I Had a Portfolio Management Epiphany

The Smart Perspective to Reap Meaningful Gains from NPD Portfolio Management Years ago, a thought struck me about how I was wrong regarding a very critical aspect of new product development (NPD) portfolio management. I had always been a strong proponent of managing the portfolio so as to attain a proper balance or mix of projects and to align the portfolio with strategy. This seemed so fundamental that, to me, this simple concept of “portfolio balance” was beyond reason to question. I was Read more […] Related posts: Product Portfolio Management – Picking Flowers in the Dark Irrational Thinking and Clueless Portfolio Management

The Six Foremost Pitfalls of Product Development Portfolio Management

Managers need to be aware of several serious pitfalls of product development portfolio management. Moreover, organizations need to take steps to overcome these pitfalls in order to gain the true benefits of product development portfolio management. The difficulties of portfolio management are more encompassing than most managers think and in need of a much broader solution approach than most nirvana-preaching specialists suggest. The Six Foremost Pitfalls Consider for a moment that it has Read more […] Related posts: I Had a Portfolio Management Epiphany Why Good Portfolio Management Depends on a Robust Front-end

Portfolio, Pipeline and Platform Management Workshop

This workshop drills deep into these interrelated topics, with particular emphasis on how organizations build capability and gain notable benefits quickly.

Irrational Thinking and Clueless Portfolio Management

PPM Decision Making… Our Challenge! Perhaps you’ve seen it before.  You are sitting in a portfolio review meeting, everybody is serious and then the charts start appearing.  At first there is not a sound. Everyone is studying what the bubbles indicate.  Then, as each person catches on, eyes start shifting back and forth at each other.            vs.         Perfectly Rational Decisions Normal Human Choices A few murmurs are heard as the thought waves get sent out. Read more […] Related posts: Spiral-Up Implementation of NPD Portfolio and Pipeline Management Capability Maturity Model for Portfolio and Pipeline Management

Best Practices and Mistakes to Avoid when Building Capability in Your NPD Architecture

Paul O’Connor has been developing thought leadership pieces around best practices — and common mistakes that CAN be avoided — for building out process capability across the full architecture of new product development. If you haven’t yet had a chance to read these, here are several ways to gather this information: Bringing Maturity to the Front-End: 5 Best Practices for Building Capability (published in InnovationManagement.se on May 26, 2014): Knowing the best practices to follow is key Read more […] Related posts: 7 Mistakes to Avoid When Integrating New Product Development Processes Celebrating the Gaps in Your New Product Development Processes

Overcoming Portfolio Inertia and Portfolio Entropy Whitepaper

The forces of portfolio inertia and portfolio entropy have significant influence misdirecting new product development efforts.  By recognizing these forces, managers gain understanding of cause and effect of circumstances, and more importantly, gain clarity to recourse and actions.  Access this whitepaper to learn how to tackle the challenges. Learn more and download paper Read more […] Related posts: WHITEPAPER: Overcoming Portfolio Inertia and Portfolio Entropy Strategizing, Roadmapping and Executing the Product Line

7 Mistakes to Avoid When Integrating New Product Development Processes

As companies experience maturity in some areas of their new product development (NPD) processes, for example Stage-Gate® or portfolio management, they often begin to recognize gaps in other areas of process maturity. If the implementation of your full architecture of NPD processes is not well planned and committed to holistically, managers will likely face challenges across the business and at various points of the NPD lifecycle. Luckily, with a well-advised approach, the implementation can have Read more […] Related posts: Best Practices and Mistakes to Avoid when Building Capability in Your NPD Architecture Celebrating the Gaps in Your New Product Development Processes

Does Your Portfolio Team Feel Like a Fight Club?

6 Steps to Better Portfolio Management 1. Have a standing cross-organizational portfolio team: A Portfolio Analysis and Recommendation Team (PART) with a structure, process, cadence, measures, metrics, and portfolio goals will create an efficient and credible environment for portfolio issues to be managed. 2. Define product line strategies: With organization and management input, define product line strategies within the portfolios so they are clear to the organization and the team.  Without Read more […] Related posts: Breaking Through the Ceiling of Your NPD Portfolio Capability Maturity Model for Portfolio and Pipeline Management

Maturing NPD Practices Beget New Processes

Journey from Stages and Gates to Portfolio Management to Product Line Roadmapping. As the field of new product development (NPD) progresses and matures, new processes and practices are introduced. Some grow, mature and level off – or even decline – but their impact leads to the recognition of the next need or gap, and a new process or practice is implemented that takes NPD organizations to the next level of success before leveling off to reveal the next need or opportunity. This can be demonstrated Read more […] Related posts: Maturing NPD Practices Beget New Processes Portfolio Management Makes Way for Product Line Roadmapping