Abstract
The paper presents the innovation project tool (IPT) which aims at outlining common characteristics of innovation projects in terms of project management and using these specifics for creating a tool for categorisation of innovation projects. The IPT might be useful for researchers and practitioners alike in their management in order to prevent them from making mistakes, to decrease unpredictability and ambiguity of such projects and to improve innovation projects' performance and success. The IPT can be also used as a checklist for categorisation of innovation projects; as a pre-defined watch list during project work; a risk management tool for better analysing and assessing project risks and integration management supporting tool for better scoping all possible ingredients in innovation projects. The IPT provided 51 specifics of innovation projects with ranking of their specificity and impact on innovation projects. The research is based on two iteration interviews with 60 highly experienced project managers from different industries.
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