Network with the region's leading experts in R&D, NPD and Innovation.
Home to over 30 Fortune 500 companies, the Chicago metro area serves as the hub for some of the world’s most innovative organizations. Professionals from several of these top companies gathered together on July 26 for the 4th Annual Chicago Innovation Forum. PPM thought leaders and practitioners discussed business challenges, swapped best practice tips, and had the opportunity to network.
Part of Planisware’s PPM Best Practices Tour, the event took place at the Gleacher Center at The University of Chicago Booth School of Business from 4pm to 7pm. Presentations focused on PPM best practices, such as selecting the right innovation strategy, strategic portfolio management, resource management, and maximizing portfolio value. Registrants for this Annual Chicago Innovation Forum included professionals from AbbVie, ACCO Brands, Asurion, Beam Suntory, Glanbia, PepsiCo, Polyair and Warehouse Direct.
Dr. Prasad S. Kodukula, PMP, PgMP, Founder and CEO of Kodukula & Associates, Inc.
Dr. Prasad S. Kodukula, PMP, PgMP, is founder and CEO of Kodukula & Associates, Inc., a project management coaching, training, and consulting company. He is a speaker, author, coach, and entrepreneur with 25+ yrs of experience. He has spoken in more than 45 countries on project management related topics. His clients include 40 Fortune 100 companies. He is Lecturer at University of Chicago and Adjunct Faculty at the Illinois Institute of Technology.
Dr. Kodukula has been recognized twice by the Project Management Institute with 2016 PMI Eric Jenett Project Management Award of Excellence and 2010 PMI Distinguished Contribution Award. He is a co-author or contributing author of eight books and more than 40 articles and owns three patents. His latest book is Organizational Project Portfolio Management: A Practitioner’s Guide.
Lori Lovens, Founder of Innovation Savvy
Lori is a dynamic innovator who has delivered hundreds of millions of dollars of product innovation growth for Gatorade and Unilever brands. At Innovation Savvy, she is leading the emerging field of The Human Dynamics of Innovation, delivering insights and ideas that improve the performance and productivity of innovators and teams across all stages of the innovation process.
Her deep understanding of innovation was developed over the past 25 years via immersion in hundreds of projects as team member, project leader, marketing director, innovation coach, consultant and VP Culture of Innovation.
Some organizations impacted by her work include Allstate, Advantage Optics, Nestle, Exelon, ComEd, Siemens, InVision Communications and Transamerica, as well as startups and nonprofits.
Lori earned her MBA from The University of Michigan, is a Kolbe Certified Consultant and is active in the Conscious Capitalism and Art of Hosting communities in Chicago. She is passionate about helping transform how business innovates.
Innovation Savvy partners with startups and innovation leaders to empower innovators and teams to deliver better ideas to market faster.
Keith Duncan, NPDP, SPC, Director of the Innovation and PPM Practice, Planisware
Keith Duncan has more than 20 years of consulting experience in product lifecycle management, knowledge management, and related enterprise products and services. Keith has helped dozens of Fortune 500 companies across a wide variety of industries -- including food and beverage, consumer packaged goods, high-tech, medical device, chemical, automotive and industrial manufacturing -- to implement Stage-Gate, roadmapping, portfolio management and idea generation solutions.
He is certified by the Product Development Management Association (PDMA) as a New Product Development Professional (NPDP), certified by Scaled Agile as a SAFe Program Consultant (SPC), and is a Lean Six Sigma Black Belt.
Keith lives in Denver, Colorado where he and his family spend much of their free time camping, fishing, hiking, and enjoying the beauty of the Rocky Mountains.
On the Agenda
Registration and networking
Welcome & introductions
David Gustafson, Vice President of Business Development, Planisware
Making your Organization's Dreams Come True: Managing your Portfolio Strategically
Keith Duncan, Planisware
Is your project portfolio aligned with your corporate strategy? Planisware provides the tools to help you analyze different investment scenarios with an eye on value, balance, and strategic alignment, so you can choose the right mix of projects that fit within your budget.
Discuss how to carry out strategic planning processes in Planisware. Topics will include strategy and budget definition, roadmapping, business case development, investment scenario testing, portfolio simulations, portfolio optimization, and more.
Leadership, Agility, & The Human Dynamics of Innovation
Lori Lovens, Innovation Savvy
When people thrive, innovation thrives…so how can leaders inspire and empower teams to collaborate, innovate, and deliver impact?
In this session, we’ll explore a new perspective on team agility that provides data-driven insights to design high-performing teams. This approach allows us to predict and significantly improve the performance and productivity of innovators and teams, and lead them effectively, throughout each stage of the innovation process.
We’ll also discuss the market shift toward consumers increasingly buying based on values and how leaders can leverage this emerging trend and engage teams to develop the capability for Innovating on Purpose.
Networking, hors d'oeuvre & drinks
Maximizing Portfolio Value through Stochastic Optimization
Dr. Prasad S. Kodukula, PMP, PgMP
“Rank and yank” is a common method to select projects for a portfolio. For portfolios of revenue generating projects, net present value (NPV) is typically used as the key criterion for ranking. Top candidates from a ranked list are selected in accordance with the investment available. Whereas this is a simple and easy approach, it cannot account for multiple constraints including, for example, people resources, project dependencies, etc. Furthermore, it commonly involves deterministic (“single point”) NPV values that do not account for uncertainties associated with them. This presentation demonstrates a superior, novel technique called stochastic optimization involving a probabilistic approach that overcomes afore-mentioned limitations while offering many other advantages at the same time.
Q&A, networking and wrap-up
Thursday, July 26, 2018
4:00 - 7:00 PM
The University of Chicago
Booth School of Business
450 N Cityfront Plaza Drive
Room 600, 6th floor
Chicago, IL 60611
For directions, click here
City Front Parking Plaza
240 East Illinois Street, Chicago 60611
Red Line to State/Grand
Brown and Purple Lines to State and Lake
Blue Line to Clark/Lake
Questions? Contact Sarah Kmetz at email@example.com.