Portfolio, Program and Project Management
Take Financial and Strategic Control of New Product Introduction
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If your company is in the majority, it’s likely that your executives are dissatisfied with the financial returns on investment (ROI) they receive from their innovation initiatives. When you look at the disconnect between Research and Development (R&D) spend rates and business results, you may question the processes used to oversee investment.
In fact, research indicates that some 69 percent of companies admit that their new product introduction processes are not under financial or strategic control. Your operational activities may be headed in the wrong direction for a number of reasons: lack of oversight, limited customer insight, conflicting priorities, communication difficulties and a lack of focus. Worse, your company can be executing on a product portfolio management plan that exceeds financial and resource constraints.
Increase the Overall Return on Your R&D Investment
Teamcenter allows your company to connect its strategic product portfolio plans to project and program management for detailed operational execution. Teamcenter’s portfolio management solution maximizes your R&D investment returns by continuously governing the selection of the right mix of investments. By looking at R&D as a whole, Teamcenter defines a product portfolio management strategy that guides your overall priorities and planning.
Once the portfolio management strategy is defined, Teamcenter’s program and project management capabilities help you organize resources and drive activities to dramatically improve performance. By executing projects against clearly defined goals, your teams can better coordinate their resources to meet the strategic needs of the company. By increasing program visibility and synchronizing activities, you can drive performance and profitability, and increase the overall return on your R&D investment.
Key Capabilities and Benefits
Portfolio, Program and Project Management Solution Capabilities
- Product portfolio management to balance brands, product lines, product offerings, product options, technologies, investment opportunities and ideas
- Ideation and idea management to score, filter, prioritize and control
- Program and project management including schedules, work tasks, dependencies, milestones, baselines and constraints
- Program management integrated with product lifecycle processes to automate execution signoffs and workflows
- Resource, budgeting and business performance management to control costs and investment
- Strategic planning linked to operational execution (customer needs management, requirements management, workflow and change management, collaboration, document management, records management, work breakdown structures, etc.)
Portfolio, Program and Project Management Solution Benefits
- Improve productivity with a baseline for continuous improvement
- Prioritize resources and investments to drive innovation
- Make better decisions to select and manage future programs
- Reduce the time and effort required to build and reforecast budgets
- Coordinate and drive interrelated activities according to goals, gates, timelines and targets
- Align program and project execution with strategic needs of company
- Streamline activities throughout the product lifecycle
