Innovation Program Management: Adapting the P2M Standard for IT-dependent Companies

Gaining an advantage in a highly competitive environment, achieving meaningful results that meet the complex needs of customers - all this requires the introduction of new products, processes, methods. Innovation is the foundation of development in any industry, and the issue is particularly relevant for technology (IT and IT-dependent) companies. Such companies need to plan their innovative activity for several years ahead, include innovative development in their strategy, and allocate no less resources for it than for maintaining operations. To stay relevant, companies undergo significant transformations every 3-5 years. To implement significant changes, special management methodologies and tools are needed, and in their absence, the changes are chaotic and do not lead to the desired state of the company and the achievement of its goals. Strategic changes are implemented by programs. There are several methodologies of program management, but specific to innovation is A Guidebook of Project and Program Management for Enterprise Innovation (P2M) from PMAJ. This paper will analyze the main provisions and principles of the P2M standard for their compliance with the criteria of effectiveness and efficiency of innovative programs for IT-dependent programs, and formulate recommendations for adapting the standard for such companies. In order to test the applicability of the recommendations, a program will be created for an industry representative company.