How to Prioritize Projects and Streamline your New Product
Portfolio
Prioritizing research and development (R&D) projects in your new
product portfolio is one of the toughest challenges you can face. The
GenSight solution maps onto your stage and gate process, so you can
prioritize from idea to launch. Scorecards and project profiling templates
support you in making objective gate decisions. Because you can see
all your projects in the pipeline, you can make more informed Go/Kill
decisions, so as to maintain the balance and strategic alignment of
your new product portfolio.
Better Stage Gate Management with GenSight PPM for
NPD
GenSight gives you a unique and proven capability to make better Go/Kill
decisions. It’s a core strength of the product – we have
spent the last 14 years successfully helping global organizations make
better decisions on project selection, investment prioritization and
portfolio optimization. GenSight really is the best-of-breed solution.
In New Product Portfolio Management, the biggest challenge is how
to confidently select the right projects. It’s also where you
get the biggest return. Choose GenSight and you will be confident in
your ability to make better stage and gate decisions for your new product
portfolio.
GenSight New Product Portfolio Management – The Complete
Solution
| Module |
Capability |
Project Portfolio Management |
Graphically view total R&D
/ NPD project portfolio.
Clearly see balance by business, goal, project type etc.
Maximize ROI & strategic fit.
Visually model and explore alternative scenarios. |
Stage and Gate Management |
Better decisions – Clear
and simple criteria for feasibility, with more stringent
financials at later stages.
Clear criteria for gate decisions integrated in business
case.
Integrate prioritization into each stage and gate. |
Prioritization |
Objectively prioritize using
multiple weighted criteria.
Identify projects with highest ROI and linkage to strategy.
Combine financial, qualitative and strategic criteria. |
Reporting and Analysis |
Role-based dashboards with
interactive graphical elements.
Real-time analysis to manage value, risk and alignment.
Performance tracking dashboards, by stage, business etc |
Idea Management |
Capture, share and develop
ideas.
Qualify good ideas to develop further. |
Project Management |
Plan and monitor milestones.
Monitor RAG status across time, cost and quality.
Integrates with MS-Project |
Resource Management |
Plan resource requirements
vs capacity, by role or skill.
Optimize portfolio to maximize return within constraints.
Assign named resources to projects, time recording. |
Financial Management |
Full visibility of planned
costs and other financial metrics.
Monitor actual vs planned.
Integrates with ERP financial systems. |
Workflow |
Improves control and monitoring
of gate approvals.
Defines a consistent new product stage and gate process.
Saves time of team members and project managers.
Auto alerts and exceptions reduce risk. |
Document Management |
All project documents stored
centrally and shared globally.
Builds a searchable knowledgebase.
Shared information reduces duplicate or conflicting projects. |
A Proven Scalable Solution for New Product Portfolio Management
GenSight has been implemented globally by blue-chip organizations
across a broad range of industries for new product and project portfolio
management. The 3-tier architecture has been designed for maximum scalability
to support even the largest portfolios that comprise many thousands
of live projects.
The GenSight solution for new product portfolio management is custom
configured to exactly fit your business requirements, with built in
best-practice content and methodology for new product development.
Your organization will quickly become self sufficient and you can manage
the configuration yourself using the GenSight configuration studio
editor.
A recent and typical implementation of GenSight produced savings of
$7.5million in the first six months of operation. The savings have
been independently assessed, and are a significant multiple of total
implementation costs. You can expect dramatic ROI from GenSight.
SOFTWARE KEY
FEATURES: More>
- Portfolio Visualization and Animation
- Multi-Dimensional Portfolio Analytics
- Criteria-Based Decision Support
- Predictive Business Modeling
- Resource Optimization
- Project Tracking and Workflow
Stage-Gate is a registered trademark of Product Development Institute. Stage-Gate Inc. is a Member Company of Product Development Institute.
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