R&D strategy and portfolio management best practices

Highlights

36 best practices of Research and Development on strategy and portfolio management
Pyramidal structure of 2 areas and 8 sub-areas, giving both a detailed and a consolidated view

Best practices are organised within the Wevalgo R&D strategy and portfolio management framework

Summary description

Strategy and roadmaps

• Innovation strategy: how is the strategy defined and with what level of detail? What are the objectives and plans for implementation?
• Technology and customer roadmaps: how are customer needs and new technologies anticipated and formalized in roadmaps? Are its roadmaps shared and made consistent?
• Standardisation and modularity: how are the different systems, components or parts standardised in order to reduce development times and costs (R&D of manufactured products or project engineering)?
• Standardisation of methods: how scientific methods (characterisation, formulation...) are standardised (scientific R&D; biology, chemistry...)?

Innovation portfolio

• Portfolio of ideas and projects: how are the different projects prioritized at each stage (idea, feasibility, project...)
• Ideation process: how are new ideas stimulated and managed?
• Intellectual property: how does R&D protect its inventions and monitor the patent market?
• Product portfolio: how the life cycle of products already on the market is analysed and used as an input for R&D?

Example of usage for evaluation

Perform a detailed evaluation of your R&D focused on strategy and portfolio management to:

• precisely understand Innovation strategy and portfolio management strengths and weaknesses through quantified data allowing internal and even external comparisons
• define new ways of working, trainings, or other improvement actions
• define targeted areas to monitor closely
• easily compare improvements and progress at different points in time