As organizations proliferate agile practices across the organization and seek to gain business agility, rethinking Portfolio Management practices becomes essential. We have found that the scope of Portfolio Management is typically much larger than our clients anticipate.
Designing a Competitive Innovation Portfolio
In our Hard Yards Enterprise Portfolio Management course, we introduce the cohort to the concept of deliberately allocating resources for innovation while simultaneously managing expenses for operations, maintenance, and system infrastructure. The attached research briefing, published by the MIT Center for Information Systems Research on July 20, 2017, emphasizes that overall innovation spend is less important than allocating funds in an innovation portfolio according to the organization's desired business outcomes.