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.

Reinforcing Value Through Sustainable Products and Processes

For many products-led organizations, prioritizing environmental, social, and governance (ESG) activities, and thus sustainability initiatives, is no longer a nice-to-have but a must-have. 54% of consumers will only do business with companies that practice environmental and social sustainability. The current sustainability movement is primarily driven by customer perceived value — and 63% of executives agree...

Cross-Functional Product Development Case Study Roundup

As technology continues to advance at a rapid pace, organizational work silos are no longer viable. A growing hybrid and remote workforce has shown the need for clear communication and collaboration across teams. The dismantling of silos is especially crucial in companies that produce physical products involving cross-functional teams that need more efficient ways of...

Making Real-Time Product Portfolio Data Analysis a Priority

As market turbulence accelerates, businesses across the globe are being forced to respond with speed and agility — or risk being left behind. But you don’t need to be making split-second shots in the dark. Gathering as much information as possible about your products, as well as vital intel on market demand and consumer behavior,...

Adapting in Uncertainty: Best Practices for Effective Product Portfolio Management

Reducing risk and increasing productivity is always top-of-mind, especially in an uncertain or unstable environment. Organizations must constantly adapt through strategic decision-making to ensure success with minimal risk or cutbacks. One essential part of this adaptation strategy is building a strong product portfolio; this requires a unified approach to aligning portfolio objectives with the overall...

Maximizing PMO Value During Times of Economic Uncertainty

The right focus, the right results  PMOs must be business focused; you have probably heard that, or something similar, in recent years. But what does that really mean? And how does this impact the focus of your business having to adapt and change to shifting environments?   On the topic of economic uncertainty, Global PMO thought...

Delivering Rapid Innovation and Efficient Collaboration with Xtrac

When working with outdated systems and processes, teams across industries and functions face similar problems: duplicate work, siloed communications, no single source of truth, and a lack of tracking. This leaves companies unable to check the status of current projects and predict future work demands. One company, in particular, used to have these problems—Xtrac. Xtrac...

Turn the Tables on Product Development Disruptions

Disruptions to effective product development are constant but don’t need to be detrimental to an organization’s ability to deliver innovation with speed and maintain a healthy ROI. Suppose organizations make adaptability a cornerstone of their product development strategy and overall culture. That shift creates constant momentum, making it easier to adjust perspectives and see with...

3 Key Risks for IoMT Product Development

What used to seem impossible is now possible for healthcare providers. Driven by accelerating technology, the Internet of Medical Things (IoMT) creates an ever-growing network of medical devices and applications that transform patient care and significantly decrease the burden on healthcare systems. The IoMT includes smart devices that provide real-time data, location, and medical monitoring....

Answering 3 Key Automotive Industry 4.0 Questions

Vehicle factory shutdowns due to a microchip shortage, an automotive CEO losing his job for software concerns, and millions of connected cars on the road. No doubt about it, Automotive Industry 4.0 is here. Technology-related issues that weren’t a concern just five or ten years ago are now top of mind as customer demands and...

What Did the Pandemic Teach Us About New Product Development?

In this post, you will find questions and answers from an incredibly timely and informative webinar that provided crucial new product development best practices based on lessons learned from the pandemic. The information collected in these Q&As will act as valuable assets for anyone wanting to make clear the real need for more adaptive product...