Product Funding
Product Funding
The Product Funding capability’s enablers include Product Planning, Product Funding, and Financial Targets. Each capability within the Planview Capability Framework has a distinct set of features and functionality, business processes, best practices, and analytics and reports that deliver value to customers in the form of specific business outcomes.
Product Funding Business Outcomes
Product Planning
- We can define, describe, and categorize the products to be delivered by our organization in order to realize our strategic plan.
Product Funding
- We can define product budgets that represent the portfolio’s investment “pot.”
- We can support investment planning by providing the context of product budgets for analyzing demand and making assessments on our ability to take on new investments.
- We can adjust product budgets as needed to reflect changes in priorities and desired outcomes.
Financial Targets
- We can define the benefits or revenue targets that the product portfolio must yield. This provides further context for analyzing and prioritizing programs and projects.
- We can adjust product financial targets as needed to reflect changing priorities and desired outcomes.
Product Funding Processes
Product funding supports the creation, planning, and approval of an organization's products, and the ability to set time-phased budgets and financial targets (benefits and revenue) for each product. In-flight and potential investments can be analyzed against the budgets and financial targets to assess the organization's ability to take on new investments.
Product Planning Process Steps
This process supports the creation, planning, and approval of the organization’s products.
Product Planning Process Flow
| Process Step | Description |
|---|---|
| Create product |
Create a record of the new product entity in Planview Enterprise One PRM. For more information: |
| Describe and categorize product | After a new product is created, create configuration-specific description and categorization attributes as determined by the organization's data and information needs. |
| Create / manage product roadmap |
Define the target dates and milestones of the product. This allows the product manager to align the product schedule and the schedule of the associated entities that will deliver the product. For more information: |
Product Funding Process Steps
This process supports the setting of time-phased financial budgets for each product, against which planned and current investments can be analyzed and approved.
Product Funding Process Flow
| Process Step | Description |
|---|---|
| Create/manage product budget | Create the product budget. The financial planning detail screen is used to input financial planning, budgeting, and forecasting data. Additionally, financial data can be rolled up from work and strategy to outcome (product). |
Financial Targets Process Steps
This process supports the setting of time-phased financial targets (benefits and revenue) for products against which planned and in-flight investments can be analyzed.
Financial Targets Process Flow
| Process Step | Description |
|---|---|
| Create/manage product financial targets (benefits/revenue) | Capture the revenue targets and benefits of launching the product, against which actual costs can be compared later. All appropriate data should be populated in the financial planning detail screen for the product. |
| Baseline product financial plan |
Following the input or roll up of financial planning budgeting and target data, a financial baseline for the financial plan should be taken to compare and track variances on the product financials through time. |
Related Capabilities
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 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.
Read moreValue Stream Funding
This capability allows organizations to define the value streams required to realize their strategic plan. Lean budgeting is utilized by shifting the funding model to value streams, and benefits or revenue targets the value stream must yield are defined.
Read more
Supported Solutions