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Resource and Portfolio Management

C2

Balance the new technology research portfolio in terms of opportunity, resources, risk, and focus areas to best serve the organization.

Improvement Planning

Practices-Outcomes-Metrics (POM)

Representative POMs are described for Resource and Portfolio Management at each level of maturity.

1Initial
  • Practice
    Rely on best endeavours of available personnel.
2Basic
  • Practice
    Assign resources for major RDE projects using a defined resource management process.
    Outcome
    A basic resource management process begins to emerge resulting in gaining improved benefit and efficiency gains from resources.
    Metric
    The # and % of RDE projects with a formal budget allocated.
3Intermediate
  • Practice
    Assign resources for all RDE projects using a defined resource management process.
    Outcome
    Improvement in achievement of objectives for all RDE projects.
    Metrics
    • The # and % of RDE projects with a formal budget allocated.
    • The # and % of RDE project proposals that result in successful outcomes (hit rate).
4Advanced
  • Practice
    Seek business sponsorship/funding for all large RDE projects.
    Outcome
    Enhances business buy-in for large RDE projects and RDE activity is better aligned with business goals.
    Metric
    The # and % of stakeholders with input into RDE budget allocation decisions who are business personnel.
5Optimized
  • Practice
    Implement regular reviews of RDE resource allocation decisions, taking external factors such as changes in the market or general business environment into account.
    Outcome
    Lessons learned from reviews inform subsequent resource allocation decisions.
    Metric
    The # of reviews of RDE budget allocation decisions.