Kromatic's New Templates: Evaluate and Advance Innovation Projects
Three practical worksheets your innovation team will actually use
By Tristan Kromer · Quick Answer: Kromatic’s latest resource updates include three practical templates for innovation teams: an Innovation Project Evaluation Worksheet for consistently applying decision criteria to budget allocation, a Stage Gate Process Criteria Template for designing innovation funnels based on objectives, resources, and unknowns, and a Mission Model Thinking Template for outlining problems, solutions, risks, benefits, and costs. As product managers, we can use these tools to bring more structure and consistency to how we evaluate, fund, and advance innovation projects.
Hi there,
It’s time for a sneak peek of our recent updates!
Innovation Project Evaluation Worksheet
Use this template to consistently apply decision criteria when allocating budget to an innovation project.
Stage Gate Process Criteria Template
This is a basic innovation funnel template for designing your stage gates process based on objectives, resources, and unknowns.
Mission Model Thinking Template
A helpful template for outlining the problems, solutions, risks, benefits, and costs of your mission model.
Do you use any of these tools? Do you use other Kromatic resources? What are we missing?
Let us know what you think!
Frequently Asked Questions
What is the Innovation Project Evaluation Worksheet used for?
The Innovation Project Evaluation Worksheet helps us consistently apply decision criteria when allocating budget to innovation projects. Rather than making ad hoc funding decisions, we can use this template to standardize how we evaluate and compare projects, ensuring resources go to the initiatives with the strongest potential.
How does a Stage Gate Process Criteria Template help with innovation?
The Stage Gate Process Criteria Template provides a basic innovation funnel framework for designing your stage gate process. It’s organized around three key dimensions — objectives, resources, and unknowns — so we can define clear criteria for advancing or killing projects at each gate.
What does the Mission Model Thinking Template cover?
The Mission Model Thinking Template helps us outline the core elements of a mission model: problems, solutions, risks, benefits, and costs. It’s especially useful for teams working on projects where traditional business model thinking doesn’t fully apply, giving structure to how we frame and communicate our mission.
What innovation tools does Kromatic offer for product managers?
Kromatic provides a range of innovation tools and resources including the Innovation Project Evaluation Worksheet, the Stage Gate Process Criteria Template, and the Mission Model Thinking Template. These are designed to help us bring more structure and consistency to innovation projects, from evaluation and funding decisions to process design.
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