Project governance do’s and don’ts with Noel Sobelman

Written by Sopheon | July 11, 2022

Noel Sobelman is a partner at Accel Management Group. Accel Management is a business consulting and services firm that helps high-tech and life sciences companies boost speed to market, increase profitability, and drive costs down. As a partner, Noel works with corporate leaders in growth strategy, portfolio management, and innovation capability building. He has also authored several online articles about innovation as a system.

Noel joins me today to discuss how leaders can make project decisions based on evidence and portfolio objectives. He shares how an organization can establish a “Growth Board” and its purpose. He explains the right time to decline an opportunity. He describes why consumers like to say one thing regarding product surveys, then say something different when the product goes live. Noel also outlines his “reverse income statement approach” and reveals how leaders can find assumptions when an opportunity knocks.

"It's okay to say no to things that aren't looking as promising to reallocate resources to something more promising." - Noel Sobelman

This week on Innovation Talks:

How governance and decision-making create a system that works for your company
The importance of linking your decisions to your portfolio objectives
Establishing a "Growth Board" in your organization
The significant assumptions we need to validate a customer's needs and opportunities
When to decline an opportunity
The difference between an event-based and schedule-based approach to growth
What Noel means by evidence strength in allocating funds
Why consumer opinion during a survey is different when the product launches
The "reverse income statement" approach
Finding the assumptions at a given opportunity

Connect with Noel Sobelman:

This Podcast is brought to you by Sopheon

Thanks for tuning into this week’s episode of Innovation Talks. If you enjoyed this episode, please subscribe and leave a review wherever you get your podcasts.

Be sure to connect with us on Facebook, Twitter, and LinkedIn, and share your favorite episodes on social media to help us reach more listeners, like you.

For additional information around new product development or corporate innovation, sign up for Sopheon’s newsletter where we share news and industry best practices monthly! The fastest way to do this is to go to sopheon.com and click here.

View full post