{"title":"Dynamic Portfolio Management for New Product Development","authors":"R. Cooper, A. F. Sommer","doi":"10.1080/08956308.2023.2183004","DOIUrl":null,"url":null,"abstract":"Overview: Effective portfolio management is vital to maximizing the value of the business’ new product development (NPD) portfolio; it is also one of the weakest facets of NPD. Ongoing evaluation tends to be backward looking and process focused, and business cases are not updated with real time and more reliable data. A dynamic portfolio management approach is one solution, including the use of the Productivity Index (PI). Building in multiple iterations to get updated and robust data improves estimates of financial value and the PI. And since the value of a project depends on many factors, we present a multidimensional Value Based Scorecard that we developed using proven, research-based criteria, that companies can use to select and prioritize NPD projects effectively.","PeriodicalId":54489,"journal":{"name":"Research-Technology Management","volume":"517 1-2 1","pages":"19 - 31"},"PeriodicalIF":1.7000,"publicationDate":"2023-04-20","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":"1","resultStr":null,"platform":"Semanticscholar","paperid":null,"PeriodicalName":"Research-Technology Management","FirstCategoryId":"91","ListUrlMain":"https://doi.org/10.1080/08956308.2023.2183004","RegionNum":4,"RegionCategory":"管理学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":null,"EPubDate":"","PubModel":"","JCR":"Q3","JCRName":"BUSINESS","Score":null,"Total":0}
引用次数: 1
Abstract
Overview: Effective portfolio management is vital to maximizing the value of the business’ new product development (NPD) portfolio; it is also one of the weakest facets of NPD. Ongoing evaluation tends to be backward looking and process focused, and business cases are not updated with real time and more reliable data. A dynamic portfolio management approach is one solution, including the use of the Productivity Index (PI). Building in multiple iterations to get updated and robust data improves estimates of financial value and the PI. And since the value of a project depends on many factors, we present a multidimensional Value Based Scorecard that we developed using proven, research-based criteria, that companies can use to select and prioritize NPD projects effectively.
期刊介绍:
RTM is the leading peer-reviewed journal focused on the practice of innovation. We publish articles that map the cutting edge in R&D management, illustrate how management theory can be applied to real-world challenges, and give R&D managers the tools to promote innovation throughout their organizations. RTM publishes both quantitative and rigorous qualitative work, including case studies, descriptions of new practical models, and paradigms for understanding and fostering innovation. We are interested in a wide range of topics in innovation and technology management, including:
• Product development processes and strategy
• R&D portfolio management
• R&D performance metrics
• Management of technical and creative people
• Strategy and innovation
• Global innovation
• Innovation and design, including design thinking
• Innovation and organizational culture
• Innovation and sustainability across the triple bottom line
• New modes of innovation, including business model innovation, corporate entrepreneuring/intrapreneuring, and various forms of open innovation
• Intellectual asset management
• Innovations of manufacturing, including Industry 4.0
• Security, ethical, and legal challenges associated with emerging technologies and innovation nodes
• Emerging trends reshaping R&D and innovation into the future