources and costs for innovation projects

7. Establishing a project budget for innovation projects

8. How do you define project milestones and establish a milestone schedule?

9. How do you recognise and control innovation risks in projects?

10. Identifying potential sources of conflict in an environment of innovation projects

11. How to create solutions for minimising critical project risks

12. How should a project innovation plan be written?

13. Seminar work presentations at the end of the semester

Study Objective:

mentioned in the annotation

Study materials:

Kerzner, H. [2022]: Innovation Project Management: Methods, Case Studies, and Tools for Managing Innovation Projects. Wiley, 2nd. edition, ISBN-10: 111993124X.

Peng, K. [2019]: Project Management for Continuous Innovation: Management by Project Mapping. Pike Publications; Illustrated edition, ISBN: 1733555706.

Davies, A., Lenfle, S., Loch, Ch. H., Midler, Ch. [2023]: Handbook on Innovation and Project Management. Edward Elgar Publishing, ISBN: 1789901790.

Doležal, J. - Krátký, J. [2016]: Projektový management v praxi. Grada: Praha, ISBN: 9788024756936.

Jemala, M. [2014]: Technology identification: How to bring technology innovation to life? Scholars' Press: Saarbrücken, ISBN: 978-3-639-71044-1.

Jemala, M. [2010]: Manažment technologických systémov. Identifikácia a prípadové štúdie. Ekonóm: Bratislava, ISBN: 978-80-225-3120-7.

Note:

Project Innovation Management

Further information:

No time-table has been prepared for this course

The course is a part of the following study plans:

• N-PRI-CP prezenční navazující studium od 20/21 Financial Management (compulsory elective course)
• N-PRI-CP prezenční navazující studium od 20/21 Process Management (compulsory elective course)
• N-PRI-CP prezenční navazující studium od 20/21 Project Management (compulsory elective course)
• N-PRI-CP prezenční navazující studium od 20/21 Regional Studies (compulsory elective course)
• N-PRI-CP prezenční navazující studium od 21/22 Financial Management (compulsory elective course)
• N-PRI-CP prezenční navazující studium od 21/22 Regional Studies (compulsory elective course)
• N-PRI-CP prezenční navazující studium od 21/22 Process Management (compulsory elective course)
• N-PRI-CP prezenční navazující studium od 21/22 Project Management (compulsory elective course)
• Process Management, prezenční - 22/23 (compulsory elective course)
• Financial management, AR 22/23, prezenční forma (compulsory elective course)
• Regional Studies, prezenční forma, AR 22/23 (compulsory elective course)
• Project management, prezenční forma, AR 2022/2023 (compulsory elective course)