Resource and Portfolio Management
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.