Product Forecasting and the Planning Fallacy – Enrich Consulting

Experience shows that what happens is always the thing against which one has not made provision in advance. — John Maynard Keynes [1] An old cliché in forecasting is that when it comes to the single-valued forecast, the only thing you can say with certainty is that it’s wrong. More than just plain wrong numbers,...

Learning From Our Forecasting Foibles – Enrich Consulting

The prevalent tendency to underweight, or ignore, distributional information is perhaps the major source of error of intuitive prediction…The analyst should therefore make every effort to frame the forecasting problem so as to facilitate utilizing all the distributional information that is available to the expert. —Daniel Kahneman and Amos Tversky [1] Most people involved in...

Top Innovation and Product Development Resources of 2012

Happy New Year! As we kick off 2013, I thought it would be helpful to share some of the most popular innovation and product development resources of 2012. These whitepapers and webcasts feature analysts, thought leaders, and practitioners sharing their wisdom and experience to help us make better, more informed decisions and optimize our limited resources....

The Future of Visual Management (Is Here)

At Planview AgilePlace, we’re firm believers in practicing what we preach. The core product that we build is software that allows our customers to create kanban-style boards for managing teams and projects. We think it’s a pretty great tool, and we’re always working to make it better. But, we know that a tool is only as good...

Optimizing Resources in Product Development

10 Historically Proven Military Strategies that You Can Apply in Your Organization for Optimizing Resources in Product Development “From Sun Tzu’s 13 principles to Napoleon’s 115 maxims, to the countless other [military] strategies, there are hidden gems of resource management advice that are as relevant today as they were back then.” After reading this statement in...

Every budget is an IT budget. Now is the time for IT Alignment with the Business.

A recent article caught our attention where Peter Sondergaard, Senior VP of research at Gartner, stated that every budget is an IT budget and that technology is embedded in every product. So how can IT departments begin to think differently and act quickly in order to keep up with technology trends? Here are some of...

PPM in 2013: Consolidation, Change and Collaboration

First published on ProjectManagement.com on January 2nd, 2013. As  2012 starts to become a distant memory and companies begin implementing their 2013 plans, I’ve spent some time reflecting on the Project Portfolio Management (PPM) trends of 2012 and how those trends will continue, amplify or decrease into the new year.  From observations made over the...

Google Trumps Apple at Christmas

What I Got My Kids (keep it a secret) and Why It’s a Big Problem for Apple Those who know me have accused me over the years of being an “Apple fan-boy”. Although I would argue that I am really more of a technology geek and early adopter, it’s hard to argue with the fan-boy...

Reflecting on Clinical Research Industry Headlines of 2012

Addressing CRO Challenges with Services Resource Planning December is often a time to reflect on achievements, ponder on lessons learned, and set goals for the New Year. It is as if Charles Dickens’ A Christmas Carol has saturated the subconscious and I expect the Ghost of Christmas Future to appear this evening and tell me...

Product Portfolio Management: A Look Back and a Look Ahead

How the Product Portfolio Management Benchmark Study Findings Should Inform 2013 Planning It’s that wonderful time of year again — planning, planning, and more planning. Where are you and your organization in the portfolio planning process at this point? Patting ourselves on the back because we are done! In the thick of it and taking...