Product Portfolio Management for New Product Development

This guide discusses the integration of product portfolio management (PPM) within the new product development (NPD) process to enhance innovation and efficiency. It outlines how effective PPM aligns business objectives with NPD, ensuring that resources such as time, money, and talent are allocated to the highest value initiatives. The document details the importance of structured NPD processes, which traditionally utilize the Stage-Gate® model for tangible product development, and highlights the emergence of Agile methodologies in software development. Additionally, it emphasizes the critical role of resource management in advancing NPD projects by ensuring the right talent is available at the right time. The guide also covers the significance of product roadmapping as a strategic tool that visually represents milestones and product targets, facilitating informed decision-making. Overall, the document presents a comprehensive framework for organizations aiming to improve their product development capabilities and achieve faster commercialization of new products.