Case Study 3: Technology Portfolio Development
Technology – Research and Development Portfolio Management
Technology development projects are the often strategic platforms for new products and processes, and thus are vital to the effectiveness or prosperity of institutions. The appropriate balance of basic research and fundamental knowledge-building projects are often overlooked because entities do not have a way to “value them”, employ processes to manage them, or utilize inconsistent approaches or evaluation criteria for project selection and focus. Loss of these kinds of projects if not managed properly leads to insufficient “pipelines” for innovative practices or products and potential loss of competitive advantage or effectiveness.
For this government client, Synthosys is developing information, gathering concepts and, custom tailored success criteria to assess, rate and eventually rank these technology projects in support of attainment of a balanced portfolio.
Identifying a “strategic buckets” approach to portfolio resources is deployed for projects to address both long and short term needs for this sector’s technology projects, and over time, strengthen the efforts to address this government sector’s long term goals to improve the quality of investments in research and technology development efforts.