“Portfolio management is the art of developing and successfully managing a roadmap of innovation projects that will enable you to deliver your innovation strategy”

Portfolio management includes a number of key activities

Project status and progress reporting

Tracking the performance of innovation projects on predefined KPIs and targets

Stage gate decision making

Approving the transition to the next phase of the innovation process, which can also lead to stopping or pivoting the project

Resource allocation to innovation projects

Making sure your innovation projects have sufficient budget and the right people available

Only 33% of companies report the (financial) performance of innovations

RevelX IRB research shows that only 33% of the companies in our benchmark closely monitor the performance of innovation projects on well-defined metrics. Only 35% of the companies have solid financial business cases for their innovation projects. Only 39% of the companies in our benchmark quickly stop with projects that shows no viability and only scale the viable ones. So, there is a lot of room for improvement.

Investing in innovation portfolio management pays off

of low performers is good at innovation portfolio management

of the average performers is good at innovation portfolio management

of the high performers is good at innovation portfolio management

Recent Accenture research (2020) confirms that companies who govern innovation portfolio extensively delivered up to 2x revenue / value growth compared to those following an ad-hoc approach to portfolio management

Start improving your Innovation Portfolio Management now and double your return on innovation. At RevelX we have successfully developed two types of approaches to support you in improving your Innovation Portfolio

Who

Organizations that want to develop a new portfolio management process

How

  • Start from scratch with a ‘blank sheet of paper’ approach
  • Evaluate ‘lessons learned’ from the past, pitfalls to avoid and the successes to enhance
  • Get inspired by RevelX’ best practices, e.g, over 10 years of research, case studies in all sized of industries, metrics and tooling

Deliverables

New bespoke innovation portfolio process, including proper governance and decision making

Effort

2-3 days

Book Here

Who

Medium to High performing organizations at innovation portfolio management who want to optimize their current portfolio management activities

How

  • Will take your existing portfolio management process as a starting point
  • Compare your existing process with our benchmarks, culminating in suggestions and advice for improvement by reviewing the overall framework
  • Evaluate stage gate and discuss the objectives per stage, the criteria for passing gates, and the deliverables to be produced
  • Establish performance metrics to measure success
  • Compare innovation governance against our Growth Board best practice principles

Deliverables

New bespoke innovation portfolio process, including proper governance and decision making

Effort

2-3 days

Book Here

Tools

  • Innovation management
  • Innovation portfolio framework
  • Innovation funnel
  • Innovation performance metrics

  • Reporting structure
  • Stage-gate decision making model
  • Innovation governance

Innovation Portfolio Management Framework

Designing and strengthening your innovation portfolio makes a critical contribution to your overall innovation performance. Download here our Innovation Portfolio Management Framework.


Innovation Portfolio Management Playbook

This playbook to help you succeed in designing your innovation portfolio, managing your funnel, reporting on your innovation portfolio, and making stage-gate decisions.

"We were impressed by how quickly RevelX pin-pointed our blind spots and we were able to make major improvements thanks to their bold and thorough advice."

— Leanne van Almen & Martijn de Groot, Management Team, Radboudumc Health Innovation Labs

READ CASE STUDY

The added value of innovation portfolio management when well performed:

  • Alignment between strategy and your innovation pipeline
  • Balance portfolio between horizon 1, 2 and 3
  • Focus scarce resource on priority projects to maximize value creation
  • Create clarity for your innovation teams on what they need to do to make the next stage
  • Shorten the time to market by setting targets for stage gates
  • Less hobby horses and less dead horses in your portfolio
BOOK AN INTRODUCTION MEETING