New-Product Portfolio Management with Agile Challenges and Solutions for Manufacturers Using Agile Development Methods

Overview: While Agile development approaches to physical products have allowed companies to respond more quickly to change and increase R&D productivity, implementing these approaches also poses new challenges for new-product portfolio management. When Agile and the traditional way of measuring, evaluating, and managing projects clash, companies must reassess how portfolios are managed, how go/kill and prioritization decisions are made, and how performance is measured. This article explores the new solutions and emerging challenges at the boundary between project and portfolio management and suggests tools and approaches to deal with these new challenges.