INNOVATION AND CHANGE MANAGEMENT IN PROJECTS.pdf

Project Management

1. INNOVATION AND CHANGE
MANAGEMENT IN PROJECTS
Presented 5th Group
Rab-Nawaz Ahmed
Usama Magsi
Farhan Bhatti
Najeeb Soomro
(21ESE19)
(21ESE44)
(21ESE39)
(21ESE18)
Subject : Project Management
Teacher : Dr. Muhammad Moosa

2. CONTENT
vIntroduction of Innovation
vImportance
vTypes of Innovation
vSteps to Promote Innovation in Projects
vChallenges to Innovation
vIntroduction of Change Management
vImportance
vSteps in Change Management
vStrategies to Overcome Challenges
vTools for Change Management

3. INTRODUCTION OF INNOVATION
Ø Innovation is the process of creating new ideas, products, or methods that improve existing solutions or
meet new needs.
Importance
ØCompetitive Advantage :Helps organizations stand out in the market by offering unique solutions.
ØImproved Efficiency : Streamlines processes, reducing time and costs.
ØMeeting Customer Needs :Addresses changing preferences and demands, leading to higher customer
satisfaction.
ØAdaptability : Enables organizations to respond quickly to market changes or challenges.

4. Types of Innovation
ØProduct Innovation : Creating new or improved products (e.g., electric vehicles , solar
panels with higher efficiency).
Example : High-Efficiency Solar Panels
Background: Traditional solar panels had limitations in efficiency and space requirements.
Innovation: Development of bifacial solar panels that capture sunlight from both sides,
increasing energy output.
Impact: Enhanced energy production allows for more energy generation in limited spaces,
making solar power more viable.

5. Types of Innovation
ØProcess Innovation : Enhancing the way products are made or delivered (e.g., smart grid
technology , automation in manufacturing).
Example :Smart Grid Technology
Background: Traditional power grids faced challenges in managing energy distribution
effectively.
Innovation: Implementation of smart grid systems using IoT (Internet of Things) for real-
time monitoring and management.
Impact: Improved reliability, reduced outages, and enhanced integration of renewable
energy sources.

6. Types of Innovation
ØBusiness Model Innovation : Changing the way a business operates (e.g., subscription
services).
ØSocial Innovation : Developing solutions to social challenges (e.g., affordable housing
projects).
Steps to Promote Innovation in Projects
ØEncourage Creative Thinking : Create an environment where team members feel safe to share ideas.
ØConduct Brainstorming Sessions : Regularly gather the team to generate and discuss new concepts.
ØEmbrace Diversity : Involve people from different backgrounds and expertise to bring new
perspectives.
ØPrototype and Test Ideas : Develop small-scale models of new ideas to evaluate their feasibility before
full implementation.

7. Challenges to Innovation
ØResistance to Change : Stakeholders may be hesitant to adopt new technologies or
processes due to uncertainty.
ØHigh Initial Costs : Innovative technologies often require significant upfront
investment.
ØRegulatory Hurdles : Navigating complex regulations can slow down the
implementation of new ideas.

8. INTRODUCTION OF CHANGE MANAGEMENT
ØChange management is a systematic approach to dealing with transformation or changes in an
organization’s goals, processes, or technologies.
Ø it ensures that changes are implemented smoothly and successfully.
Importance
ØAlignment with Policy : Ensures projects comply with national and international policies,
such as the Paris Agreement on climate change.
ØStakeholder Engagement : Facilitates collaboration among diverse stakeholders, including
government bodies, private companies, and local communities.
ØRisk Mitigation : Identifies potential risks associated with new technologies or practices,
such as transitioning from fossil fuels to renewable energy sources.
ØEnhanced Project Success : Increases the likelihood of project completion on time and
within budget, contributing to a more sustainable energy future.

9. .
Steps in Change Management

ØIdentify the Change : Recognize the necessity for change, such as implementing smart grid
technology to improve energy efficiency.
ØAssess the Impact : Evaluate the effects of changes on stakeholders, operational processes, and
regulatory compliance.
ØPlan the Change : Develop a detailed project plan that outlines timelines, responsibilities, and
resource requirements.
ØCommunicate : Inform all stakeholders about the changes, ensuring transparency and clarity in
communication.
ØImplement the Change : Execute the change according to the established plan while providing
necessary support.
ØMonitor and Review : Continuously track the implementation process and gather feedback for
necessary adjustments.

10. Strategies to Overcome Challenges
ØEngagement and Education : Conduct workshops and informational sessions for
stakeholders to explain the benefits of changes.
ØTransparent Communication : Use clear and consistent messaging about project goals and
progress (e.g., news, letters).
ØFinancial Incentives : Explore government grants or subsidies for projects to alleviate
financial concerns.
Tools for Change Management
ØChange Management Frameworks : Utilize established frameworks like ADKAR (Awareness,
Desire, Knowledge, Ability, Reinforcement)and Kotter’s 8-Step Change Model.
ØStakeholder Analysis : Identify and assess the impact of changes on different stakeholders
(e.g., local communities, government).
ØFeedback Mechanisms : Implement surveys or public forums to gather input before and after
changes are made.

13. THANK YOU
Email: [email protected] Phone: [phone]