Innovation Scorecard: Theoretical Background and Principles

conference paper

English

The concept of Innovation Scorecard was introduced and further developed within an original primary research project conducted in the Czech Republic during the period 2013-2015. This conceptual performance measurement and management control framework was specifically designed for innovation work activities. In its current form, the scorecard system has a user-friendly interface and supports go/no-go decision making within innovation projects. It provides guidelines how to focus attention on what is important to be done and how to measure in-and outputs. Resource optimisation forms an essential part of an innovation scorecard. It appears that the informed use of evaluation metrics as guideposts for increased managerial attention. The identification of problems may assist management in their efforts to prevent ‘drop-and- go-errors’ during innovation activities. This paper is the result of a number of core Innovation Scorecard implementation practices. The initiative is supported by the Czech Agency in the Czech Republic and consists of a three-year roll-out project that commenced in 2019 and will finish at the end of 2021. The purpose of this paper is to present the theoretical background and principles of the Innovation Scorecard as well as the adoption of fit for intended purpose modifications to make it suitable for alignment for use within the IT industry. Agile management practices have become a de facto standard within the IT industry in recent years. The biggest advantage of the agile approach is its flexibility and ability to react fast to changes. This approach is dynamic and provides quick access to solutions, especially in software development environments. At first glance it appears that the immeasurable can actually be measured. A combination of a dynamic change process such as innovation scorecard and a significant project management control system such as agile can achieve things that are greater than their combined parts. Innovation Scorecard implementation will make a significant contribution to improve the efficiency, economies of scale capabilities (at operational level) and the ultimate competitiveness of organizations across the IT industry. The current innovation scorecard team has presently developed two sub-projects. The first project is known as Red Hat Enterprise Linux (RHEL) Atomic Host®. It serves as a pilot implementation project. The initial results from the project roll-out are outlined and described in this paper. The capturing of essential knowledge, in particular lessons learned, will ensure that future projects can be implemented with improved levels of time, cost and quality parameters.

Innovation Project, Management Control, Software Development, Agile

ŽIŽLAVSKÝ, O.; FISHER, E.

12. 11. 2019

978-4-902378-69-6

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2019

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