Your path to business agility
Innovation is all about focusing and optimizing the product portfolio so you can get products to market at the right time and cost. Topics we’ll explore in the Product Innovation blog category range from ideation management to product launch and product end-of-life. Experts will provide recommendations to take your innovation strategy and delivery process to the next level. You’ll get tips for picking the right projects, prioritizing good projects, and aligning them with strategy. Take your innovation strategy to the next level with information on improving time to market to maximize resources, funding, and time. Get tips from other customers on how they improved transparency to pick the right projects and kill the bad projects early. You will also be able to access ground-breaking research and fresh insights on how capacity planning can accelerate business innovation while lowering risk.
In most R&D organizations, the portfolio management team walks a narrow line between the project teams and the executives. The portfolio staff polls the project teams for information about each new and ongoing initiative, builds portfolio views, and shares the updated state of the portfolio with executives. In an ideal world, the portfolio team members...
Knowing the current cost and estimated value of every initiative in your portfolio is nice, but when executives meet for a review, what they really want to know is: What’s changed since the last review, was it good or bad, and why? The above is true whether a month, a quarter, or a year has...
This year marked the 10th anniversary of the Frost & Sullivan New Product Innovation & Development MindxChange, and it was a great one! If you’re unfamiliar with Frost & Sullivan, and their contribution to everything innovation, I can ensure you that they don’t throw your granddad’s event. This year was 3 days packed to brim...
You’re probably familiar with Gantt charts, which show project tasks, their duration, and their completion dates. For a specific project, project managers and executives use Gantt charts to quickly review upcoming activities. When reviewing a portfolio of projects, project managers sometimes continue to use Gantt charts, adding upcoming tasks for all projects to a single...
No one plans on letting project deadlines slip, missing business opportunities, or slowing innovation. Whether overcommitting or underutilizing, there is always a high price to pay for not using resources efficiently or focusing them on the most strategic efforts. Just how costly? According to a 2014 benchmark study of 480 planning and resource leaders from...
So let’s say you’ve successfully delivered the business case for product portfolio management (PPM) and convinced your team that it’s time to take the next step in your organization’s innovation maturity (I recommend reading “Making the Case for Change” if you’re not there yet). The next step is to vet the vendors and select the...
“Hey Percy, what happened to the two medical writers who were supposed to start work with us this week?” “Oh, you didn’t hear, Luke? They were pulled to work on project PDE_311 at the last minute.” “Ugh, just like the bio-statistician that we were supposed to have last month!” said an exasperated Luke. “That’s the...
Uh-oh The goal of portfolio management is to effect changes that minimize risk and maximize value. But change is hard, and corporate change is harder still. People need motivation. The best way to build that motivation is to lay the consequences of the present course bare and make the status quo completely unpalatable. Like Thelma...
Mature Organizations Continuously Plan Throughout the Year, Not Just Annually In this four-part series, I’m discussing planning challenges and offering best practices that can help companies improve efficiencies and gain strategic advantage. Is the Annual Process Disconnected from the Realities of Your Business? Don’t Miss the Mark! What Executives Need to Consider When It Comes...
Every company wants to be a leader in innovation: the brand that brings the best, most innovative products to market. Unfortunately, what we often find is that these same organizations fundamentally fail in creating capacity for innovation. Check out the infographic to find out more about creating capacity for innovation and begin shifting your organization’s product...
