R&D Turns to PPM
Janis is an award-winning journalist and editor who has covered many industries beyond project management, including health care, financial services, higher education and retail sales.
As product development organizations with constrained resources aim to make the most of their product pipelines, they are turning to project portfolio management. And PPM vendors are taking note, adding specialized capabilities to their offerings.
Sometimes great ideas are hidden in plain sight. That’s just what R&D organizations are finding out as they adopt project portfolio management for product development. According to new data from Forrester Research Inc., more and more R&D organizations are coming to understand what many IT organizations already know. That is, PPM can help a team execute efficiently on those projects that are the most strategically valuable to the company overall.
In “It’s Time to Revisit PPM for Product Development,” Forrester Analyst Roy Wildeman details why product development executives are interested in PPM processes and tools.
“R&D organizations are viewing PPM as a must-do today compared with years past,” Wildeman says. “One pain point is difficulty in staffing projects. In product development, there is an overabundance of projects, but never enough resources to do them well. They are seeking clarity on resources and how to apply those resources as effectively as possible. The second pain point is having to assign project priority without having solid …
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