There has recently been a lot of talk about innovation and the benefits associated with being innovative. We all want to lead the team that is coming up with the latest and greatest solutions but there are many costs associated with innovation. In this blog, we are thinking of innovation as a change to the way of doing business or the business model, and with these changes come cost. One of the more tangible costs of innovation is the purchase of necessary infrastructure, technology, expert personnel, etc. These are costs that you directly see in the expense column of your project. These costs, if you are knowledgeable, can be quantified and anticipated.