Idea Submission

Idea submission is the process of collecting and reviewing new project ideas from various sources, including employees, customers, business partners, and stakeholders. The process captures important details relating to the concept and evaluates its potential value against the organisation’s strategic objectives. The most promising ideas are then selected and prioritised for development into fully-fledged projects.

Effective idea submission helps organisations find new opportunities, innovate existing products or services, and more closely align their activities to strategic goals.

pmo365 has the capability to connect over 900 apps into a single, integrated project portfolio management solution. When you use pmo365 for Idea Submissions, all project portfolio data is available to assist in estimating cost and resource requirements, understanding potential risks, and helping to identify value. Furthermore, pmo365’s collaborative tools let stakeholders from different departments ‘cross-pollinate’ ideas and work together to develop new value opportunities.

Competitive Advantage: Developing new ideas can give businesses a competitive advantage by offering innovative products, services, or processes that differentiate them from their competitors. This may attract new customers and help the organisation to retain existing ones.

Growth Opportunities: Business idea tracking can create growth opportunities for the organisation by identifying new markets or new projects, enhancing product features, or expanding the business into entirely new categories.

Adaptation: Tracking business ideas helps organisations adapt to changing market conditions as well as the needs of their stakeholders, and stay abreast of technological change. This enables them to stay relevant and competitive and make the most of new opportunities when they arise.

Cost Savings: Developing new ideas can also create cost savings for the organisation – by improving efficiency in project delivery, reducing waste, or changing the type of product or service it provides.

Employee Engagement: Encouraging new ideas and being seen to take every idea seriously boosts employee engagement and morale. It also provides a sense of ownership and a personal investment in the enterprise’s successes.

pmo365‘s Idea Submission lets you feel confident that every concept has been given the appropriate attention. The app is configured to fit your exact requirements and is quickly connected to other apps that share important information. Nobody knows where the next game-changing initiative will come from. Idea Submission ensures that all your ideas are well articulated and monitored, and instantly available when the time is right.