Why project management is important for innovation projects

Co-Innovation managers may need to refresh the principles of good project management which can be adopted to successfully achieve project outcomes.

Co-innovation projects are funded by both the employing organisation and MLA. Good project management is critical to achieving the stated outcomes, receiving project funds, and utilising internal resources and funds well.

Co-innovation projects are typically characterised by an uncertainty of outcomes, yet there needs to be regular reports to funders, so they need both structure and flexibility.