Principles of Strategic Portfolio Management

How does your organization stack up relative to the six principles? How does your organization compare with others? Take this brief, confidential survey and find out where you stand and how you can add value to your innovation portfolio decision-making.

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Without the structure of an effective aligned decision forum by which to make joint strategic portfolio management decisions, players can find themselves in conflict with other players over competing ideas, or be driven by the desire to advance their own agendas.

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Value creation focus is a strategy by which all stakeholders involved in decision making answer a simple question: how does everything we do contribute to creating economic value for my organization?

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Credible, comparable evaluations allow every member of the team to view the importance of his/her contribution to creating value and to understand and accept decisions that may reject their pet projects when other projects can be shown to have higher value potential for the organization.

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By embracing uncertainty rather than fighting against it, we put ourselves in a better position to achieve successful outcomes.

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In essence, you want everyone who will be impacted by the outcome of your decision-making process to benefit from it. The more inclusive and collaborative experience that stakeholders have in the process, the more invested they'll be in implementing decisions and the more likely they'll engage in ensuring success.

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Strategic portfolio management is all about honest and open assessment and communication with a focus on creating the highest possible return on investments in R&D, new products and innovation.

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