Posted May 20, 2019 in Business Technology & Digital Transformation Strategies
Portfolio management plays a critical role in R&D management, as it structures a strategic process that allows management and R&D to make joint decisions that impact the range of R&D projects in the development funnel. The pooling of insights drives better decisions on the allocation of scarce technical resources based on the needs of the business and its capabilities. Portfolio management creates a dynamic capability to react purposefully to changes in the market, whether strategic, technological, or competitive. This requires clearly articulated projects that can link back to corporate strategy.