Introduction to Origination
Where do good ideas come from? A look at the process of ideation in an energy project context
Origination. What does it mean?
the process of starting or developing something, or causing it to happen
The term ‘origination’ is widely used in finance to denote the creation or start of a project or a transaction.
In the world of net zero projects, or indeed other types of projects, it can be thought of as the idea or concept for the project. Sometimes concepts emerge as a ‘eureka’ or ‘light bulb’ moment for an individual, more often perhaps they come from thought, analysis and input from groups of people.
During this phase, project ideas are proposed, evaluated for alignment with strategic goals and objectives and within the context of the broader project portfolio, and is then selected or rejected on this basis.
To move a concept from an idea through to fruition takes energy and commitment, sometimes over many years, or even decades. What starts as one idea often evolves into another as more information and input is considered. Origination can be a messy process, but it is a critical first step in project management.
"Monomania is a prerequisite of success"
"Success has many fathers, but failure is an orphan"
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