Critical capabilities for Product Portfolio Management (PPM)
Align R&D Activities with Business Strategies
A Product PM tool will enable you to create a strategy hierarchy, to evaluate the alignment of new ideas to the highest-priority strategies, and to assess real-time performance against specific strategies. For example, Sciforma facilitates the selection process to ensure that investment levels in various portfolios support the strategies and priorities of the business.
Optimize Product Idea & Demand Management
Deploying a recognized Product PM solution such as Sciforma will simplify product ideation and selection and ultimately improve product success rate. Based on preconfigured constraints and criteria (that can be derived from current and past product performance), your Product Portfolio Management solution will automatically provide objective assessments of each and every idea across a number of dimensions (strategy alignment, cost and resource consumption, risk and probability of success, and more).
Leveraging Predictive Modeling for Insightful Portfolio Simulation
With Sciforma, you can easily visualize how changes affect timelines, resource availability, costs, revenues and consequently priorities and strategies. The simulation of multiple ‘what-if’ scenarios across one or several portfolios (including workload, budget, cash flow) makes it possible to assess the overall impact of various shifts across various domains and criteria; these simulations can be compared both against each other and against live products to maximize insights.
Optimize Resource Management & Capacity Planning
Sciforma’s resource management and capacity planning bridges product demand with product execution by optimizing the allocation of limited resources to achieve maximum delivery output and business value.
Ensure Best-in-class Project Management
A Product Portfolio Management tool with solid project management functionality will aggregate project data from multiple applications to offer a consolidated overview of activities and will provide a range of management features.
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Discover how organizations use Sciforma
Facilitating Better Priorization and Project Selection Decisions
A PPM Tool for Evaluation and Selection of Projects
Centralize All Project Data : Demand, Resource Requirements, and Availability
“Another purpose of increased resource visibility was to improve the project demand/intake process and project selection. Any demand that makes enough sense to evolve into a business case is submitted to the approval of a biannual strategic IT committee, created by the PMO team. This steering committee needed reliable data – whether projections or actuals – to perform trade-offs and prioritize projects against resource availability.”
“Upon joining Bioaster in 2013, Carole Leroy drew up specifications that would be used to identify a project and portfolio management (PPM) solution. The PPM tool would be used throughout multiple phases, beginning with the evaluation and selection of projects.”
“Aubert & Duval also needed a system to collect and consolidate project demand in order to anticipate resource needs and adjustments of in-flight and upcoming projects.”
PMO Manager - Aubert Duval