New Product Portfolio Management

Do the Right Projects…

Project Portfolio Management (PPM) is at the heart of what we do. It’s our core focus. In the field of Project Portfolio Management we have an enviable reputation gained by delivering world class software implementations to some of the best and largest corporations in the world. 

We have a 16 year record of success developing and refining our software solution to meet the most demanding of requirements for Project Portfolio Management. Our clients include many of the largest corporations in the world. In a recent assessment conducted by Fortune 500 companies, GenSight is rated as the best-in-class provider of Project Portfolio Management software and consulting.

Our approach differs from others. Our company founders each have over 20 years experience in portfolio management. This deep understanding of the business process of Project Portfolio Management enables us to provide our clients with solutions that deliver dramatic benefits, quickly. Our best-in-class software is backed up by expert consulting support.

GenSight is fully certified as Stage-Gate® Ready, and is 100% compliant across all three areas of Idea Management, Idea to Launch, and Portfolio Management. The Stage-Gate methodology, developed by Dr. Robert Cooper, is widely accepted as the worlds most proven approach to new product development.

How to Prioritize 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.

For Executives
• Align activity to strategy
• Monitor R&D/NPD performance
• Prioritize investment
• Maximize ROI


For Managers
• Better stage and gate decisions
• Real-time view of all projects
• Faster time-to-market
• Clear priorities


For Team Members
• Information sharing and collaboration
• Project knowledge base
• Saves time on reporting
• Clear priorities and tasks

Integrated stage and gate support
• Workflow management
• Electronic signoff
• Exception alerts
• Document management
• Project status tracking


Real-time Interactive dashboards
• Senior management dashboards
• Project/Resource dashboards
• Portfolio analytics
• Risk assessment


Prioritization
• Graphical decision support
• Scenario planning
• Resource requirements planning
• Resource allocation and time recording


High performance web based system
• Role based security access
• MS Project integration
• Proven technology platform
• Supports thousands of projects/users
• Fully configurable to your NPD process

GenSight for New Product Development enables you to:

• Track all projects in New Product Portfolio, and Research and Development Portfolio
• Prioritize effectively
• Make better stage gate PPM and prioritization decisions
• Optimize product portfolio balance - by market, stage, technology, strategy etc
• Focus resources on the winning projects
• Reduce time to market
• Increase competitive advantage

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.