| Portfolio Management |
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Portfolio management is the assessment and prioritisation of new product development project opportunities. Essentially it involves identifying the assessment criteria, applying them to each opportunity and assessing them against each other. At its simplest level it is purely identifying which projects will deliver the best financial results for your organisation, but at a more complex level it needs to incorporate factors like the strategic goals of the business, new market opportunities and technology development. It is very common to find weanesses in an organisation's portfolio management or project prioritisation processes whatever level it is operating at. It is also very common to discover that short term engineering support activities need to be incorporated into the mix. We can help you understand and manage your portfolio of NPD activities by • assessing your business operation and product development needs• understanding your current product development roadmap • developing a tailored framework for management of your NPD portfolio • understanding your engineering support activities • identifying and implementing a prioritisation and resourcing strategy that satisfies NPD needs and the demands for engineering support • carrying out training and facilitating the introduction of the new portfolio management methodology |