Product Portfolio Management

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.

Avoiding King Kong Projects – Enrich Consulting

“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...

Scenario Planning 101 – Enrich Consulting

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...

Creating a Results-Oriented Culture

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...

Creating Capacity for Innovation [Infographic]

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...

12 Signs That It’s Time to Start Your PPM Journey

In my last post I discussed how product organizations are using ineffective tools to manage their product portfolio and that it’s likely cutting into their bottom line due to inefficient resource utilization and missed deadlines when bringing products to market. Still, how do you know when you’ve reached the tipping point, and when it’s really time...

It’s 2015, why is everyone still using NPV? – Enrich Consulting

Watching Back To The Future again recently, I was horrified to realize that, at the end of the movie, the professor and Marty use their time machine to travel from 1985 to…wait for it…2015. They traveled 30 years into the future, and I’ve aged 30 years since last seeing the movie. Robert Zemeckis’s vision for The Future doesn’t...

Upcoming Conferences on PPM and Innovation – Enrich Consulting

Fall and winter is high season for conferences, and we’re excited to be sponsoring five different events across North America and Europe between now and March 2016. We recommend all of these conferences as excellent opportunities to network, learn from your peers, and share your own wisdom on innovation and portfolio management. Boston, October 6-7: 8th...

Is Your Product Portfolio Tool Working for or Against You?

Whether you know it or not, your company already uses a product portfolio tool. This tool might be as simple as a collection of spreadsheets, or possibly something more robust. Regardless, if you’re using a method for recording ideas, prioritizing projects, and managing resources – you’re already leveraging a tool(s) to manage the product development...

Don’t Miss the Mark! What Executives Need to Consider When It Comes to Business Planning

In this four-part series, I’m discussing some planning challenges and offering best practices that can help companies improve efficiencies and gain strategic advantage. In my last blog post I discussed “Is the annual process disconnected from the realities of your business?” In Part 2, I will talk about how executives and leadership need to rethink...

Your First Portfolio Review Won’t Go As Planned – Enrich Consulting

It doesn’t matter how much you think you’ve prepared, how many run-throughs you’ve done, how many assurances you have from your project teams that all the data will be there, and be correct. Something will go wrong: a critical piece of data will be missing, the slides will be wrong, an unanswerable question will derail...