Program and Portfolio Management

Drive innovation, optimize collective value, manage risk, and make trade-off decisions across a set of programs while ensuring alignment with strategic objectives.

Best Practices: Key Program and Portfolio Management Process Improvements Enabled by PTC Capabilities

Best Practices
  • Project portfolio pipeline management: Maintain a healthy balance of project investment and resource allocation across different sets of business dimensions most important to your business or product portfolio.
  • Systematic NPD process execution: Systematically execute new product development (NPD) processes with well-defined decision points, evaluation criteria, performance measures and project deliverables. Reduce risk for different types of product development initiatives (e.g., new product, technology, platform development).
  • NPD Gate Meeting management: Systematically capture business decisions, executive acknowledgements and scorecard baselines to make critical program decisions transparent and accessible for future reference.
  • Performance measure standardization: Standardize the key performance indicators (KPIs) used to manage and measure NPD efforts so as to assess project performance at Gate Meetings and evaluate projects during portfolio analysis.
  • Resource demand management: Proactively identify generic resource requirements for proposed product development efforts to provide better visibility of program needs, reduce potential conflicts, and improve portfolio analysis and project selection.
  • Organization capacity and skill management: For any given organization, product family or product development group that draws from a shared pool of resources, identify generic product development capacity and classify the capacity according to role or skill set so as to support capacity-based portfolio optimization.
  • Capacity-based portfolio optimization: Proactively assess scenarios for allocating and balancing generic resource capacity within or across portfolios. Allocate capacity and balance portfolio optimally.
  • Objective-based project prioritization: Measure the impact of proposed and existing product development projects against weighted business drivers to prioritize projects based on alignment with these objectives.