Practical Tools for Project Portfolio Management

Portfolio2For any size business that undertakes multiple simultaneous projects, the ability to manage the project portfolio is a constant struggle (1).  In particular, the portfolio over time tends to move to a higher state of disorder akin to the concept of entropy (2). Think about what happens at most companies, large and small: over time, more projects get started before existing projects are complete. Engineers are expected to work on not just one or two projects, which is ideal, but now must multi-task across multiple projects. On top of that, important customers demand new software features or enhancements to existing products, further diluting the focus on current projects. Statements like “every project seems to be late, never early”, “we always underestimate project cycle time” and “we constantly pull team members from a project to fix high priority customer requests” are common, especially in small to mid-sized firms. There are simply too many projects for too few resources, and the system grinds to halt.  Continue reading

Innovation Coach Workshop Philadelphia

Are you a small to mid-sized manufacturing company and concerned that how you currently manage innovation and new product development is not optimized to provide continued growth in revenue and earnings? Or do you want to explore ways to improve an existing process? Innovation Coach workshops offered by New Product Visions are unique 4-day group workshops focused on improving an existing new product development (NPD) process or implementing one for the first time.  Continue reading