This paper describes a research-in-progress that explores the applicability and implications of open innovation in a multiple-project environment that employs agile approaches to information systems development. In doing so, it seeks to reveal any resemblance the open innovation model has with the agile process, while simultaneously investigating the challenges of such an approach for project management. This paper argues for a different perspective of project management that goes beyond single and multiple project management to scrutinise the open space of innovation that includes collaboration and knowledge-sharing with other business units, customers, partners, competitors and other relevant stakeholders outside the boundaries of the firm.