{"id":6887,"date":"2018-08-14T13:51:00","date_gmt":"2018-08-14T18:51:00","guid":{"rendered":"https:\/\/blog.planview.com\/?p=6887"},"modified":"2022-04-04T14:16:00","modified_gmt":"2022-04-04T19:16:00","slug":"secrets-to-delivering-smarter-more-connected-products-2","status":"publish","type":"post","link":"https:\/\/blog.planview.com\/secrets-to-delivering-smarter-more-connected-products-2\/","title":{"rendered":"The Secrets to Become a Top Performing Product Innovator"},"content":{"rendered":"<p><img loading=\"lazy\" decoding=\"async\" class=\"wp-image-6999 aligncenter\" src=\"https:\/\/blog.planview.com\/wp-content\/uploads\/2018\/08\/iStock-887882750.jpg\" alt=\"\" width=\"836\" height=\"557\" srcset=\"https:\/\/blog.planview.com\/wp-content\/uploads\/2018\/08\/iStock-887882750.jpg 7360w, https:\/\/blog.planview.com\/wp-content\/uploads\/2018\/08\/iStock-887882750-300x200.jpg 300w, https:\/\/blog.planview.com\/wp-content\/uploads\/2018\/08\/iStock-887882750-768x513.jpg 768w, https:\/\/blog.planview.com\/wp-content\/uploads\/2018\/08\/iStock-887882750-1024x683.jpg 1024w, https:\/\/blog.planview.com\/wp-content\/uploads\/2018\/08\/iStock-887882750-750x501.jpg 750w\" sizes=\"auto, (max-width: 836px) 100vw, 836px\" \/><\/p>\n<p>In the <a title=\"\" href=\"https:\/\/info.planview.com\/2018-pi-benchmark-webinar-_webinar_pi_en_reg.html\" target=\"_blank\" rel=\"noopener noreferrer\">6th Product Portfolio Management Benchmark Study<\/a>, conducted by <a title=\"\" href=\"https:\/\/tech-clarity.com\/\" target=\"_blank\" rel=\"noopener noreferrer\">Tech-Clarity<\/a> and commissioned by Planview, we discovered what top product innovators are doing throughout the product development process to drive innovation. In this two-part series, we\u2019ll explore secrets in detail. Check out <a href=\"https:\/\/blog.planview.com\/secrets-to-delivering-smarter-more-connected-products\/\">part one<\/a> for secrets 1-2, and read on to learn secrets 3 \u2013 5!<\/p>\n<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_80 counter-hierarchy ez-toc-counter ez-toc-grey ez-toc-container-direction\">\n<div class=\"ez-toc-title-container\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">Table of Contents<\/p>\n<span class=\"ez-toc-title-toggle\"><a href=\"#\" class=\"ez-toc-pull-right ez-toc-btn ez-toc-btn-xs ez-toc-btn-default ez-toc-toggle\" aria-label=\"Toggle Table of Content\"><span class=\"ez-toc-js-icon-con\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #999;color:#999\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #999;color:#999\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/span><\/a><\/span><\/div>\n<nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/blog.planview.com\/secrets-to-delivering-smarter-more-connected-products-2\/#Secret_3_Replace_Gut_Reactions_with_Data-Driven_Decisions\" >Secret #3: Replace Gut Reactions with Data-Driven Decisions<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/blog.planview.com\/secrets-to-delivering-smarter-more-connected-products-2\/#Secret_4_Performance_Results_Come_from_Repeatability\" >Secret #4: Performance Results Come from Repeatability<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/blog.planview.com\/secrets-to-delivering-smarter-more-connected-products-2\/#Secret_5_Get_Your_House_in_Order\" >Secret #5: Get Your House in Order<\/a><\/li><\/ul><\/nav><\/div>\n<h2><span class=\"ez-toc-section\" id=\"Secret_3_Replace_Gut_Reactions_with_Data-Driven_Decisions\"><\/span>Secret #3: Replace Gut Reactions with Data-Driven Decisions<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>A major factor in <a href=\"https:\/\/www.planview.com\/products-solutions\/solutions\/product-innovation-portfolio-management\/\">product portfolio management<\/a> is data. Thirty-eight percent of top performers have immediate access to accurate data compared to 24% of all other performers. Accurate, timely data helps project teams make smart decisions, keeps a project from stalling, alerts teams to a project that may fail, and reduces risk while increasing confidence in the decisions being made.<\/p>\n<p>Data comes in many forms: market research and trends, project costs, resource allocation, profits and losses \u2026 anything that influences the project is data. For a lot of companies, this data is captured and stored in spreadsheets. Considering all the data needed for a project, is it all stored on one spreadsheet? If not, how many? How many people can make changes to these spreadsheets? Can you really trust that data?<\/p>\n<p>Access to accurate and timely data plays such a crucial role in product portfolio management and top performers know this. The third secret may seem like a no-brainer, but it makes all the difference to a project timeline when decisions can be made within days because trusted data comes from a single source of truth rather than weeks when data needs to be collected from multiple spreadsheets.<\/p>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter wp-image-7235\" src=\"https:\/\/blog.planview.com\/wp-content\/uploads\/2018\/07\/planview-product-development-webinar-no-date-600x200.jpg\" alt=\"\" width=\"684\" height=\"228\" srcset=\"https:\/\/blog.planview.com\/wp-content\/uploads\/2018\/07\/planview-product-development-webinar-no-date-600x200.jpg 600w, https:\/\/blog.planview.com\/wp-content\/uploads\/2018\/07\/planview-product-development-webinar-no-date-600x200-300x100.jpg 300w\" sizes=\"auto, (max-width: 684px) 100vw, 684px\" \/><\/p>\n<h2><span class=\"ez-toc-section\" id=\"Secret_4_Performance_Results_Come_from_Repeatability\"><\/span>Secret #4: Performance Results Come from Repeatability<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Working within a well-defined, structured process makes product development more straightforward, lessens doubt in decision-making, and provides the tools necessary to be successful. One area that seems to be troublesome for most organizations is whether they should kill a product or project in the development process. Based on the feedback in the study, it\u2019s clear there isn\u2019t always a definition or structured process on what signifies a failing project.<\/p>\n<p><em>Select the top 3 reasons why your company isn\u2019t killing more products or projects during the commercialization process<\/em><\/p>\n<p><a href=\"https:\/\/blog.planview.com\/wp-content\/uploads\/2018\/08\/image-2-for-blog.png\"><img loading=\"lazy\" decoding=\"async\" class=\"alignnone size-full wp-image-6889\" src=\"https:\/\/blog.planview.com\/wp-content\/uploads\/2018\/08\/image-2-for-blog.png\" alt=\"\" width=\"1428\" height=\"577\" srcset=\"https:\/\/blog.planview.com\/wp-content\/uploads\/2018\/08\/image-2-for-blog.png 1428w, https:\/\/blog.planview.com\/wp-content\/uploads\/2018\/08\/image-2-for-blog-300x121.png 300w, https:\/\/blog.planview.com\/wp-content\/uploads\/2018\/08\/image-2-for-blog-768x310.png 768w, https:\/\/blog.planview.com\/wp-content\/uploads\/2018\/08\/image-2-for-blog-1024x414.png 1024w, https:\/\/blog.planview.com\/wp-content\/uploads\/2018\/08\/image-2-for-blog-750x303.png 750w\" sizes=\"auto, (max-width: 1428px) 100vw, 1428px\" \/><\/a><\/p>\n<p>There is never a problem with having enough ideas, but prioritizing those ideas is always a challenge. Continuous resource planning is where processes and data come together to really drive decisions for projects. Knowing that resource planning and killing projects should be a process and data-driven, not based on emotion, is the fourth secret of top performers. They understand it\u2019s important to ensure you\u2019re not half-starving all projects but investing in the ones that are doing well and will have the higher return on investment for the organization.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Secret_5_Get_Your_House_in_Order\"><\/span>Secret #5: Get Your House in Order<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>The final secret we uncovered is that top performers are using a Product Portfolio Management solution to:<\/p>\n<ul>\n<li>Improve visibility with access to a single source of truth on the product portfolio<\/li>\n<li>Improve resource utilization resulting in increased project capacity<\/li>\n<li>Eliminate reliance on spreadsheets and homegrown applications<\/li>\n<li>Improve and quicken decision making based on analytics and real-time calibrated reporting<\/li>\n<li>Reduce costs through process efficiencies<\/li>\n<\/ul>\n<p>A product portfolio management solution combines applications that are usually spread among multiple interfaces into a single source of truth, and the benefits are realized immediately as small adjustments can have BIG impacts on the product development process!<\/p>\n<p>To hear these secrets in more detail, register for the on-demand webinar to listen to Planview\u2019s Carrie Nauyalis and Tech-Clarity\u2019s Jim Brown discuss the \u201c<a title=\"\" href=\"https:\/\/info.planview.com\/2018-pi-benchmark-webinar-_webinar_pi_en_reg.html\" target=\"_blank\" rel=\"noopener noreferrer\">The Surprising Secrets to Delivering Smarter, More Connected Products: Findings from the 6th Product Portfolio Management Benchmark Study<\/a>\u201d today!<\/p>\n<p>Don&#8217;t forget to <a href=\"https:\/\/blog.planview.com\/secrets-to-delivering-smarter-more-connected-products\/\">check out Secrets 1 and 2<\/a> that top performers are applying throughout the product development process to drive innovation!<\/p>\n<p><a href=\"https:\/\/www.planview.com\/lp\/map-your-product-portfolio-toward-success\/?_ga=2.100822725.512360290.1565620716-1049357371.1559153883&amp;_gac=1.195350750.1564418320.Cj0KCQjwsvrpBRCsARIsAKBR_0I9lYfy1GP58kG71h_G_Paf3LKI5_79pF5wwnAhGdjLSZIoKxQhgmMaAsOpEALw_wcB\" target=\"_blank\" rel=\"noopener noreferrer\"><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter wp-image-10997 size-full\" src=\"https:\/\/blog.planview.com\/wp-content\/uploads\/2019\/01\/PPM.jpg\" alt=\"Sixth Product Portfolio Management Study\" width=\"1182\" height=\"479\" srcset=\"https:\/\/blog.planview.com\/wp-content\/uploads\/2019\/01\/PPM.jpg 1182w, https:\/\/blog.planview.com\/wp-content\/uploads\/2019\/01\/PPM-300x122.jpg 300w, https:\/\/blog.planview.com\/wp-content\/uploads\/2019\/01\/PPM-768x311.jpg 768w, https:\/\/blog.planview.com\/wp-content\/uploads\/2019\/01\/PPM-1024x415.jpg 1024w, https:\/\/blog.planview.com\/wp-content\/uploads\/2019\/01\/PPM-750x304.jpg 750w\" sizes=\"auto, (max-width: 1182px) 100vw, 1182px\" \/><\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>In the 6th Product Portfolio Management Benchmark Study, conducted by Tech-Clarity and commissioned by Planview, we discovered what top product innovators are doing throughout the product development process to drive innovation. In this two-part series, we\u2019ll explore secrets in detail. Check out part one for secrets 1-2, and read on to learn secrets 3 \u2013&#8230;<\/p>\n","protected":false},"author":115,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_editorskit_title_hidden":false,"_editorskit_reading_time":2,"_editorskit_is_block_options_detached":false,"_editorskit_block_options_position":"{}","footnotes":""},"categories":[36],"tags":[],"class_list":["post-6887","post","type-post","status-publish","format-standard","hentry","category-product-development"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v26.8 (Yoast SEO v26.8) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>The Secrets to Become a Top Performing Product Innovator - Planview Blog<\/title>\n<meta name=\"description\" content=\"A product portfolio management solution combines applications that are usually spread among multiple interfaces into a single source of truth, and the benefits are realized immediately as small adjustments can have BIG impacts on the product development process and utilizing techniques of top product innovators.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/blog.planview.com\/secrets-to-delivering-smarter-more-connected-products-2\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"The Secrets to Become a Top Performing Product Innovator\" \/>\n<meta property=\"og:description\" content=\"A product portfolio management solution combines applications that are usually spread among multiple interfaces into a single source of truth, and the benefits are realized immediately as small adjustments can have BIG impacts on the product development process and utilizing techniques of top product innovators.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/blog.planview.com\/secrets-to-delivering-smarter-more-connected-products-2\/\" \/>\n<meta property=\"og:site_name\" content=\"Planview Blog\" \/>\n<meta property=\"article:publisher\" content=\"http:\/\/www.facebook.com\/pages\/Planview-Inc\/89422974772\" \/>\n<meta property=\"article:published_time\" content=\"2018-08-14T18:51:00+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2022-04-04T19:16:00+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/blog.planview.com\/wp-content\/uploads\/2018\/08\/iStock-887882750.jpg\" \/>\n<meta name=\"author\" content=\"Carly Miller\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@Planview\" \/>\n<meta name=\"twitter:site\" content=\"@Planview\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Carly Miller\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"4 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/blog.planview.com\/secrets-to-delivering-smarter-more-connected-products-2\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/blog.planview.com\/secrets-to-delivering-smarter-more-connected-products-2\/\"},\"author\":{\"name\":\"Carly Miller\",\"@id\":\"https:\/\/blog.planview.com\/#\/schema\/person\/15eebeb5a0b57229f4fbcc9b4c52bb41\"},\"headline\":\"The Secrets to Become a Top Performing Product Innovator\",\"datePublished\":\"2018-08-14T18:51:00+00:00\",\"dateModified\":\"2022-04-04T19:16:00+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/blog.planview.com\/secrets-to-delivering-smarter-more-connected-products-2\/\"},\"wordCount\":623,\"publisher\":{\"@id\":\"https:\/\/blog.planview.com\/#organization\"},\"image\":{\"@id\":\"https:\/\/blog.planview.com\/secrets-to-delivering-smarter-more-connected-products-2\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/blog.planview.com\/wp-content\/uploads\/2018\/08\/iStock-887882750.jpg\",\"articleSection\":[\"Product Portfolio Management\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/blog.planview.com\/secrets-to-delivering-smarter-more-connected-products-2\/\",\"url\":\"https:\/\/blog.planview.com\/secrets-to-delivering-smarter-more-connected-products-2\/\",\"name\":\"The Secrets to Become a Top Performing Product Innovator - 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