Master
2022/2023
Innovation Project Management
Type:
Compulsory course (Science, Technology and Innovation Management and Policy)
Area of studies:
Management
Delivered by:
Department of Educational Programmes
When:
1 year, 4 module
Mode of studies:
offline
Open to:
students of one campus
Master’s programme:
Governance of Science, Technology and Innovation
Language:
English
ECTS credits:
3
Contact hours:
32
Course Syllabus
Abstract
Project management competencies are the core skills of a manager. Besides learning of general project management theory studying of narrow, but deep aspects of project management provides a student with unique knowledge, which permit to create specific career trajectory. Thus, getting knowledge in the sphere of innovation project management enhances well-rounded competences of students. Innovation project management (IPM) can be separated out as an independent discipline. Though IPM is based on conventional project management methodology, theory of innovation management is strongly connected with this discipline. The way of innovation projects' planning, implementation and closure essentially depends on type of innovation. IPM is substantially difficult next to conventional project management due to the following aspects: high degree of uncertainty, risk propensity. Consequently possession of extra knowledge and skills to provide effective coordination of innovation project planning and implementation might be a prevalence for student. Effective management of innovation projects allows firms to develop unique competitive advantages both in technological and organizational areas. The IPM presents basic features and standards of innovation project management (compared to conventional projects) and introduces main concepts and approaches in IPM area, including stage-gate and project portfolio. The educational module “Practices of human resources development in the largest innovative companies” of the course was prepared in the framework of a research grant funded by the Ministry of Science and Higher Education of the Russian Federation (grant ID: 075-15-2020-978).
Learning Objectives
- Understanding the role of IPM in innovation management system as a whole
- Clarify the possibilities of the project standards adoption to innovation project management
- Training in using IPM techniques in corporate and startup environment
- Understanding how the projects are combined into innovation portfolio
Expected Learning Outcomes
- Application of agile methodology to innovation project planning
- Comparing of concepts of project portfolio and innovation portfolio
- Comparing of two concepts
- Creation of project plan according to project management knowledge areas
- Presentation of the project as interconnected network of participants and network description
- Systematization of innovation project management issues and current trends
- Understanding capabilities of different standards application to innovation project management
- Ability to solve professional tasks using the knowledge (on advanced level) of economical, organizational and managerial theory, innovative approaches, generalization and critical analyses of management practices
- Ability to take grounded managerial decisions, assess its operational and organizational effectiveness and social importance, support its realization in conditions of complicated (incl. cross-cultural) and dynamic environment
- Ability to lead project and process activities in a company using modern managerial techniques, leader and communicative skills, identify and evaluate new market opportunities, work out strategies for creation and development of innovative perspectives and suitable and adequate business models
- Ability to generalize and evaluate research works in management and allied sciences, carry out scientific and research projects
- Ability to lead a project at all the stages of its life cycle
- Ability to organize and lead a team, work out a team strategy for goal achievement
- Ability to analyze and take into account the variety of cultures during intercultural communication
- Ability to work in multinational teams, develop climate of trust and openness in work relations.
Course Contents
- Introduction to Innovation project management
- Management of innovation vs. Innovation project management
- Project management standards in innovation project management
- Project activity organization and knowledge management
- Agile methodology and innovation project management
- Portfolio project management and stage-gate method
- Networks and ecosystems role in innovation project management
Assessment Elements
- Project and its PresentationCreation of project plan documents and the presentation of the project information
- Case solutionCase solution and presentation: reading and case analysis, presentaion of case problems revealed and their solution. Presentation should be uploaded ontime in LMS. After deadline the presentation can not be accepted.
- ActivityActivity on lectures and seminars - comments, answering questions, participation in discussions, inclass discussion of the case studies, working on the class assignments etc.
- Exam (quiz+ open questions)Exam includes 2 parts: quiz (multiple choise questions) and open questions.
Interim Assessment
- 2022/2023 4th module0.3 * Exam (quiz+ open questions) + 0.2 * Case solution + 0.1 * Activity + 0.4 * Project and its Presentation
Bibliography
Recommended Core Bibliography
- Ahn, M. J., Zwikael, O., & Bednarek, R. (2015). Technological Invention to Product Innovation: A Project Management Approach. Retrieved from http://search.ebscohost.com/login.aspx?direct=true&site=eds-live&db=edsbas&AN=edsbas.3C06BA0A
- Archibald, R. D., & Archibald, S. C. (2016). Leading and Managing Innovation : What Every Executive Team Must Know About Project, Program, and Portfolio Management, Second Edition (Vol. Second edition). Boca Raton: Auerbach Publications. Retrieved from http://search.ebscohost.com/login.aspx?direct=true&site=eds-live&db=edsebk&AN=1093889
- Christian Horn, & Alexander Brem. (2013). Strategic directions on innovation management – a conceptual framework. Management Research Review, (10), 939. https://doi.org/10.1108/MRR-06-2012-0142?utm_campaign=RePEc&WT.mc_id=RePEc
- Fernez-Walch, S. (2017). The Multiple Facets of Innovation Project Management. London: Wiley-ISTE. Retrieved from http://search.ebscohost.com/login.aspx?direct=true&site=eds-live&db=edsebk&AN=1642573
- Kerzner, H. (2019). Innovation Project Management : Methods, Case Studies, and Tools for Managing Innovation Projects. Hoboken, New Jersey: Wiley. Retrieved from http://search.ebscohost.com/login.aspx?direct=true&site=eds-live&db=edsebk&AN=2183351
- Oh, D.-S., Phillips, F., Park, S., & Lee, E. (2016). Innovation ecosystems: A critical examination. Technovation, (C), 1. Retrieved from http://search.ebscohost.com/login.aspx?direct=true&site=eds-live&db=edsrep&AN=edsrep.a.eee.techno.v54y2016icp1.6
- Project Management Institute. (2019). A Guide to the Project Management Body of Knowledge (PMBOK(R) Guide-Sixth Edition / Agile Practice Guide Bundle (HINDI). [N.p.]: Project Management Institute. Retrieved from http://search.ebscohost.com/login.aspx?direct=true&site=eds-live&db=edsebk&AN=2240462
Recommended Additional Bibliography
- Decision making in innovation portfolio management. (2016). Retrieved from http://search.ebscohost.com/login.aspx?direct=true&site=eds-live&db=edsbas&AN=edsbas.8023B47D
- Harris, P. E. (2019). Planning and Control Using Microsoft Project 2013, 2016 or 2019 & PMBOK Guide Sixth Edition. Australia: Eastwood Harris Pty Ltd. Retrieved from http://search.ebscohost.com/login.aspx?direct=true&site=eds-live&db=edsebk&AN=2105096
- Karolin Gebhardt, Andreas Riel, & Tom Maes. (2019). A New Approach to Analysing and Visualizing the Management of Corporate Innovation Projects. Post-Print. Retrieved from http://search.ebscohost.com/login.aspx?direct=true&site=eds-live&db=edsrep&AN=edsrep.p.hal.journl.hal.02147806
- Ralf Dillerup, Daniela Kappler, & Fiona Oster. (2018). Improving the Management of Innovation Risks - R&D Risk Assessment for Large Technology Projects. Journal of Management and Strategy, (1), 31. Retrieved from http://search.ebscohost.com/login.aspx?direct=true&site=eds-live&db=edsrep&AN=edsrep.a.jfr.jms111.v9y2018i1p31.52