Project Charter Develop processes to manage the innovation process from idea collection to

opportunity selection, creation and management of innovation portfolios, through

up to but not including market roll out.

$$ Apply their skills to for$-$profit as well as non$-$profit organizations.

$$ Apply quantitative methodology, including extensive financial analysis to every

stage of the process.

$$ Analyze the application of researched quantitative skills to make decisions and to

manage the innovation process at every stage in the context of a real$-$life project.

$$ Communicate professionally using graduate level written and oral skills essential

to success in the business environment.

$$ Formulate their skills in the teams they are assigned to in order to solve real life

projects.

$$ Construct the use innovation and leadership principles to lead the transformation

of their assigned client ventures, organizations, or communities.

$$ Produce the ability to integrate innovation management into the larger strategic

business plan of the organization supported by current market analysis.

Overview:

The project charter is the roadmap for the project completed in this course. It contains

information about the project timeline as well as milestones and the final deliverable. It

also assigns roles and responsibilities to each team member. While it is very important

to submit a complete and detailed project charter at the end of week one, it should be

noted that each team has the option to review and adjust their team charter as dictated

by the requirements of the project as it is in progress.

Instructions:

Each team will research the nature of a project charter. A good starting point is the

document found under resources. Based on their understanding of the nature and

content of a project charter, each team will prepare and submit by the end of week one

their charter that will guide them through this project. Students may either develop their

own charter or use any of the many templates that are freely available on the Internet