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Product Portfolio Management

Changing the Game with Innovation that Works


What to Expect at PIPELINE 2013 and Four Reasons to Attend

I am very excited to announce to all our Product Pulse readers that PIPELINE 2013 registration is open! This year's conference is all about "Changing the Game with Innovation that Works." As innovators, we know that inspiration is only a piece of the puzzle — and that's where PIPELINE comes in. Read the latest press releaseChanging the Game With Innovation.

Now in its fourth year — the online conference for innovative product development highlights innovation tools, techniques, and tangible takeaways shared by thought leaders, solution providers, and innovation practitioners. And for the first time, PIPELINE will feature several presentations in both German and English to appeal to its diverse and growing global audience. PIPELINE 2013 showcases keynote presentations:

  • Terry Jones, chairman of Kayak.com and founder /former CEO of Travelocity.com will speak about Turning on Innovation in Your Culture — Teams and Organizations
  • Frans Johansson, innovation author and founder/CEO of the Medici Group will discuss The Click Moment: Seizing Opportunity in an Unpredictable World
  • Dr. Oliver Gassmann, innovation author and director of the Institute for Technology Management of the University of St. Gallen will speak about The Art and Science of Innovation (Presented in English and German)

PIPELINE 2013 will take place May 16th and opens at 4:30 AM CDT / 9:30 GMT with the first presentation kicking-off at 5:00 AM CDT /10:00 GMT followed by an assortment of informational and inspiring presentations running throughout the day. The conference will conclude at 2:30 PM CDT / 19:30 GMT so mark your calendars, select what you want to attend, and don't miss this extraordinary event.

Four reasons you should attend PIPELINE 2013:

  1. It's free to attend; no travel required.
  2. Connect and network with product leaders and innovators from organizations from all around the world!
  3. Get valuable insight and gain knowledge from PIPELINE's impressive lineup of speakers and sponsors.
  4. Leave the event feeling inspired and motivated and lead the innovation strategy within your organization.

As the host sponsor of PIPELINE, we will share conference updates and feature articles from PIPELINE speakers and sponsors, right here on Product Pulse. Read Kaylee Kolditz's article titled, Lighting the Way to a Brighter World Though Innovation at PIPELINE 2013 on the PIPELINE Buzz page. Want to know more about the event? Watch this video for a quick overview.

What are you looking forward to most at PIPELINE 2013? Share by leaving a comment below. I look forward to seeing you at the event.

Four Recommended Articles for Product Development Success


As we quickly transition into the second quarter of 2013, I wanted to share several informative articles from some terrific innovation publications including Innovation Management, Enterprise Apps Today, and Intelligent HQ. A couple of the articles feature insights and recommendations from the newly released Resource Management and Capacity Planning Benchmark Study; another promotes continued awareness and best practices for meeting launch windows and getting products to market faster, and the last shares key ways to improve your decision making process.

  1. Product Portfolio Management: Getting Products to Market Faster
    Featured earlier this month in Enterprise Apps Today, this article provides insight based on last fall's Issue In Focus: Meeting Product Launch Windows research report. Jim Brown, president of Tech-Clarity, shares how product portfolio management software can help organizations more quickly launch new products.

    Read the article on Enterprise Apps Today.
  2. From Chaos to Control: New Research Reveals the Global State of Resource Management and Capacity Planning
    This article reviews the results from the Resource Management and Capacity Planning Benchmark Study, identifying best practices to avoid wasting resources on the wrong opportunities.

    Read the article on InnovationManagement.se and learn how to help your organization stop wasting resources.
  3. Interview with Planview: How does your company's maturity level impact innovation?
    IntelligentHQ interviewed Jerry Manas, bestselling business author, and Maureen Carlson, chief researcher, to get a behind-the-scenes look at the Resource Management and Capacity Planning Benchmark Study.

    Access the interview on IntelligentHQ and gain insight into your company's maturity level.
  4. Equipped to Face Tough Portfolio Decisions in 2013
    As part of the eLearning program with InnovationManagement.se, this article revisits the three things your product organization can do to improve decision making this year.

    "If you manage a product portfolio, it's likely you have tough decisions to make in 2013. How will you make the tradeoffs, such as killing underperforming products and funding new ones? Do you have the data to make the right decisions?"

    Continue reading on InnovationManagement.se.

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An Interview with Carrie Nauyalis on the Stage-Gate Innovation Summit


The annual Stage-Gate® Innovation Summit 2013 recently wrapped up in Miami, leaving attendees with much to think about when it comes to implementing best practices around product development processes. The conference is directed by innovation champions from leading companies and promotes the sharing of ideas that enable immediate improvements in the gated process. Carrie Nauyalis, new product development solution evangelist, Planview, attended the conference for her fourth year and shares her experience with you, right here on Product Pulse.

Q: Having attended or sponsored the Stage-Gate Innovation Summit four times, what keeps you coming back?

Carrie: The Stage-Gate brand is known worldwide and there is so much depth under the methodology. The conference is an outlet for the experienced to share lessons learned with the newcomers trying to develop their process. I am always impressed with the culture of cooperation at the conference. Speakers reveal their best practices, and aren't ashamed to admit their mistakes and what they would do differently ‒‒ that's where the real benefit comes. I also appreciate the opportunity to speak with the presenters, collaborate with others to see how they are doing things, and meet people going through similar issues. You walk away inspired and enthused to get back and tweak your process.

Q: What types of people attended the conference this year?

Carrie: The conference is truly a span of people ranging from Stage-Gate newbies to companies with 10 years of Stage-Gate process under their belts. Everyone there is either a practitioner of Stage-Gate or the beneficiary of the process, meaning they may not directly use the process but they have teams of people under them who do. Both practitioners and beneficiaries glean valuable information based on their business initiatives.

Q: What presentations stood out for you this year?

Carrie: Chester Baker, head of global innovation at Abbott Nutrition, offered staggering statistics about ROI, which is critical when investing people and money in process development and portfolio management. When you consider the cost of paying gate keepers to take time out of their schedules to evaluate projects going to gate and all of the process managers chasing gate deliverables, you want to see returns. Chet illustrated that it's not just about implementation of Stage-Gate or a portfolio management solution like Planview Enterprise, but a collective innovation program with the goal of growing the company.

Of course, Scott Edgett, co-founder of Stage-Gate International, had some wicked-good stats of his own. He said that only one out of every nine concepts becomes a commercial success and 40% of a firm's product development resources go to losers; shocking! That's a lot of failed concepts that drained a lot of valuable resources ‒‒ and a lot of missed opportunities. I truly believe using technology like Planview's can increase the odds, reduce the number of resources applied to losers and increase the commercialization success of products. That's the stuff that gets me up in the morning.

Finally, Bruce Kerr, director of corporate innovation effectiveness at Corning, discussed the evolution of their gated process. He "got" that it's about continuous improvement versus a one-time fix; finding new ways to streamline the process and get better products to market faster. Interestingly, he was one of the only speakers who mentioned social media as part of their product development process. Social media can play a huge role in product development and more companies need to consider it.

Q: What were your key takeaways?

Carrie: 1) Continuous improvement in the Stage-Gate process is critical. You’re never "done." 2) Consumer-facing product companies have an opportunity to incorporate their brand into their Stage-Gate and portfolio processes. Marketing needs to get involved by incorporating brand information into the product development process and portfolio prioritization process. 3) The successful companies have automated their processes using commercialized applications, not spreadsheets. Spreadsheets aren't going to get you there.

To learn more about automating the Stage-Gate Process with Planview Enterprise download your copy of the Planview Enterprise is Certified Stage-Gate® Ready Solution Brief.

I'd like to hear from you. If you attended the Stage-Gate Innovation Summit, share some of the highlights that inspired you. If you didn't attend, what are some key takeaways you had at a product development or innovation conference this year? Share by leaving a comment below.

Reading List for Product Development Professionals


February featured some interesting news and views pertaining to product development and innovation, and we're excited to share some of our favorites. Each month we will share articles we find particularly compelling, fun or insightful here on Product Pulse. We invite you to bookmark the ones you like or add them to your reading list ‒‒ happy reading.

Innovation Excellence Weekly Issue 21: This SlideShare provides Innovation Excellence's pick of ten recent articles. With topics such as Jimi Hendrix for Innovators and Can a Company Over Innovate?, we think you'll enjoy the read!

Forbes: The 3 Ways Innovation is Changing (And How to Adapt Fast): Innovators and product development leaders need to think about the shifts taking place and respond accordingly. Check out the top 3 changes being faced (be sure to read the article to understand implications and required responses):

  • Change #1. The very long-term innovation environment
  • Change #2. Innovate everywhere, always
  • Change #3. Innovate the processes

Innovation Management: Wearable Technology ‒‒ From Geek to Chic?: What will they think of next? Check out wearable technology that integrates the power of smartphone technology into wristbands or smart watches, smart glasses, jewelry, and clothes ‒‒ even tattoos and soon contact lenses (wow)! Big brand players include Apple, Google, Olympus, Sony and Nike along with not so well-known companies such as Pebble, mc10 and Recon Instruments. Read how 2013 is the kicking off wearable technology and its potential growth projections.

You can share some of your top choices for newsworthy articles with our Product Development audience by providing a link and comment below.

The Global State of Resource Management and Capacity Planning [Infographic]


In a recent blog post, Are Your Limited Resources Focused on the Right Opportunities?, Maureen Carlson, chief researcher of the Resource Management and Capacity Planning Benchmark Study, cites key findings and introduces the study's maturity matrix that you can use to evaluate the maturity of your organization.

2013 Resource Management and Capacity Planning Benchmark Study InfographicOne revelation is that a great majority of organizations have shared resources across their enterprise, but less than half of them have a dedicated function or role for resource management and capacity planning. Not surprisingly, the ones who do are achieving the most success in terms of resource planning maturity.

Overall, greater visibility of demand and capacity, better demand prioritization, and the ability to adapt to change are cited as key enablers to success. The comprehensive study, which features input from more than 600 participants in more than 17 countries, goes into greater detail and makes recommendations for boosting maturity.

With 44% of respondents from product development, the study sheds a light on the most significant pain points and causes, business risks, software use, and best practices ‒‒ for not only PD but cross industry.

Read the complete blog on Portfolio Perspectives and get your complimentary copy of the report from our 2013 Resource Management and Capacity Planning Benchmark Study page.

"Many organizations are continuing to operate in a state of chaos or limited visibility into what their resources are working on today and what they are available to do tomorrow. A third of organizations have achieved some level of visibility…" Read more about the Resource Management and Capacity Benchmark Study

Stay tuned to Product Pulse for details from product development respondents and follow #RMCP13 to join the conversation on Twitter.

I'd like to hear from you. How are you currently managing your resources and capacity to ensure your people are working on the right opportunities? Post a comment or ask me a question pertaining to the research by leaving a comment below.

Carlson, M. (2013). Resource Management Capacity Planning Benchmark Study. Planview.

Top Innovation and Product Development Resources of 2012


Revisiting Wisdom from Analysts, Thought Leaders, and Practitioners

Happy New Year! As we kick off 2013, I thought it would be helpful to share some of the most popular innovation and portfolio management resources of 2012. These whitepapers and Webcasts feature analysts, thought leaders, and practitioners sharing their wisdom and experience to help us make better, more informed decisions and optimize our limited resources.

Here are five most widely read (and viewed) resources:

  1. PDF: Issue in Focus: Meeting Fixed Product Launch Windows, Managing Portfolios When Time to Market is Non-Negotiable
    In this research report, Jim Brown, president of Tech-Clarity, addresses the critical nature of hitting launch windows and provides insight from successful companies as well as tips for improving the odds of success.
  2. Video / webcast: On-Demand Webcast: Building and Managing an Innovation Portfolio
    Hosted by best-selling business author Jerry Manas, featuring Chip Gliedman, vice president and principal analyst, Forrester Research, Inc. and Carrie Nauyalis, NPD solution market manager, Planview, this webcast provides insights to help you build and manage your innovation portfolio.
  3. PDF: Ten Proven Military Strategies For Better Resource Planning: Avoiding Custer's Last Stand
    This latest whitepaper from Jerry Manas explores 10 timeless military strategies ‒‒ tried and tested over thousands of years ‒‒ that can be effectively applied toward modern day resource planning.
  4. Video / webcast: On-Demand Webcast: How Technology-Enabled Visibility Lets You Prioritize Products and Optimize Resources
    Find out how product portfolio management (PPM) technology enables organizations to optimize their limited people and financial resources to achieve their product delivery objectives. Featuring Planview, Isabel SA, and Frost & Sullivan.
  5. PDF: The 3rd Product Portfolio Management Benchmark Study
    With input from more than 1000 product development executives and managers over the last three surveys, this report provides insightful statistics and informative data on the state of product portfolio management along with thought-provoking recommendations for all product development organizations.

Continue the Conversation Online

We're actively engaged in social media connecting product developers and practitioners to the latest news and information in innovation and product portfolio management. Join the conversation by:

Are there other materials that provided you important guidance in 2012? Please use the comment section below to share your favorite white papers, Webcasts, blogs, etc.

Whose Job is Innovation?


Coffee Talk: The Product Portfolio Mavens Live from University of Texas in Austin, Texas

Howdy! We continue our "Coffee Talk" video series on the Planview YouTube Channel -- all about the latest news and trends taking place in innovation and Product Portfolio Management (PPM). This month's "Talk" comes to you from the University of Texas Campus in Austin where the Product Portfolio Mavens share insights discussed during the innovation workshop offered at Planview's user conference and from the recent PDMA PIM conference.

The "Integrated Innovation: Making Innovation Everyone's Job" workshop, generated a lot of dialogue. In the "Talk" the Mavens offer key takeaways presented in their own unique way. Some comments they share:

Coffee Talk: The Product Portfolio Mavens Live from University of Texas in Austin, Texas
Pamela Soin and Carrie Nauyalis

"You gotta have executive support to run your innovation program."

"Closed-loop learning is so important."

"Process is not just for process sake."

View the "Talk" to learn the outcome of the resource management discussion. You'll also find out more about Carrie's time at PDMA's PIM Conference and what inspired her about comparisons between companies that are the best versus the rest!

Check out these quick links to learn more on the topics the Mavens cover this month:

Have suggestions for future Coffee Talk locations? Know a hot topic you'd like the Mavens to weigh in on? Share your suggestions in the comments section below.

Hitting Launch Windows When Time to Market is Non-Negotiable


In a recently released research paper, Issue in Focus: Meeting Fixed Product Launch Windows analyst Jim Brown, Founder and President, Tech-Clarity, Inc., talks about how companies can use Product Portfolio Management (PPM) applications to hit timely product launch deadlines to improve new product development and overall performance. Conversations with product developers and the immediate interest in the paper revealed that he'd hit a nerve -- and has relevant solutions to share!

Product developers are very aware of the pressure organizations experience when challenged to meet fixed product launch windows. For example, consumer goods companies typically launch new product lines for the holidays or a particular buying season and, therefore, have pretty-much immovable deadlines. If a company misses the launch deadline, it may experience detrimental impacts to the business including a dead product, financial loss, and missed opportunity to achieve a competitive advantage -- not a good outcome for any product-driven organization.

I appreciate how Jim outlines some very specific steps you can take to improve your odds of hitting those windows. A few he outlines are:

  • Adopt a disciplined, end-to-end portfolio management process
  • Ruthlessly prioritize investments
  • Diligently balance plans with available resources
  • Manage risk and uncertainty and plan to fail (or succeed) early
  • Standardize execution processes, metrics, and deliverables

The report delves into more solutions -- not just the "what" but the "how", i.e., how do I prioritize, how do I most effectively manage my resources? Among the approaches discussed, he describes how PPM systems help support these steps.

Download the complete paper and discover ways to improve your new product development performance with a goal of hitting those launch windows. You can also view a popular on-demand webcast hosted by CGT and featuring Jim Brown of Tech-Clarity, Monica Alderson of Hallmark Cards and Carrie Nauyalis of Planview. Check back for our blog entry on this webcast -- a dynamic dialogue offering tested and true approaches for consistently hitting product launch windows.

I'd like to hear from you. I encourage you to read Jim's suggestions and share your feedback. What tips can you share with peers to help them consistently hit launch dates? Please respond by leaving a comment below.