Why and how to assess the pilot projects within your Innovation Programs?
In our KPI Whitepaper and video series we are talking a lot about how to measure success to guarantee what we do goes into the right direction. Especially in Innovation Programs, during the pilot phase, it is necessary to identify the actual business potential to then take further steps within the pilot projects. That is why we created the acccoi Business Assessment, where project teams are called to question, think about, challenge and collect information from various given topics.
In addition to topics such as value proposition and project roadmap, it also includes the market potential, competition, potential customers, financial attractiveness, risk/opportunity and a lot more. The pilot project teams working week after week, step by step on a variety of topics within this given framework. In this process and in addition to the technical part of the pilot project and its implementation, the teams are also led to look over the edge of the table, to do research, involve internal and external stakeholders, work on an implementation/roll-out plan and so set-up the project plan and the path for the future of the project after the Demo Day of the respective Innovation Program.
At the end of the pilot phase every project team has a good overview of all topics including all aspects which are important to take a decision on how to proceed with the pilot project. Even if the pilot does not go any further, needs adaption or goes in another direction, this can be argued on the basis of the facts within the Business Assessment.