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This lecture by the instructor provides key tangible aspects regarding projects and innovation management in an industrial setting, focusing on industrial project management, scope management, time management, risk management, and turning projects into business cases. The lecture also covers the journey from idea to product, project governance, project management basics, and agile vs. waterfall models. Additionally, it delves into product development basics, including methodologies, requirements definitions, and scope management techniques such as the Kano model for product features and the Work Breakdown Structure (WBS).