Product Portfolio Management
Product Portfolio Management
Planview’s Product Portfolio Management solution enables organizations to better align their product portfolios to their innovation strategy and ensures that the right resources are available to deliver the most innovative, profitable, differentiated products to market, on time and on budget.
Your Maturity Journey
Planview’s Product Portfolio Management journey is a transformative guide for organizations who want to mature their practices around the management, prioritization, and continuous innovation of products in development. The maturity journey is organized into five progressive stages; each stage has a distinct area of focus and is tied to specific capabilities and business outcomes. Every customer journey is unique, depending on the current and desired level of maturity. In the final stages of the journey, organizations can ensure products in development maintain their release schedule and stay aligned to business strategy; organizations also gather input from customers, build product roadmaps, optimize their product portfolio, and manage the execution of bringing products to market.
Portfolio and project management is the foundation of product portfolio management. Organizations at this stage are often leveraging multiple tools to track work, so the focus here is on streamlining the prioritization and planning process. Start here if your goal is to simplify the analysis of products and projects against criteria such as technical viability, financial impact, resource capacity, complexity, risk, and commercialization success.
Product Portfolio and Pipeline Planning
This capability supports a clearly defined process to initiate business requests, and creates a consistent intake process for new investments. It ensures the appropriate gated process is applied to projects, programs, and products.
Read moreFinancial Planning
This capability supports the planning and management of financial plan information connected to products, programs, and projects, including the creation of high-level estimates as well as approved and baseline budgets.
Read moreCost Management
This capability supports the planning and management of financial costs, such as costs to date, forecasts to complete costs, and variance reporting against financial plans for products, programs, and projects.
Read moreWork Management
This capability provides managers the ability to develop a work plan, view and manage all work details, define and classify risks, issues, and change requests, track and manage project delivery, and provide reports on the overall status and health of projects.
Read moreResource Management
This capability provides a single repository of resource availability information to an organization. Managers can track and manage assignments of named resources to forecast future demand. Time reporting information is also collected.
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In the product strategy stage of the maturity journey, alignment occurs between an organization’s product investments and its business strategy and objectives, with the goal of realizing the organization’s strategic outcomes. Start here if you are ready to connect products, programs, and projects to your organization’s strategic plan and business objectives.
Roadmapping
This capability allows product managers, program managers, and business leaders to translate strategic ideas into a tangible timeline of business outcomes and deliverables. Roadmaps are used to set direction and expectations and maintain clear communication throughout delivery.
Read moreProduct Funding
This capability supports the creation, planning, and approval of an organization’s products, and the ability to set time-phased budgets and financial targets for each product. Current and potential investments can be analyzed against financial targets.
Read moreProgram Management
This capability supports the monitoring and management of program roadmap realization by tracking the status and health of programs. Data rolled up from dependent projects is used to update the roadmap, manage program delivery, and communicate with stakeholders.
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Portfolio optimization enables teams to develop dynamic plans that are continually informed by strategy and key results. This allows product portfolios to adapt quickly and continuously to meet and exceed customer demands, market changes, product innovation, and competitive threats. Start here if your goal is to align and rank investments based on your organization’s priorities, decide which products to enhance, continue, or sunset, and reallocate funds and capacity accordingly.
Capacity Planning
This capability provides the mechanism to set resource capacity targets which can be used to analyze capacity against demand and assess the organization’s ability to continue with existing investments or adopt new investments.
Read morePrioritization and Scenario Analysis
This capability provides the ability to compare, assess, prioritize, and rank all your potential and existing investments before the approval of your overall portfolio plan. The creation and comparison of what-if scenarios is supported to inform investment decision-making.
Read moreBenefits Realization
This capability provides the ability to monitor and manage your product’s expected benefits, revenue, and overall achievement, allowing you to make better decisions on which products to enhance, sunset, or continue to support.
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The process automation and agility stage focuses on improving time to market by automating product development processes and supporting smart products. Teams are empowered to work collaboratively across different methodologies to do what works best for them. Start here if your goal is to use an automated system that serves up the next process step using a standardized template, provides portfolio visibility by tracking progress and assessing efficiency, and supports your team’s working preferences.
Product Portfolio and Pipeline Planning
This capability supports a clearly defined process to initiate business requests, and creates a consistent intake process for new investments. It ensures the appropriate gated process is applied to projects, programs, and products.
Read moreProject Team Delivery
This capability provides teams a collaborative, productivity-focused workspace with integrated Kanban boards, as well as a centralized document management solution. Key project status and KPI information is sent to project managers and the portfolio for reporting and analysis.
Read moreAgile Team Delivery
This capability empowers your team to execute work according to their preferred methodology and processes with customizable Kanban boards. Integration of agile team tools is supported so your team can work how they want while seeing all planned and pre-planned work.
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Innovation culture captures the voice of the customer by engaging with employees, customers, and partners to generate new ideas and products. In this final stage of the journey, organizations collaborate on the most innovative and profitable ideas, driving the best ideas to the top of the list, and discarding nonviable ideas early on. Start here if your goal is to foster a culture of collaboration and ideation to uncover innovative solutions to business and product challenges.
Additional Resources
- This solution demo gives an overview of Planview’s Product Portfolio Management solution and its supporting capabilities.
- Map your organization’s maturity journey using this self-guided Planview Product Portfolio Management Maturity Journey Workshop.
- Read about which product portfolio management solution capabilities and functions can help you overcome challenges in today’s marketplace in the Essential Buyer’s Guide for Product Portfolio Management Solutions.
- Planview’s team solutions maintain a seamless connection between strategic priorities and work at the team level. Find out which module is right for your team.