Some organizations, including small businesses, may want to start side projects to supplement their revenue, invest parts of their capital, or simply keep their employees occupied full time while waiting for a larger project to start. Coming up with a great project idea is not impossible, as not all great ideas have already been discovered, but it is not a simple task that a person alone or even a team can do over the weekend. Here are some tips for coming up with great ideas for projects:
Define what “great” means
Define what a “great” project would mean for your organization. A great project is one that is not too small, as the deliverables may not be valuable enough to worth the investment of resources, but not too ambitious either because such project would mean high investment, too many risks, complicated project management, and even not enough resources available. A great side project is one that is possible with the resources available in the organization right now. A great side project is one where employees feel that they are creating value and that they own the project. So, as a first step, great project ideas should come from the project team members themselves.
Take your time to find ideas
Give your team enough time to come up with great project ideas. In general, great ideas are not exactly “Eureka!” moments; it takes time to find them. But many people and many organizations are not willing to put up that much time, which makes great ideas, when they do surface, even more valuable. Read the rest of this entry »