As companies are faced with an increasing need to grow, the number and depth of decisions that need to be made also increase. Many of these decisions have a significant impact on future growth and opportunities. There must be a mechanism in place to confront the ability to practically and pragmatically assess, develop, implement and manage investments from inception through retirement. Business performance is dependent on a consistent portfolio management process that begins within R&D, and strongly influenced by governance, business strategy, and solid execution. Choosing how to optimize limited R&D resources that will contribute to business performance from a wealth of options is an evolving “art” and “science” and represents a tremendous challenge for many companies.
Portfolio management is an ever changing best practice and critical process for companies. Priority areas of concern to management include but are not limited to: Successful delivery of projects that are aligned to the business strategy and contribute to the growth objectives of a company; Applying metrics to assure visibility and transparency during all phases of investment; Enhancing governance Communication and closely collaborating with other areas of the business; Understanding the most important qualitative and quantitative tools to use
