The integration of ideation and project portfolio management — A key factor for sustainable success

Heising, Wilderich

doi:10.1016/j.ijproman.2012.01.014

Cited by 102 publications

(73 citation statements)

References 87 publications

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“…The FE model of Sandmeier et al (2004) include market and technology opportunities phase, product and business ideas phase, and draft concept of product and business plan phase. The management of the project portfolio is important rather than the management of a single project for competitive advantage, and the ideation portfolio management in FE and project success do impact each other (Heising, 2012;Kock et al, 2015).…”

Section: Review Of Front End Methodologies For Innovationmentioning

confidence: 99%

From ideation towards innovation: pillars of front-end in new product development

Kurt¹,

Üçler²,

Vayvay³

2017

Pressacademia

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Companies need to deliver innovative new products in order to compete in the global market successfully. Customer preferences as well technologies are highly dynamic that continuous ideation is required in the fuzzy Front End of product development, where suitable ideas have to be selected to initiate object innovation. The fuzzy Front End is mainly unorganized in companies, and there is a lack of a consistent taxonomy in the literature covering all aspects in the fuzzy Front End for successful product innovation. Consequently a model describing the pillars of the fuzzy Front End with respect to object innovation is synthesized here based on evidence from the industry supported by a systematic literature review, which shall support practitioners and researchers in the successful evaluation of innovation ideas.

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Section: Review Of Front End Methodologies For Innovationmentioning

confidence: 99%

From ideation towards innovation: pillars of front-end in new product development

Kurt¹,

Üçler²,

Vayvay³

2017

Pressacademia

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“…Generally, the main impact of the front-end will be a well-defined project selection output [38]. On the other hand, ideation efficiency is a critical factor for successful portfolio management [39]. Therefore, in the next section a case study as a model is presented in a higher level (national/international) that can realize the concept of integration of sustainability into project management.…”

Section: An Analysis Of Current Project Management Practices From Poimentioning

confidence: 99%

Decision Making Towards Integration of Sustainability Into Project Management; A Multilevel Theory Building Approach

Daneshpour

Takala

2017

Management and Production Engineering Review

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Accepted: 17 February 2017 In recent years project management has reached into a new paradigm because of integration of sustainability into the projects. The paper argues that multilevel approach is the key driver of successful sustainable project portfolio management. Hereby, this paper strives to underpin the theory and the logic behind the sustainable project management, while providing sustainable competitive advantages. Therefore, it develops an innovative multilevel framework, and analyses the current project management products and processes, and consequently presents a more holistic insight for the implementation of sustainability in project portfolio management.

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“…According to Martinsuo and Lehtonen [3] "The objective of project portfolio management [is] to maximize the value of the portfolio in terms of company objectives, to achieve a balance of projects in terms of strategically important parameters, or to ensure strategic direction of projects". Portfolio management also allows for an effective allocation of resources among on-going projects and helps to minimize competing for a small pool of resources [1]. A synthesis of the literature in the area reveals that effective portfolio management should include the following performance goals [1], [5], [6], [8], [9], [10], [11], [12].…”

Section: Product Portfolio Managementmentioning

confidence: 99%

“…Systematic structures and processes are required to select, prioritize and manage new projects in order to ensure that the right projects are chosen and that scarce resources are effectively distributed throughout the development lifecycle [1]. Portfolio management can be defined as a formalized method to select, support and manage a collection of projects that share and compete for the same resources and are carried out under the sponsorship or management of an organization [2], [3].…”

Section: Introductionmentioning

confidence: 99%

Product Portfolio Management: An Analysis of a Large Medical Device Company

O‘Connor

Cormican

2013

Product Lifecycle Management for Society

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Abstract. This paper focuses on product portfolio management in a large multinational medical device organization. The contribution of this research is to provide insights into the nature, composition and decision making processes of product portfolios in a real world setting. The research is important because portfolio management decisions have a significant impact and influence the performance at each stage in the product life cycle. Results of the study indicate that portfolio management is a complex process in general but particularly challenging when dealing with technology development projects or innovative new products as unchartered waters are difficult to assess. We found that there are challenges with transparency and that stakeholders need fact based and information driven decisions. There is a need for better up front planning and systems to guide the process. Consistent criteria should be used to select and prioritize projects to facilitate better comparative ranking and allow for balanced portfolios, as well better resource distribution. However we also found that these criteria may change depending on the stage in the lifecycle.

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The integration of ideation and project portfolio management — A key factor for sustainable success

Cited by 102 publications

References 87 publications

From ideation towards innovation: pillars of front-end in new product development

From ideation towards innovation: pillars of front-end in new product development

Decision Making Towards Integration of Sustainability Into Project Management; A Multilevel Theory Building Approach

Product Portfolio Management: An Analysis of a Large Medical Device Company

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