INCREASE INNOVATION RETURNS WITHOUT INCREASING SPENDING: PORTFOLIO MANAGEMENT
Done right, portfolio management for product innovation is a high impact activity – the
critical link that ensures your business strategy gets implemented! Rejuvenate
your team’s thinking around this topic by introducing refreshing new ideas
and solutions to complex portfolio challenges.
SAMPLE COURSE OUTLINE
DAY ONE
Introduction and the New Product Continuum
- Recognize the elements of an effective innovation program
New Product Portfolio Management: Benchmarking Best Practices
- Learn the portfolio best practices of top performing companies
Best Practices: The Five Goals of Portfolio Management
- Select high value projects to maximize value
- Achieve balance
- Use strategic buckets for strategic alignment
- Allocate resources to maximize value
- Forecast your portfolio’s potential value – is it sufficient?
Team Breakout: Key Challenges in Portfolio Design and Implementation
Best Practices: Managing Your Portfolio Management Process
- Discover the top down strategic bucket model
- Learn the bottom up scoring model with strategic criteria
Best Practices: Two Methods of Portfolio Management
- The Gate dominant approach
- The Portfolio Review dominant approach
Linking Your Challenges to the Stage-Gate® Portfolio Management
Framework
- Assess and define your portfolio program
- Conduct a detailed portfolio design
- Implement and improve your program
Setting Portfolio Management Goals
- Identify common types of portfolio management goals
Identifying Best Practice Charts and Metrics
- Ensure strategic alignment
- Maximize value
- Achieve project balance
- Ensure sufficiency
- Manage the pipeline
DAY TWO
Designing the Portfolio Management Process – Two Possible Methods
- Design a Gate dominant approach
- Design a Portfolio dominant approach
- Select the right approach for your organization
Designing the Portfolio Management Process – Process, Data & IT
- Develop the portfolio process
- Collect data and maintain integrity
- Select the IT tool and support
Gap Analysis
- Conduct a current state assessment
- Identify the future/desired state
- Bridge the gap and putting a plan in place
Ensuring your Stage-Gate Process and Product Innovation and Technology Strategy
are Ready
- Recognize the purpose of a product innovation and technology strategy
- Link strategy with portfolio
- Understand the importance of an effective NPD process
- Link portfolio management with resource allocation
- Learn about resource capacity analysis
Q+A and Wrap-up of Event
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