PORTAFOLIO MANAGMENT


Strategic tools to better focus innovation and maximize the value of your product portfolio.
Teamcenter software’s unique set of portfolio management capabilities help companies ensure that they are working on the right innovation projects with the right resources in the right strategic arenas throughout the product lifecycle. You can use these capabilities to make certain that your lifecycle initiatives focus on the right projects and that the operational execution of these projects is properly aligned with a clearly established strategic direction. Teamcenter’s top-down portfolio management approach enables companies to clearly articulate their strategic direction and drive this product strategy through the product pipeline.
Clearly focus on innovation that counts Teamcenter’s portfolio management capabilities provide a strategic tool to help your company focus its energies on doing the right projects, as well as doing the right projects well.
A collaborative infrastructure for portfolio definition and management enables you to establish a formal environment where you can balance an often-dizzying array of brands, product lines, product offerings, product options, technologies, investment opportunities and ideas while making complex portfolio decisions. Within this environment, you can clearly define your company’s high-level strategic goals using weighted strategic objectives, scoring models and performance criteria that outline the relative merits of ideas, projects and programs.
Key portfolio management objectives Recognize and exploit opportunity. Once you define and articulate your high-level strategic goals, you can use Teamcenter to systematically capture and track promising new ideas and concepts as they mature – scoring their performance at each critical stage and gate. At each development stage, you can combine Teamcenter’s automated portfolio prioritization capabilities with what-if modeling and analytical tools to quickly evaluate alternative ideas and select the project mix that is best aligned with your corporate strategy.
This approach ensures that promising ideas and their accompanying data are tracked and managed against a baseline that enables future performance evaluation.
Optimize resources, reduce delay and improve operational efficiency. You can leverage Teamcenter to gain real-time insight into the operational performance of your product pipeline. By tying your portfolio’s strategic objectives to operational project and program tasks, goals and deliverables, your decision makers can quickly determine what is happening “on the ground.”
As a result, you identify struggling projects (based on defined quantifiable measures) and make go/no-go decisions (within formal gated processes) early enough to avoid major losses on your investments. Synchronize and validate alignment. Teamcenter enables you to reconcile the interests and perspectives of all your portfolio’s stakeholders (marketing, development, manufacturing, sales and suppliers) against your company’s strategic portfolio goals. By allowing these key groups to measure their ideas and projects against corporate objectives, your company can balance and reconcile the conflicting requirements of individual agendas.
You can combine these capabilities with flexible approval and workflow processes that can include standard templates to enable these stakeholders to work together in a formal and constructive way. In addition, you can leverage Teamcenter’s program execution management capabilities along with other project management tools to synchronize resource usage and align your performance goals throughout your entire product development process.
Establish a baseline for success. Ultimately, Teamcenter enables you to continually evaluate portfolio, program and project performance against corporate objectives in a meaningful and quantifiable way. By establishing baselines against which you can gauge performance, you can continuously evaluate portfolio performance, identify winning strategies and optimize factors that drive your success. Key functional capabilities Teamcenter enables companies to focus their energies on innovations that deliver business value.
By providing a top-down approach to portfolio management, Teamcenter helps decision makers formulate and articulate a strategic product direction and then leverage this strategy through a rigorously managed product pipeline.
Teamcenter enables decision makers to:
- Make the right innovation investments, by identifying, prioritizing and selecting innovation projects best aligned with your company’s strategic direction.
- Drive the operational execution of these projects, by ensuring that adequate budgeting, scheduling and resources are available to deliver the business results that you expect.
To deliver these advantages, Teamcenter provides the following functional capabilities.
- Collaborative portfolio definition and management allows your organization to create and agree on enterprise or division-wide portfolios and strategy.
- Strategy objective definition enables you to establish weighted strategic objectives, scoring models and metrics-driven performance criteria to assess ideas, initiatives, portfolios and projects for their business potential.
- Formal idea capture and consistent value scoring enables you to systematically capture new ideas, concepts and project candidates.
- You can use Teamcenter process templates to retain and track a project’s associated documentation and manage its workflow-driven review/approval processes.
- Portfolio analysis and review enables decision makers to evaluate and select ideas and projects that maximize the value of your company’s product portfolio.
- Teamcenter allows decision makers to assess project candidates against strategic objectives, as well as against resource, risk, budgetary and scheduling constraints.
- Decision makers can combine automated portfolio prioritization and optimization tools with what-if modeling to quickly evaluate alternative candidates and select the right projects for your company’s portfolio.
- Collaborative workflow and approval processes enable you to implement repeatable and systematic review procedures, signoffs and formal business case management techniques that ensure the involvement and buy-in of all participants.
- Portfolio performance measurement, tracking and pipeline management enables you to set high level business goals, focus operational performance and provide continuous operational performance feedback within staged development processes.
- To deliver this functionality, you can leverage Teamcenter’s operational program execution integration capabilities in conjunction with other tools, such as Microsoft Project.
- Strategic planning links with operational execution enable you to tie Teamcenter’s portfolio management capabilities with traditional product lifecycle management (PLM) capabilities. For example, you can connect customer needs management, requirements management, workflow and change management, team collaboration, document management and records management to support your business processes.
- List Item #1Open integration enables you to integrate Teamcenter’s portfolio management capabilities with key business systems – including ERP, SCM and CRM systems – using standard transfer protocols that ensure decisions are made based on up-to-date and accurate data.
Features:
- Features Collaborative portfolio definition and management
- Definition of strategic business objectives
- Formal idea capture and consistent value scoring methodologies
- Portfolio analysis and review
- Collaborative workflow and approval processes
- Portfolio performance measurement, tracking and pipeline management
- Strategic planning linked to operational execution
- Open integration with key business systems
Benefits:
- Focus more clearly on innovations that count
- Recognize and exploit opportunity by continuously evaluating new and ongoing projects and products
- Optimize resources, reduce delay and improve efficiency by better identifying and facilitating early planning around resource and financial constraints
- Synchronize and validate the alignment between your business objectives and organizational stakeholders
- Establish a baseline for future success and continuous business improvement