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Enterprises around the world face significant challenges in an increasingly competitive and global economy. Given this scenario companies’ survival depends on their ability to stay ahead in their markets and innovation is considered a pressing need, the key resource for achieving sustainable competitive advantage. Innovations, product and technology development, are transformed into reality through projects and are affected by the management model and the practice adopted in order to be decisive and support the achievement of the organization’s goals. In this way, this paper proposed a conceptual maturity model which was developed for innovation project management through qualitative approach, interviews; and then, through quantitative research involving 162 specialists and project managers who work with innovations from many sectors subsequently, the concept’s applicability was evaluated in the real environment of aerospace enterprises in the Brazilian ecosystem.