Select innovative projects and then implement them effectively

The Stage-Gate methodology is widely used for implementing innovation projects. FlexiProject is an effective tool that supports this methodology.

With this program, you can divide each project into distinct phases and set milestones for each. FlexiProject automates the verification and updating of the project plan at the end of each stage.

Innovation projects require considerable financial resources. FlexiProject can help you monitor the budget of an innovation project efficiently.

You can create regular forecasts that include all new information, giving you an up-to-date financial outlook anytime. By linking task schedules to costs and distributing them over time, you can manage costs effectively over the project’s duration.

FlexiProject enables standard process flow development for innovation projects by creating project templates.

These templates can comprise a schedule flow, a list of potential risks, a probable budget structure, document templates, and best practices. With the help of FlexiProject, management can ensure that innovation projects are executed in accordance with company standards.

One way to manage innovative projects more efficiently is to group them into portfolios.

It’s also essential to regularly review the progress of individual projects using automatic project reviews. If you need more detailed data, you can create customized reports regarding the status of innovation projects using FlexiProject.

FlexiProject enables you to develop a project charter dedicated to realizing innovative projects.

The charter can include information on the project’s business case, key milestones, or potential risks. Once completed, the charter can be approved using a dedicated authorization path, which you can design yourself.

The FlexiProject system provides a platform for creating a knowledge base. You can add best practices for each project’s deliverables.

Also, you can record lessons learned from previously completed projects in the Project Closure Sheet. With FlexiProject, you can create a report of the lessons learned from closed innovation projects and use it to improve your future projects.

Innovation projects involve a lot of uncertainty. You will have to make decisions and adapt the project to new situations during the project.

FlexiProject allows you to have changes under control. The change request allows you to justify and approve the change in the system. You will always know who approved the change in the project, when, and why.