Intense competition, shorter product life-cycles, changing customer expectations, escalating development costs and rapidly changing technology trends are putting tremendous pressure on research and development organizations in industries ranging from Pharmaceuticals, and discrete Manufacturing to High Technology. The challenge is to effectively manage the product portfolio to maximize return on R&D investment.
Development organizations must maintain the ideal balance of product development investments, optimize the use of R&D resources, and manage project execution to deliver the right products to market at the right time for the right cost.
Ten Six can help you be more profitable by identifying, developing and filling market niches with new products faster than the competition while reducing costs through more efficient use of research and development resources. Comprising industry proven Portfolio and Project Management software and best practices together with a low-risk phased implementation approach, Ten Six can help you achieve rapid ROI.
Portfolio And Project Management for New Product Development Benefits
Ten Six can help product-based companies to rapidly achieve the following benefits:
- Align and prioritize all products based on business strategy to maximize your return on R&D investment.
- Maintain an optimum product pipeline by continuously analyzing, simulating and restructuring the product portfolio.
- Allocate resources amongst competing products to maximize performance.
- Improve visibility into the entire product life-cycle for more informed, real-time decisions.
- Reduce product cycle time and time to market by optimizing cross functional integration on projects.
- Ensure environmental, safety and regulatory compliance through standard methods and processes.
Organizations involved in developing new products face unique challenges and Ten Six has the capability, experience and track record to help you achieve success. Call Ten Six today to learn more about our Portfolio Management services!