1. Product strategy specifies:

•New product goals (e.g., sales from new products)

•Areas of focus (e.g., those markets and product areas that new products will be developed for)

•Relative priorities (e.g., the breakdown of R&D investment by market, product area & project type

2. Product development process

Has gates where go/kill decisions are made on individual projects and hence resources are allocated

3. Portfolio Review

Where the executive management periodically reviews all projects & determines: Do we have the right projects? Is this really how we want to spend our money?

•Stage/phase-gate evaluations are often the source of the information for portfolio evaluation and ranking

•Initial screening of project proposals for adequate business case & fit –rigor prevents expenditure of resources for less desirable projects

•Subsequent gate reviews insure resources are only applied to projects that fit the portfolio criteria and have a high priority

PD-Trak provides a modelling environment for portfolio and resource planning and management and portfolio tracking functions to assess current projects and their mix and balance.