Project-Based Approach to Managing Innovation Processes in Organisations

Abstract

Technological advance has led to the rapid development of society and human life. Innovation strides ahead. In this context, the development of educational institutions is viewed as a sequence of managed discrete processes with clear characteristics: clear objectives, finite targets, limited resources and time.The relevance of this issue reflects the fact that innovation management in organisations is mostly tactically operated as project management. Innovation project management provides a specification of the chosen innovation strategies and their implementation in production and business operations. Project management, in a nutshell, is a targeted systemic process of delivering and performing managerial decisions adopted across the stages of a particular design cycle and focused on its successful implementation within the set time, budget and resource constraints.An important specific feature is that the key elements of the innovation management system are usually individual innovation projects.