AIPMM CIL flashcards
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32 cards. Read the term and the definition here. The deck at the top of this page is optional.
- Strategic alignment
- The degree to which innovation investments, project selection, and resource allocation trace directly to the organization's stated strategic goals and priorities.
- Innovation portfolio balance
- Distribution of projects across risk levels and time horizons (core, adjacent, transformational) to avoid overconcentration in any one category.
- Technology roadmap
- A time-based plan linking market needs to product features to the enabling technologies required to deliver them over a multi-year horizon.
- Disruptive innovation
- An innovation that initially serves overlooked or low-end customers with simpler, cheaper offerings and eventually displaces established competitors in the mainstream market.
- Innovation governance council
- A cross-functional body that makes go/kill and funding decisions at stage gates and reallocates resources across the innovation portfolio.
- SCAMPER
- An ideation checklist that prompts Substitute, Combine, Adapt, Modify, Put to other use, Eliminate, and Reverse to generate variations on an existing product or process.
- Idea funnel
- A staged pipeline tracking ideas from submission through screening, shortlisting, and funding; conversion rates at each stage reveal bottlenecks.
- Divergent thinking
- A generation phase in which many ideas are produced without judgment or filtering, deliberately separated from the later evaluation and selection phase.
- Open innovation
- A model that draws on external sources such as customers, partners, universities, and startups, and allows internal ideas to flow outward for commercialization.
- Idea screening criteria
- Predefined must-have (pass/fail) and should-have (scored) criteria used to evaluate ideas consistently and reduce bias in selection decisions.
- Net present value
- The sum of discounted future cash flows minus the initial investment; a positive NPV indicates the project creates value at the given discount rate.
- Internal rate of return
- The discount rate at which a project's net present value equals zero; a project is acceptable when IRR exceeds the hurdle rate.
- Payback period
- The time required for cumulative cash inflows to equal the initial investment; it ignores cash flows after payback and the time value of money.
- Break-even volume
- The unit sales level at which total revenue equals total cost, calculated as fixed costs divided by price minus variable cost per unit.
- Sensitivity analysis
- A technique that varies one assumption at a time to determine how much a financial outcome such as NPV changes in response.
- SECI model
- A knowledge-creation framework describing conversion between tacit and explicit knowledge through socialization, externalization, combination, and internalization.
- Tacit knowledge
- Personal, experience-based knowledge that is difficult to codify or transfer, such as craft skill and judgment developed over time.
- Community of practice
- A group of practitioners who share a domain of expertise and interact regularly to exchange tacit knowledge and develop shared practices.
- After-action review
- A structured debrief asking what was supposed to happen, what actually happened, why the difference, and what will be changed next time.
- Work breakdown structure
- A hierarchical decomposition of project deliverables into work packages; the 100 percent rule requires child elements to sum to the parent scope.
- Critical path
- The longest sequence of dependent tasks through a project network; it determines the minimum project duration and its tasks have zero float.
- Float
- The amount of time a task can be delayed without delaying the project, computed as late start minus early start or late finish minus early finish.
- PERT estimate
- A weighted duration estimate calculated as (optimistic plus four times most likely plus pessimistic) divided by six.
- Risk register
- A log recording each identified risk with its probability, impact, risk score, owner, and planned mitigation or response action.
- Minimum viable product
- The smallest product version that lets a team test its riskiest assumption with real users while spending the least effort.
- Design thinking
- A human-centered method with five stages: empathize, define, ideate, prototype, and test, iterating based on user feedback.
- Stage-gate process
- A development framework dividing work into stages separated by gates where go/kill decisions are made against predefined criteria.
- MVP success criteria
- Quantitative thresholds defined before an MVP is built that determine whether the tested assumption is supported or rejected.
- Verification versus validation
- Verification confirms the product was built according to specification; validation confirms it meets user needs and intended use.
- Defect severity classification
- A ranking of defects as critical, major, or minor based on safety impact, impairment of core function, and availability of workarounds.
- Beta testing
- Testing by real users in production-like conditions before general release to uncover issues that internal alpha testing missed.
- Go-to-market plan
- A plan defining target segment, value proposition, pricing, distribution channel, promotion mix, and launch timing for a new product.