Project management
An analysis by UMI indicates that more than 90% of innovation projects fail or do not generate any benefit for the company: poor methods, lack of rigor preventing decision-making analysis, lack of employee buy-in, or even miscalculated financial risks. All of this can be avoided with the expertise of a third-party project manager who focuses on risk and gap management as primary concerns. However, this requires perspective, which is difficult to achieve internally.
In this context, turning to our experts ensures that your project will be managed by someone who understands your challenges but can also immediately point out areas for improvement, behaviors to strengthen, and tasks to eliminate in your follow-up process, providing you with a reliable and effective dashboard quickly.
Scientific laboratories, sustainable businesses, or local authorities—by working with our managers, you retain control of your ideas while benefiting from immediate and sustainable expertise to ensure the success of your ecological project.
The high failure rate of innovative and eco-friendly projects (over 90%) can be explained by several major factors identified in various studies and analyses:
1. Misalignment with market needs
- Innovative projects often fail because they do not meet the actual expectations or needs of customers.
- Poor understanding of market requirements or a lack of validation beforehand (such as insufficient market research) leads to poorly adapted solutions.
Source: UMI
2. Funding issues
- Eco-friendly initiatives generally require significant and long-term investments.
- Companies struggle to secure sustainable funding, especially when results are neither immediate nor guaranteed.
3. Lack of stakeholder engagement
- A lack of support from leaders, employees, or partners can hinder project implementation.
- Eco-friendly innovations often involve process or cultural changes within the company, which can cause internal resistance.
4. Technical and technological constraints
- The technologies used for innovations may be immature, expensive, or complex to implement.
- In the field of ecological transition, technological solutions evolve rapidly, rendering some projects obsolete even before their deployment.
5. Regulatory and administrative constraints
- Eco-friendly projects are often subject to strict regulations or lengthy and complex approval processes.
- This can lead to delays or unforeseen additional costs.
6. Communication and perception
- Poor communication about the project can lead to low adoption rates by clients or stakeholders.
- Eco-friendly projects sometimes suffer from perceived "greenwashing," which undermines consumer trust.
7. Lack of planning and project management
- The absence of clear strategic planning or measurable objectives can lead to cost and time overruns.
- Inadequate management of risks specific to innovation is also a significant factor.
Conclusion
Eco-friendly and innovative projects often fail due to a combination of these factors. A rigorous process of market research, validation, and risk management, along with strong stakeholder engagement, is crucial to maximize their chances of success.
How do our support services work? First, we audit the existing situation within your organization as well as in your industry. We then determine the most appropriate method to rigorously manage your tasks and smoothly oversee your project.
We work to make you independent:
- Through theoretical and technical training
- Using IT tools compatible with your current infrastructure
- Providing clear explanations about the actions we take to help you gain clarity on your project
- Speaking essential truths when the project dangerously deviates from expected results
- Drafting decision-making analyses that can be understood by everyone working on the project
One ambition: To do everything possible to ensure your project succeeds! One objective: Win over even the most skeptical minds to make your project a shared cause!