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Manage your portfolio, innovation matters


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Manage your portfolio, innovation matters

  1. 1. Manage Your Portfolio<br />Jaap Dekker, InnovationMatters, March 2011<br />
  2. 2. What to Expect<br />Customer issues with the portfolio<br />From the theory we knowhow to handleour portfolio<br />Whatshould the solution do?<br />Questionyourself<br />
  3. 3. Customer Issues<br />
  4. 4. Lacking insight into project pipeline<br />
  5. 5. Limited project resources<br />
  6. 6. Inaccurate project / resource forecasts<br />
  7. 7. Missing cost control and plan profitability on a portfolio level<br />
  8. 8. OtherCustomer Issues<br />Decision making process is not transparent<br />Lack of focused resources on high-value projects<br />Lack of project / resource visibility<br />
  9. 9. From the Theory We Know<br />“Portfolio Management is a dynamic decision process, whereby a business’s list of active new product (and R&D) projects is constantly updated and revised” (source: Cooper)<br />Selection of projects is included<br />Allocation of resources is included<br />Three goals:<br />Value maximization of your portfolio<br />Balance is about different kinds of project per operational goal <br />Strategy is about the grouping of projects ‘around’ each operational goal (Strategic fit)<br />Main factors determining success of innovation (NPI):<br />Maximum speed to market<br />Maximum fit to customer needs<br />Problems related to PFM:<br />Uncertainty and change of information about all projects<br />Multiple decision makers and locations<br />
  10. 10. Solution<br />Look for a solution that:<br />Align projects to goals<br />Portfolio-based decision making support for new projects<br />Monitoring of running projects on portfolio and program level<br />
  11. 11. QuestionYourself<br />Do you have full visibility into the performance of your projects?<br />How do you prioritize your initiatives efficiently and avoid the redundancy?<br />Do you have an overview on planned and proposed projects?<br />How do you control cost and profitability today?<br />How do you ensure you do not overspend your projects?<br />How do you ensure you allocate the right budget to the right projects?<br />