Let’s think for a moment

Defining Project Goal(s) and Objectives

Project NameOverall GoalObjectivesProject Champion Project Leader and team membersStart date and completion dateResources available and ……What’s in Scope & Out of Scope

Project Definition

Be as specific and quantitative as possible

Double the size of the business in 3 years

Increase the number of plates served on weekday evenings (except Friday) by 25%

Decrease the time to complete the performance appraisal process by 50%, reduce the cost by 50% and increase the level of associate satisfaction from a 3 to a 5

Using work process and work flow lower the cost of recovering crude oil by at least 10%

Goal(s) and Objectives

Example – Deliver nematocide to banana trees with no negative environmental impact in areas draining into streams and rivers

Out of Scope: A new molecule

In Scope: Application method Formulation

What’s In and Out of Scope

Refer to Chapter 2 of Value Innovation Works

FoldedPak ExpandOS (pp 28-29) NexGen Performance Assessment

Process (pp 30-31) Purchasing Process Simplification (pp

32-33)

More Examples and Templates

Revisit Project Goals and Objectives after you have completed Step 4 of the Value Innovation Process

They may need to be revised based on the outputs from the 6 contextual interviews

Does this project support the company’s strategy? Yes/No. If Yes,

How?Does this project support the company’s innovation strategy? Yes/No. If Yes,

How?

Additional Questions to be addressed after Steps 4 and 5*

* For medium to large companies