The IAND platform makes it easy to enter, monitor and track financial return on investment across innovation projects on a portfolio level.
Overview
Every project that has enabled Innovation tracking is tracked on a portfolio level in a dedicated report 'Innovation Investments'. Innovation Investments can be found in Insights.
Innovation Investments - the report
This report includes all projects marked as Innovation. Spend, budget, performance, ROI forecast and outcomes all derive from each relevant project. The summarised statistics help you get instant visibility into current forecast across your innovation projects.
You can also access each project directly from the table.
How to make full use of Innovation Investments
Here are a selection of ways that the report can be used to drive visibility, impact and enhanced control of your portfolio on a spend level:
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Turn the report into a discussion point. With visibility on your portfolio as a whole, is your forecast as expected? Are outcomes heading in the right direction? How does your supplier's performance impact your ROI outcomes?
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Analyse supplier performance. Is there a correlation between spend and performance? Who are your star performers, and which project spend are they assigned?
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Innovate on how to increase ROI. What can you do to influence ROI? Which projects are falling behind and need special attention? What can you learn from high performing projects?
Innovation Investments become especially powerful when projects are regularly updated. So we recommend that your team is comfortable and confident with updating project ROI on a regular basis.
If you have any further questions, contact IAND on support@iand.com.
