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Practice of project management is continually changing in the contemporary business. Working with the small teams and often with the limited budgets, while facing frequent changes in the business requirements, project managers are under continuous pressure to deliver fast turnarounds. Following the demands of new trends in the business management, leaders in the R&D sector are optimizing and adopting different and new styles and strategies more effectively. Waterfall models are suitable for projects with very clea...

The article describes the process of designing and implementing innovative solutions using methods that support creative problem-solving and project management methods. The convergence of innovation management and project management topics are outlined. Consequently, it enabled the creation and presentation of a hybrid innovation management design model that combines methods and tools in the areas of investment, innovation management and project management. In order to establish the innovation management design, m...