Short description:

We cannot manage and control what we cannot measure and assess. Lack of approppriate assessmen tools and measures have been cited as a major reason for project failures, in terms of cost, schedule, and quality. This book launches the methodology for assessing innovation using relevant and sustainable metrics, rubrics, and standards.

Long description:

We cannot manage and control what we cannot measure and assess. Poor assessment results have been cited as a primary reason for project failures, in terms of cost, schedule, and quality. This book introduces metrics, rubrics, and standards pertinent to assessing innovation.

Assessing Innovation: Metrics, Rubrics, and Standards provides a new view for the embracing of innovation and establishing a quantitative basis for determining innovation levels. It bridges innovation with practice and presents a systems view as it incorporates the human element and discusses the different roles carried out. This book offers standards that will guide readers as they tackle sustaining innovation and leverages Badiru?s Umbrella Model in the process.

The inclusion of methodologies suitable for determining where and when innovation is happening, and to what extent it is currently being carried out, make this a unique book, along with being the only book that addresses innovation metrics, rubrics, and standards in an integrated fashion. Seen as a way to help advance the diverse pursuit of innovation, this book is an ideal read for those in engineering, business, industry, academia, government, and the military.

Table of Contents:

1. Fundamentals of Measurements and Rubrics. 2. Defining Matrix and Metrics for Innovation. 3. Concept of Standards, Rubrics, and Metrics for Innovation. 4. Statistical Engineering Approach to Innovation Metrics. 5. Engineering Economic Analysis of Innovation Projects. 6. Economic Metrics for Innovation. 7. Quantifying the Utility of Innovation. 8. Innovation on the Edge of Dollars: A Case Study