Innovation-Based Economic Development ... - Innovate Holyoke

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Innovation-Based Economic Development Strategy for Holyoke and the Pioneer Valley Draw on existing tools and technologies for project management Ensure the resources are in place to collect data, progress to objective, and other information pertinent to the integration team Confront and intervene in lagging performance Identify barriers and create pathways for removal Discard projects or actions that have lost meaning or value due to changing conditions Prevent waste Respect confidentiality of customer location and expansion projects Encourage collaboration Celebrate success Replicate promising practices Find the time to share research and identify new opportunities Keep meeting commitments/be present Keep up-to-date; sustain commitments to provide data Ensure all projects tap into demand-driven/business customer perspectives 5.1.2 Steps to Activate Strategy and Project Integration Team A Project Integration Team may be drawn from the roster of Opportunity Leads in the Actionable Strategies, and key Holyoke Innovation District Task Force members who are familiar with the relationships between project Goals, Strategies, and Actionable Strategies. It is vital that the Team have participants who are familiar and involved with economic development projects and marketing at the municipal and regional levels. MOBD and state-level participation is also highly recommended. The Team may be as small as 12 to 16 people and should see itself as an enabler, facilitator, with overall management towards success across the Actionable Strategies. Opportunity Leads who are also on the Project Integration Team are ―player coaches‖ who have dual roles of specific action and implementation, along with overall guiding vision for the strategy. At a formative meeting, the Team should take on the ―nuts and bolts‖ of project management by refining and reaching consensus on a mission, guiding principles, process goals, accountabilities, milestone timeline(s), and meeting cycles. We provide some initial thoughts on these items below: Draft Mission The mission of the Project Integration Team is to provide the tools, tracking, support and communications to ensure all Actionable Strategies of the Innovation-Based Economic Development Strategy are implemented with quality, speed and success. The Team will also be a resource for the Pioneer Valley by connecting Actionable Strategies to the advancement of the competitive reputation of the region. Guiding Principles See 5.1.1, above. Process Goals 1. Up-to-date Milestone Calendars 2. Identification of Successes 3. Sharing of Progress Among Leads and Participants in and among 4. Identification of Resources (in-kind and financial) 5. Actionable Strategies 5-2 MASSACHUSETTS TECHNOLOGY COLLABORATIVE
Innovation-Based Economic Development Strategy for Holyoke and the Pioneer Valley 6. Strong Agendas 7. Ability to Intervene in Lagging Items and Replicate Outstanding Performance Accountabilities for Project Integration Team 1. Milestone Calendars 2. Productive Meetings 3. Maintain Context Relative to Strategic Goals and Overall Plan 4. Participation 5. Clear Communications Milestone Timeline and Meeting Cycles for Year One We recommend that the Project Integration Team meet on a regular basis with: Quarterly meetings in-person; Four additional virtual status update conference calls; and One more in-depth annual review to confirm/refine strategies and priorities for greatest impact A visual milestone resource is the best tool to understand context, staging and marketing; and a simple way to encourage business planning and staging at the Actionable Strategy level of work (see Figure 34 for an example). The recommended model includes one Team-level milestone timeline and eight Actionable Strategy timelines. Figure 34: Example Multi-Year Timeline Formative Meeting Agenda The formative meeting agenda for the Project Integration Team (PIT) should include: 1. Consensus on Mission, Guiding Principles and Process Goals MASSACHUSETTS TECHNOLOGY COLLABORATIVE 5-3 5-3 MASSACHUSETTS TECHNOLOGY COLLABORATIVE
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Innovation-Based Economic Development ... - Innovate Holyoke

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