Product Portfolio Management Leaders Integrate Nova Methodology into Planview Enterprise and Planview PRISMS
via BusinessWire - AUSTIN, Texas - Planview, leaders in portfolio management, and Kalypso, the premier innovation consulting firm, are bringing cutting-edge practices in innovation management to product-driven organizations. Planview has integrated Kalypso’s Nova, a practical, results-oriented model for driving improved product development performance, into its acclaimed portfolio management (PPM) solution.
The integration of the Nova model into Planview Enterprise, a comprehensive planning and execution platform with real-time analytics, reporting and automated process management, offers companies an end-to-end product portfolio and pipeline management solution. Nova content for PPM is also available in Planview PRISMS, an industry-leading resource and customer portal allowing Planview customers to easily access proven expertise on optimizing the innovation process.
Analysts’ Perspective:
“In product portfolio management, companies need a tool that lets them make the right business decisions and be responsive to market opportunities,” said Jim Brown, president and veteran analyst, Tech-Clarity. “Incorporating leading practices with the right solution, such as Nova’s integration into Planview Enterprise, provides innovation-focused companies with a platform to accelerate and continuously improve their product portfolio management performance.”
PPM is maturing in product development organizations as the tension between the need to innovate and resource constraints continues to be a top challenge in today’s economic climate. The maturation of PPM is further validated In Gartner’s Hype Cycle for Manufacturing Product Life Cycle and Operations Management report, July 2011 by Simon F. Jacobson, Marc Halpern and Leif Eriksen. PPM is cited as one of the “top priorities” for manufacturers during the next five years.
Key Benefits:
Nova provides a practical methodology to accelerate the effectiveness of the innovation process, integrating portfolio, phase gate, resource and idea management. With key metrics, reports, valuation techniques, business process flows and decision-making structures preconfigured into Planview Enterprise, organizations are able to incorporate leading practices in product development and innovation right from the start.
Key features of the Nova model within Planview Enterprise include:
- Idea and project evaluation criteria
- Portfolio and resource reporting, analysis and optimization techniques
- Governance and decision-making structures
The Nova model also comes with a unique implementation approach that begins with a characterization of a company’s existing innovation platform. This step helps validate the model and drives value through visibility faster than might otherwise be possible with a more traditional implementation approach.
What We Say:
“Competitive and economic pressures require that companies constantly evaluate their product portfolio. The Nova for PPM methodology provides Planview Enterprise with a pragmatic, rapidly deployed framework for portfolio assessment. As a result, companies will immediately catapult their performance by maximizing the return on their product pipelines,” said Patrick Tickle, executive vice president of products, Planview.
“To be successful implementing PPM, companies need to focus on the information, processes and people in the equation. Our predefined practices and analyses are an excellent complement to Planview Enterprise. This solution allows our clients to extract value quickly with leading practices in innovation built into the product,” said Bill Poston, Kalypso’s managing partner.
The Technology:
Planview Enterprise helps companies improve product development by automating the ideation process, optimizing product and roadmap planning, improving time to market, mapping regulatory requirements and providing transparency into the true cost of product development. Further, customers of Planview will benefit from PlanviewPRISMS.com, a dynamic, interconnected training, e-learning and best practices exchange portal now featuring Kalypso’s preeminent strategies for maximizing product innovation and pipeline value.
Nova is a practical innovation management model based on Kalypso’s years of hands-on, global experience across industries. Nova is designed to rapidly improve an organization’s pipeline visibility, develop practical management processes and facilitate strategic innovation planning.
About Kalypso
Kalypso is the world's premier innovation consulting firm, helping clients improve performance, drive profitability and create sustainable results by delivering on the promise of innovation. The people of Kalypso are leading business professionals who combine unparalleled expertise in innovation, product development, and product lifecycle management (PLM) with a depth of experience in the consumer goods, high technology, manufacturing, medical device, life sciences and retail industries.
About Planview
Planview helps enterprises drive innovation, become more agile and efficient, and improve their business performance. For more than 20 years, leading organizations have been making better decisions using our solutions to optimize the planning and execution of their business strategy. As the market leader in portfolio management, we combine a passion for customer success with a commitment to innovation and thought leadership. Throughout the enterprise, our customers use portfolio management to capitalize on business opportunities and thrive in a dynamic, global economy.