Relating Portfolio Management to Strategy When asking small and medium enterprises about how they select their portfolio, it can be surprising to observe that the CEO’s intuition is a common “method” to select the projects in which they will invest. According to PDMA’s Body of Knowledge ...
TEI 311: Portfolio Management and the PDMA Body of Knowledge for Innovators and Product Managers Chad McAllister kHUB post date: January 18, 2021 Originally published: 2020 (The Everyday Innovator Podcast) Read time: 36 minutes Access the Podcast This is the next episode in the series on...
PDMA Body of Knowledge: Product Design & Development Tools Insights #1 Read time: 10 minutes The kHUB Curator Team members have each been assigned a BoK section to own. This includes seeking, editing and sharing content related to that section. The curators are also sharing their...
PDMA Body of Knowledge: Product Innovation Process Insights #1 Read time: 8 minutes The kHUB Curator Team members have each been assigned a BoK section to own. This includes seeking, editing and sharing content related to that section. The curators are also sharing their perspective of...
Portfolio Management Portfolio management ensures that the collection of product innovation projects is aligned with strategy and resource availability. Important considerations include: The types of projects to be included in the innovation portfolio The relationship of the product...
Strategy The organization’s vision, mission, values and goals articulate where it wants to go in the future. Strategy provides, at a high level, the approach, investments and initiatives for how to reach the goals. Strategy lies at the very heart of an organization's sustenance and growth. It...
Product Design and Development The product design process comprises three pivotal stages: conceptual design, embodiment design, and detailed design. It necessitates the integration of technical and industrial design principles to yield successful products. The process commences with the...
Product Innovation Process A structured and consistent Product Innovation Process provides an approach, which is commonly understood and accepted by the whole organization, for successfully and sustainably developing new products or making improvements to existing products. It is recognized as...
Market Research in Product Innovation Market research reduces uncertainty across the full product innovation cycle, from ideation through post launch evaluation. It includes both continuous tracking, such as monitoring trends and competitive dynamics, and project based research designed to...
Culture and Teams While strategy and process are essential to good product development and product management, these alone will not lead to the sustained success of the organization. People are ultimately what makes an organization successful. It is organization culture that provides the context...