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25 05, 2020

No Time Like the Present: Finally Ready for a Single Source of Truth?

By |2020-06-01T12:19:54-08:00May 25th, 2020|Blog|0 Comments

Almost daily, we hear from companies that they want to create “a single source of truth” for R&D portfolio management at their company. Software providers list “single source of truth” as a key feature of their products. And, in the midst of our months-long shelter-in-place, leveraging the collective wisdom of the company to make critical R&D decisions is harder than ever, adding urgency to the need for a single-source of truth.

Like many buzzwords though, “single source of truth” is in need of some clarity: What is it, how do I get one, and is it enough?

If you’re still downloading data to Excel each week so you can update your PowerPoint deck, you’re not reaping the benefits of a single source of truth

What Is a Single Source of Truth?

A “single source of truth” is that one place everyone can turn for decision-relevant information on internal initiatives. It is a compelling alternative to spreadsheets, slide decks, and the other assorted, incomplete, and out-of-date documents scattered hither and yon throughout a company. A single source of truth is different from those other records in several ways: (more…)

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22 05, 2019

Making Portfolio Management a Competitive Advantage

By |2019-05-22T16:55:16-08:00May 22nd, 2019|Blog|1 Comment

Many companies invest heavily in their project management processes and tools, improving their ability to keep initiatives on-time and on-budget. However, project management pays dividends only if the projects you’ve chosen to undertake have intrinsic value, are aligned with your corporate goals and have sufficient resources invested to take them across the finish line.

Ensuring you are working on the right projects is the raison d’etre of portfolio management.  If your organization carefully chooses projects that balance risk and reward, short- and long-term returns, novel and established technologies, and new and mature markets, you’ll dramatically increase your chances of creating meaningful growth and delighting more and more customers.

In the webinar below, we review some of the best practices in portfolio management from both a process and a tools perspective. You’ll learn:

  • How little data is required to begin practicing effective portfolio management
  • The operational views of project milestones and funding allocation that effectively summarize your portfolio plans
  • How to perform real-time strategic capacity planning that avoids getting bogged down by details
  • Why variance analysis is the key to delivering portfolio insights, and how to do it
  • How scenario analysis can help you across a wide range of decisions from the most tactical to the most strategic and long-term

 

After the webinar, keep learning with these posts:

  1. Comparing and constrasting with waterfall charts
  2. Portfolio management takes less data (and effort) than you think
  3. Innovation starts with a strategy (right?)
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