Tech-Clarity’s new eBook, An Action Plan to Improve Your Product Portfolio, helps companies start down the path to better product profitability through PPM. The research shares insights on how to recognize the need for PPM, prepare your organization for the PPM journey,determine the potential ROI, and select a software vendor partner. It’s a comprehensive look at how your company can start down the path to better portfolios (and profits).
Please enjoy the summary below, or click the report to download a PDF overview (free of charge, no registration required).
For the full report, please visit our sponsor Planview (free of charge, registration required).
Product Portfolio Management improvements drive top line growth, expand margins, improve corporate agility, and reduce overhead costs. Given the value, is it any wonder that more manufacturers are turning to PPM? Product Portfolio Management (PPM) has become mission critical for today’s product development companies. It helps companies drive strategic value by filling the pipeline with the right ideas, selecting the right projects and products, applying the right resources, and providing the right level of visibility to manage and make good decisions. Benchmarks show PPM processes and technology offer powerful business improvements, including double-digit percentage improvements in:
- Project cycle times
- Innovation capacity
Unfortunately many companies have challenges starting their Product Portfolio Management (PPM) journey. Most organizations are well versed in buying and implementing other enterprise applications like ERP, CRM, or PLM. But most R&D organizations have significantly less experience with enterprise-class PPM solutions than their operational counterparts. As a result, figuring out how and when to get started with PPM is new to many.
This guide is intended to help you get started. Tech-Clarity Buyer’s Guides help lead companies through vendor selection for their critical enterprise applications. For the most part, our guides focus on software, service, and vendor requirements. But several things make acquiring PPM different:
- Many organizations are implementing PPM for the first time (at least on an enterprise scale or with enterprise class business solutions)
- PPM requires a greater degree of domain expertise to implement and adopt
- PPM disciplines, tools, and value are not as well know in most companies (although some might be able to leverage lessons learned from IT Portfolio Management)
This guide offers insights to help companies get started on the path to improve their product portfolios and what to look for when selecting a solution and vendor partner, including:
- Identifying the need for PPM
- Preparing for the PPM journey (and making the business case)
- Selecting a solution and vendor partner