Six Symptoms that Signal a Need for Portfolio Management- Valutrics

Companies without effective PPM are in a precarious situation. Many of the problems overwhelming product development initiatives are directly related to poor portfolio management. If any of the following symptoms appear within your organization, you need to improve your portfolio practices:

1. Far too many projects for the available resources, leading to increased time to market and higher failure rates
2. Logjams of projects, leading to increased cycle times, slower times to market, and poor product quality
3. Too many mediocre projects, leading to underwhelming launches and too few exceptional product winners
4. Too many projects failing, leading to poor growth from innovation
5. Lack of a rigorous selection criteria, leading to projects being selected for all the wrong reasons
6. Projects lack strategic direction, leading the organization to an unknown destination

If any of these symptoms sound too familiar, look to improved portfolio management as a solution. PPM is fundamental to successful new product development. It works to ensure a balanced portfolio that is both full of high value projects and aligned with your business strategy. By addressing the symptoms above with portfolio management, you can avoid the devastating end result of poor new product performance. rvices.