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Enterprise Innovation Calculator

We believe that innovation spending shouldn't be a guessing game. After working with a large number of companies, we’ve found that the vast majority have no idea how much they are spending on innovation, nor the best way to calculate it. This is why we have decided to build this calculator. Using our experience supporting enterprise innovation, we have shaped it around typical workflows and resource allocations within enterprises today.

We hope you enjoy it!

Breakdown of Work Hours Required for Each Step of the Innovation Process
Phase 1. Project Preparation and Planning
Total Number of Hours for This Phase
0
Total Number of Hours for This Phase
0
Number of Weekly Hours for Each Step
Number of Weeks
Business Roles Technical Roles
Manager: Risk Manager, Project Manager Director VP CXO: e.g CEO, CIO, CISO Analyst Developers: Full Stack, Dev. Ops. Architect: Enterprise Architect, Data Architect
Identifying a Challenge/Need/Opportunity
Obtaining Initial Executive Support
Forming a Steering Committee
Interviewing IT, Operations Managers, Corporate Executives and Senior Management
Identifying Internal and External Stakeholders
Performing a High Level Needs and Internal Requirements Analysis and Evaluating Existing System Performance
Interviewing Functional Departments Managers and Key Users
Developing a Detailed Project Plan, Defining Project Objectives and Identifying Potential Project Constraints
Preparing a Business Case and Presenting to Executive Staff
Phase 2. Request For Information (RFI) and Initial Demonstrations
Total Number of Hours for This Phase
0
Total Number of Hours for This Phase
0
Number of Weekly Hours for Each Step
Number of Weeks
Business Roles Technical Roles
Manager: Risk Manager, Project Manager Director VP CXO: e.g CEO, CIO, CISO Analyst Developers: Full Stack, Dev. Ops. Architect: Enterprise Architect, Data Architect
Forming a Project Team and Informing the Organization of the Project
Sharing the Project Plan with the Team and Establishing Project Controls
Analyzing and Defining Project Requirements
Researching and Organizing Information on Potential Software Vendors to Identify Long List of Potential Vendors
Conducting Vendor Interviews with Long List of Software Vendors
Preparing and Sending a Request for Information (RFI) to Software Vendors on Long list
Comparing Responses to RFI and Reducing Initial Long List of Software Vendors
Conducting Remote Software Demonstrations for Long List of Software Vendors
Reducing Software Vendors to Short List of Candidates
Phase 3. Request for Proposal (RFP)
Total Number of Hours for This Phase
0
Total Number of Hours for This Phase
0
Number of Weekly Hours for Each Step
Number of Weeks
Business Roles Technical Roles
Manager: Risk Manager, Project Manager Director VP CXO: e.g CEO, CIO, CISO Analyst Developers: Full Stack, Dev. Ops. Architect: Enterprise Architect, Data Architect
Finalizing RFP and Submiting to Vendor Short List
Reviewing Vendor RFP Responses
Reducing Potential Vendor Short List if Necessary
Phase 4. Proof-of-Concept Testing
Total Number of Hours for This Phase
0
Total Number of Hours for This Phase
0
Number of Weekly Hours for Each Step
Number of Weeks
Business Roles Technical Roles
Manager: Risk Manager, Project Manager Director VP CXO: e.g CEO, CIO, CISO Analyst Developers: Full Stack, Dev. Ops. Architect: Enterprise Architect, Data Architect
Sending Legal and Risk Requirements (NDA, IP & Security Validation)
Developing Detailed Testing Checklist
Creating PoC Testing Lab and/or Environment
Collecting Data
Anonymizing Data
Establishing and Granting Software Vendors Access to APIs, Data and Testing Environment
Performing PoC with Each Vendor on the Short List
Phase 5. Reference Calls, Site Visits and Software Vendor Selection
Total Number of Hours for This Phase
0
Total Number of Hours for This Phase
0
Number of Weekly Hours for Each Step
Number of Weeks
Business Roles Technical Roles
Manager: Risk Manager, Project Manager Director VP CXO: e.g CEO, CIO, CISO Analyst Developers: Full Stack, Dev. Ops. Architect: Enterprise Architect, Data Architect
Reviewing and Evaluating PoC Results
Further Reviewing and Evaluating RFP Responses
Calculating Overall Weighted Score Analysis for Vendors
Reducing Short List to Two Top Software Vendors
Selecting Software Vendor of Choice
Conducting On-site Reference Check for Top Vendor
Notifying Software Vendors of Decision and Negotiating Contract with Chosen Vendor(s)
Infrastructure Components Required for Testing and Evaluating Software Vendors
Environment
Location of Testing:
On Prem
Number of Instances 12 instances 36 instances 90 instances
Total Computing Size 12 cores (12 core per CPU, single CPU) 36 cores (18 cores per CPU, Dual CPU) 36 cores (18 cores per CPU, Dual CPU)
Total Memory (GB) 64 192 384
Quantity
On the Cloud
Duration of Testing (Days):
Number of Instances 12 instances 36 instances 90 instances
Total Computing Size 24 vCPU cores 72 vCPU cores 180 vCPU cores
Total Memory (GB) 48 144 360
Quantity
Results
Results
Total Cost per PoC
Want more insights into your innovation spend?
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