Innoframe: a project and portfolio management multilayer framework to support innovation-driven SMEs

Purpose – The purpose of this research was to discover what frameworks for project, portfolio, and innovation management there are and if necessary to propose a new framework useful for SMEs of the construction and building materials industry.

Design/methodology/approach – The methodology used in this research was the case study, in which the Canadian construction and building materials industry was selected. The research was based on literature review, interviews, group discussion and survey.

Findings – Although there are currently many frameworks available for the three management areas (project, portfolio and innovation), research has shown that a framework that helps companies to follow an approach that supports their business at these three levels is lacking.

Originality/value – Innoframe is a new framework for project, portfolio, and innovation management that incorporates a pipeline and two phases as well as a performance management matrix, that can be used for project and portfolio management, to support innovation-driven SMEs.

See paper

Aleksandrova-Boshnakova, M. (2018) ‘Project portfolio management framework’. University of National and World Economy.

Broersma, R., Van Gils, A. and De Grip, A. (2016) ‘Ambidextrous innovation in SMEs: The role of absorptive capacity and CEO’s engagement in the strategy process’, in 76th Annual Meeting of the Academy of Management, AOM 2016. Academy of Management, pp. 1055–1060. doi: 10.5465/AMBPP.2016.201.

CenterCompet (2020) EFQM Innovation Lens, Center for Competitiveness. Available at: http://www.cforc.org/what-we-do/innovation/efqm-innovation-lens (Accessed: 1 August 2020).

Dancer, M. (2017) Channelvation Innovation Framework. Available at: http://www.channelvation.com/channelvation-innovation-framework-2/ (Accessed: 22 December 2018).

Decision Driven (2008) Multi-decision innovation framework | Decision Driven® Solutions Blog. Available at: https://decisiondriven.wordpress.com/2008/06/25/multi-decision-innovation- framework/ (Accessed: 4 May 2020).

Dutta,             M.             (2019)              Portfolio               Management.                Available              at: https://www.academia.edu/23654572/Portfolio_Management (Accessed: 2 May 2020).

Frankenberger, K. et al. (2013) ‘The 4I-framework of business model innovation: A structured view on process phases and challenges’, International Journal of Product Development, 18(3–4), pp. 249– 273. doi: 10.1504/IJPD.2013.055012.

GasLabs (2017) FROST Innovation Framework for Practical Innovation. Available at: https://gaslabs.org/frost-innovation-framework-practical-innovation/ (Accessed: 4 May 2020).

Georgia Tech Strategic Consulting (2018) Enterprise project and portfolio management. Available at: http://consulting.gatech.edu/enterprise-project-and-portfolio-management (Accessed: 14 January 2019).

McAdam, R. et al. (2007) ‘Implementing innovation management in manufacturing SMEs: A longitudinal study’, Journal of Small Business and Enterprise Development. Emerald Group Publishing Limited, 14(3), pp. 385–403. doi: 10.1108/14626000710773501.

Mishly, M. A. (2019) Project and Portfolio Management: A Multilayer Framework to Support Innovation-Driven SMEs in the Industry of Construction and Building Materials – case of Canada. PhD Thesis. Doctoral Program in Industrial and Systems Engineering, University of Minho, Portugal.

Mishly, M. A. and Tereso, A. (2016) ‘Primary roadmap towards a project and portfolio management framework to support innovation-driven SMEs’, in Proceedings of the 28th International Business Information Management Association Conference – Vision 2020: Innovation Management, Development Sustainability, and Competitive Economic Growth.

Oltmann, J. (2008) ‘Project portfolio management: how to do the right projects at the right time’, in PMI® Global Congress 2008—North America. Denver, CO: Newtown Square, PA: Project Management Institute. Available at: https://www.pmi.org/learning/library/project-portfolio- management-limited-resources-6948 (Accessed: 4 May 2020).

Ozcan, P. and Eisenhardt, K. (2009) ‘Origin of alliance portfolios: Entrepreneurs, network strategies, and firm performance’, Academy of Management Journal. Academy of Management, 52(2), pp. 246– 279. doi: 10.5465/AMJ.2009.37308021.

PMI (2017) What is Project Management? Available at: https://www.pmi.org/about/learn–about- pmi/what-is-project-management (Accessed: 2 May 2020).

Portman,      H.       (2016)      Agile        Portfolio       Management      Framework.      Available      at: https://hennyportman.wordpress.com/2016/10/02/agile-portfolio-management-framework/ (Accessed: 12 January 2019).

PWC  (2018)  IT  Portfolio  Management  Framework,  PricewaterhouseCoopers  Hungary  Ltd. Available     at:

https://www.pwc.com/hu/hu/szolgaltatasok/technologiai_tanacsadas/kiadvanyok/portfolio_manage ment_framework.pdf (Accessed: 1 August 2020).

Shenhar, A. J. and Dvir, D. (2007) Reinventing Project Management: the diamond approach to successful growth and innovation. Harvard Business Press. Available at: www.hbsp.com. (Accessed: 4 May 2020).

Sparrow, J. (1999) ‘Using qualitative research to establish SME support needs’, Qualitative Market Research: An International Journal. MCB UP Ltd, 2(2), pp. 121–134. doi: 10.1108/13522759910270034.

TenStep Inc. (2007) PortfolioStep Portfolio Management Framework Overview, Kennesaw, GA.

Available at: https://www.portfoliostep.com/PortfolioStepOverview.pdf.

Vasudeva, G. (2010) ‘Capability Evolution and Governance in Alliance Portfolios: evidence from an emergent industry’, Academy of Management Proceedings. Academy of Management Briarcliff Manor, NY 10510, 2010(1), pp. 1–6. doi: 10.5465/ambpp.2010.54495020.

Williams, P. (2011) ‘Is Stage Gate the Right Tool for the Job: a fresh look at innovation portfolio management’. Available at: https://www.coursehero.com/file/43803127/Article-Reviewdocx/.

Project management, Portfolio management, Innovation, Framework