The Planview Horizons Annual Customer Conference recently wrapped up after three incredible days of all things Portfolio Management. A record number of Planview customers attended this year, deepening their knowledge of how they can further leverage Planview solutions while networking with others in the Planview Customer Community, and of course, having fun in Austin.
At the event, I participated in a roundtable session of product development customers to collect feedback on how Planview can increase its contribution to helping them achieve strategic goals. Participants were from a variety of industry segments and different places along their journey towards improving innovation. All had valuable experiences to share.
The key takeaways from the roundtable discussions all related to the ultimate goal of a closed-loop product development network or ecosystem. What are the moving pieces in that network? It’s different for every company, but some of the key components are:
- Front End of Innovation (Ideation Management)
- Product and Project Portfolio Management (PPM)
- Product Lifecycle Management (PLM)
- Enterprise Resource Management (ERP)
The product development leaders agreed that these disparate systems (or network components) should work together for improved efficiency, productivity, cost savings, and resource utilization. Each roundtable attendee has this vision and each is trying to close the loop on data at their own pace and via their own design.
So how can PD companies achieve greater harmony amongst the components? Assess your company current state in each of the components and identify what valuable data from each system you need to see in an integrated view to make decisions. Consider an end-solution that can scale to your organization’s current product development processes, but can grow as the business matures.
What do you think? Is a closed-loop product development network a valuable part of your company’s future? Share your thoughts by leaving a comment below.