How Product Portfolio Management Really Works

by Jenna Dudevoir on May 26th, 2010

Today we hosted a very successful webcast with our partner Sopheon on "Practical Portfolio Management: How it Really Works." The premise for this webcast was to show participants how to take a practical, real-world approach to product portfolio management (aka PPM). Our guest speakers Bill Poston and Jeanine Vincent of Sopheon focused on demonstrating 6 specific practices that can add the most value with the least amount of effort:

1. The proper role of portfolio scoring systems
2. Priority buckets versus force ranking
3. Resource capacity planning versus bellybutton-level allocation
4. Project task management versus phase-gate automation
5. The limited value of time tracking in product development
6. Evaluation criteria: more is not necessarily better

Other key takeways included snippets of advice such as:

• Learn the mantra, “complexity is the enemy”
• Adopt a “get started and get better” approach
• This is a management discipline, not just a tool
• Understand that this is a journey…it takes several quarters, if not years, to get really good at this

 

To download a copy of the slides visit http://kalypso.com/landing/ppm/.

Topics: Bill Poston, Blog, Phase-Gate, Portfolio Management, Portfolio Prioritization, Portfolio Scoring Systems, PPM, Product Development, Product Portfolio, Product Portfolio Management, Sopheon