PPM and innovation

Hina Taank
Programme and Projects Officer
Brunel University

 

 

Gartner Program and Portfolio Summit 2017 – Guest Keynote

Hina Taank was funded to attend this event as a 2017 UCISA bursary winner

This blog post refers to my personal views and the learning that I experienced from attending the Program and Portfolio Summit 2017.

Track: Agile Business Impacts: Emerging Roles, Rules and Risks
PPM Innovation for Product Management by Michelle Duerst, Gartner

I saw Michelle as being very passionate about the help that the Gartner analysts offer. Her talk touched, in depth, on several interesting areas:

  • Product Portfolio Management
  • Project Portfolio Management
  • Digital Product Life-cycle Management.

I have learnt that Product Portfolio Management (PPM) is essential in the manufacturing sector. The PPM indicates where the growth is in the business, which in turn, provides the decision makers with data and information to set the portfolio priorities.  In manufacturing, the organisation has a lot to lose if the product fails, for example, ‘New customer cost’, ‘Consumer trust’, ‘Signed contracts’ and ‘Promotions and recall’.

The Project Portfolio Management is goal/scope and time driven with dedicated resources, the outcome of which supports a service or a product.

Michelle noted that ‘Product PM Builds Upon Project PM Foundation’1. My understanding is that the Project Portfolio Management is the basis of Product Portfolio Management, each with the same goals.  Michelle highlighted these goals as: ‘Objective’, ‘Focus’ and ‘Users’2.

In my opinion these goals have similar paradigms but hold different context and Michelle explained the differences. The Digital Product life-cycle management incorporates both areas, the Product and Project Portfolio Management and importantly provides the granular reporting and regulatory governance.

I will be blogging on specific Summit sessions such as this one, but information on some of the other keynotes and events can be found here.

References 1 and 2:

Duerst, M, (2017, p.23), Gartner Program and Portfolio Management Summit 2017, Presentation: PPM Innovation for Product Management, Gartner, 12-13 June 2017

Full details on the presentation contents or how to contact the analysts can be obtained from Gartner, Inc directly.

Disclaimer:

Gartner does not endorse any vendor, product or service depicted in its research publications, and does not advise technology users to select only those vendors with the highest ratings or other designation. Gartner research publications consist of the opinions of Gartner’s research organization and should not be construed as statements of fact. Gartner disclaims all warranties, expressed or implied, with respect to this research, including any warranties of merchantability or fitness for a particular purpose.

Interested in applying for a UCISA bursary? Then visit UCISA Bursary Scheme.

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