value innovation tab 3
TRANSCRIPT
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Let’s think for a moment
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Defining Project Goal(s) and Objectives
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Project NameOverall GoalObjectivesProject Champion Project Leader and team membersStart date and completion dateResources available and ……What’s in Scope & Out of Scope
Project Definition
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Be as specific and quantitative as possible
Double the size of the business in 3 years
Increase the number of plates served on weekday evenings (except Friday) by 25%
Decrease the time to complete the performance appraisal process by 50%, reduce the cost by 50% and increase the level of associate satisfaction from a 3 to a 5
Using work process and work flow lower the cost of recovering crude oil by at least 10%
Goal(s) and Objectives
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Example – Deliver nematocide to banana trees with no negative environmental impact in areas draining into streams and rivers
Out of Scope: A new molecule
In Scope: Application method Formulation
What’s In and Out of Scope
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Refer to Chapter 2 of Value Innovation Works
FoldedPak ExpandOS (pp 28-29) NexGen Performance Assessment
Process (pp 30-31) Purchasing Process Simplification (pp
32-33)
More Examples and Templates
Revisit Project Goals and Objectives after you have completed Step 4 of the Value Innovation Process
They may need to be revised based on the outputs from the 6 contextual interviews
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Does this project support the company’s strategy? Yes/No. If Yes,
How?Does this project support the company’s innovation strategy? Yes/No. If Yes,
How?
Additional Questions to be addressed after Steps 4 and 5*
* For medium to large companies