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Accelerate the product portfolio evaluation process. Define new product evaluation criteria with powerful analytics. Enhance product proposals by securely collaborating with team members. Analyze each potential product investment against its costs, risks, and resource requirements. Use the following modern best practice to translate a steady stream of innovative ideas into a predictive, high-value product portfolio.
Use role-based dashboards to establish goals for your entire product portfolio. Set up evaluation metrics to determine whether objectives are being met.
Create as many scenarios as needed. Enable stakeholder contributions to product proposals via secure social networks.
Use embedded analytics to evaluate your product portfolio’s risk versus reward objectives based on cost, resource availability, and other factors.
Proactively manage product data and processes. Track budget, resources, and production schedules. Use role-based dashboards to analyze the impact of changes and make corrections.
Use analytics dashboards to compare scenarios and adjust funding based on a product’s potential to meet targeted objectives. Route the product portfolio for approval over secure social networks.