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So many decisions, more time than we thought. Barely Sufficient Portfolio Management Todd Little & Kent McDonald. The Problem(s). The Development Funnel. Evaluation and Selection. Development Projects. New Products /Services. Real Funnels: Group B. Quality. Control. Research. OEM.
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So many decisions, more time than we thought Barely Sufficient Portfolio Management Todd Little & Kent McDonald
The Development Funnel Evaluation and Selection Development Projects New Products /Services
Real Funnels: Group B Quality Control Research OEM Customer Cont. Marketing Engineering Strategic Planning
Real Funnels: Group C 1 1 / 2 – 2 y e a r s 2 – 3 8 – 1 2 m o n t h s h o u r s C e n t r a l R e s e a r c h N I H R E L A U N C H R e s i s t o r H E R E ( a b r a s i o n ; s l o w s leaky d o w n t h e f l o w ) L A U N C H H E R E T e c h P r o d ' n L o g S a l e s P r o d u c t " A " L o c a l I n p u t s C o m p e t i t o r B o o t B o a r d H e a t
Decisions, Decisions, Decisions What do we do? When do we do it? When do we decide?
Deciding Is Not a Once in a Lifetime Event • Knowledge Improves • Business Conditions Change • Project Conditions Change • Do You Know Why You Are Deciding Early?
Risks – Types of Uncertainty Cost/Time Uncertainty General Market Uncertainty Feature Acceptance Uncertainty
Purpose Alignment Model High Partner Differentiating Market Differentiating Who Cares? Parity Low High Low Mission Critical Purpose Does Not Equal Priority
Graphically - Before High Project Tracking Document Mgmt Document Edit Document Library Search EDGAR Integration Market Differentiating Low High Low Mission Critical
Graphically - After High Portal Document Edit Market Differentiating Project Tracking Document Mgmt Document Library Search EDGAR Integration Low High Low Mission Critical Result: Better product in half the time and 60% of the original cost
Example: Apple High New Product Design User Experience Content Distribution ATT Market Differentiating Other Software MS Office Intel Hardware Peripherals Low High Low Mission Critical
By the Book Gaming • Action • Infrastructure • Fantasy • You Betcha
Simulation • Get into teams • Choose a representative to the Portfolio Team • Prepare your case (25 minutes) • Pitch your case (20 minutes) • Break (finalize investment) • Simulate 2010 (20 minutes) • Revisit Investment Options (20 minutes) • Simulate 2011 (20 minutes) • Debrief (30 minutes)
Buy the Book:Stand Back and Deliver Todd Little • www.toddlittleweb.com • +1713.504.5365 • tlittle@lgc.com Kent McDonald • +1.515.229.6929 • kent@kentmcdonald.com