Unfortunately, there’s no magic pill you can take. Even if you have the best teams and good reporting mechanisms in place, it doesn’t change the fact that innovation takes time, and carries a risk.
However, there are things you can do to reduce the risk of having a constipated pipeline. For example, you can insert the right stage-gates / decision checkpoints at the appropriate time-frames, monitor and assess the health of your pipeline on a more regular basis, pay close attention to the early warning signs that things aren’t going according to plan, and act quickly to remedy issues.
Also, take the time to properly setup each project in the first place, ensuring that both the team and stakeholders buy into the aim, scope, plan and deliverable - 100%. Allowing a couple of extra days for the planning stage will save you a lot of time later on. For more information on how to scope an innovation-growth project, click here to see our blog.
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