The question of how a company can organize and plan within the engineering-construction industry to maximize innovation and benefits is always a worthy focus. From our work with global companies, the following best practices seem to emerge:
Companies continually define measures of work effectiveness, which lend themselves to critical analysis and the push for more effective tools and work methods. Whether these measures are industry-based, such as those supported by Independent Project Analysis (IPA) or Construction Industry Institute (CII), or in-house metrics, is not critical. But, there needs to be a way to measure the value of change and innovation.
Innovative ideas are rapidly rewarded with some funding, but then must support rigorous financial and organizational analysis as more expenditures are requested. Our best practice companies involve senior management in this process where both financial and management buy-in is achieved.
A project’s success is measured not only on the ability to deliver a fit-for-purpose facility, and within the financial expectations, but also whether it is continually upgrading the methods and tools employed. Best practice companies do not tolerate a project or a functional manager having a flat “not on my project” philosophy.
Innovation is performed in small steps, typically six months in calendar duration, during which time a set of predefined objectives need to be met. A key accomplishment is the establishment of the value producing chunks, with predefined success criteria. Companies take large projects and divide them into phases. It produces urgency and deliverables continually.
With this short leash, innovators are provided the full organizations support to succeed. Accomplishments are celebrated, missed expectations are quickly rectified or the project is rapidly reevaluated and stopped. Innovative companies clearly establish expectations and success criteria, freeing the champions to concentrate on achieving those objectives.
As in so many parts of business, the need to communicate to the greater organization is paramount. At Reliable Solutions Corp we focus on four different constituents:
- Senior management
- The project team
- Those who are going to receive the implementation
- General company population
We communicate at all phases of the process, allowing the company to be aware as the innovations mature.
So why do some companies perform innovation so well, and others are hit-or-miss? Check your playbook and whether you have a “game plan” that is part of the company infrastructure. The production will go up dramatically!
Contact us today to learn more about how we can enable higher levels of innovation in your company through software solutions!