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Product Portfolio Management, Project Portfolio Management, Strategic Planning

Eight Rules of Effective R&D Portfolio Management – Enrich Consulting

Published By Dr. Richard Sonnenblick

white_paperDan Smith and I have written a white paper on strategic R&D portfolio management that summarizes many of the lessons and insights we’ve gleaned during twelve years of client engagements. The white paper is organized into eight ‘rules’:

  1. Avoid incomplete strategies
  2. Build an actionable strategy
  3. Don’t buy in to bubble plots
  4. Move beyond prioritization
  5. Present decision-makers with 3-6 compelling portfolios
  6. Use a variety of project selection methods
  7. Ask the right question
  8. Build risk into your forecast

If you are a regular reader of this blog, you’ll no doubt hear echoes of previous posts in some of these rules.  So, what do all these rules have in common? When heeded, they guide project teams and decision makers to the hard-but-essential conversations about key project risks and portfolio trade-offs. Those conversations are sine qua non of successful R&D decision making.

Here is the link to the white paper. Enjoy!

PS: We welcome your comments and suggestions for the next eight rules…

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Written by Dr. Richard Sonnenblick Chief Data Scientist

Dr. Sonnenblick, Planview’s Chief Data Scientist, holds years of experience working with some of the largest pharmaceutical and life sciences companies in the world. Through this in-depth study and application, he has successfully formulated insightful prioritization and portfolio review processes, scoring systems, and financial valuation and forecasting methods for enhancing both product forecasting and portfolio analysis. Dr. Sonnenblick holds a Ph.D. and MS from Carnegie Mellon University in Engineering and Public Policy and a BA in Physics from the University of California, Santa Cruz.