The Stage-Gate process is a proven method for structuring and managing innovation portfolios. CoS can introduce this model to ensure that innovation projects are evaluated and prioritized systematically through different development phases. Each project passes through defined ”gateways” where decisions are made about continued development, re-prioritization, or closure. This reduces the risk of resources being wasted on unprofitable projects and ensures that only the most promising ideas receive continued support. CoS is responsible for establishing clear criteria for each phase, involving relevant decision-makers, and ensuring that the processes are transparent and inclusive. The Stage-Gate process can be combined with agile approaches to increase flexibility. By using Stage-Gate, CoS can optimize resource utilization, increase the speed of innovation, and improve the ability to achieve business and sustainability goals.
113 words
1–2 minutes
Category:
Innovation management
