logologologo
  • Home
  • About
    • Contributors
    • Guide for contributors
  • Themes
    • Roadmapping
    • Open Innovation
    • Managing the R&D pipeline
    • Technology Strategy
    • Managing international R&D
    • Ideation and creativity in R&D
    • Impact of digital technologies
    • The resurgence of frugal innovation
    • Design Thinking
    • Penetrating the fog of Agile
    • China’s Belt and Road Initiative, a new model for Open Innovation
  • Tools
  • News
    • R&D Today newsletter archive
  • Resources
  • Papers
  • Case Studies
  • Events
  • R&D Conference
  • Contact
  • Home
  • About
    • Contributors
    • Guide for contributors
  • Themes
    • Roadmapping
    • Open Innovation
    • Managing the R&D pipeline
    • Technology Strategy
    • Managing international R&D
    • Ideation and creativity in R&D
    • Impact of digital technologies
    • The resurgence of frugal innovation
    • Design Thinking
    • Penetrating the fog of Agile
    • China’s Belt and Road Initiative, a new model for Open Innovation
  • Tools
  • News
    • R&D Today newsletter archive
  • Resources
  • Papers
  • Case Studies
  • Events
  • R&D Conference
  • Contact

The Pentathlon Framework – Selection & Prioritisation

2 3 4 1 5 3 > Selection &
prioritisation of ideas
A process is required for the selection and prioritisation
of ideas when incomplete information is available
Read More
2 3 4 1 5 Without risk you cannot have
game-changing innovation
The key to successful innovation is to fail fast at the front-end,
where the impact on the business can be managed.
The Pentathlon Framework can be used to describe a structured process
that removes the risk of failure as ideas progress through the 'Innovation Funnel'.
2 3 4 1 5
2 > Ideas Generation
Ideas generation is a response
to problems and challenges.
Read More
2 3 4 1 5 4 > Implementation
of ideas to market
Strong project management skills are needed
to move ideas from conception, through implementation
to market in an environment of high uncertainty.
Read More
2 3 4 1 5 1 > Strategy steers innovation
where it is most needed
An innovation strategy guides and influences ideas
selection and implementation, identifying the business priorities
and ensuring senior management buy-in at an early stage.
The strategy may recommend acquisition, a new supply chain or new skills.
Read More
2 3 4 1 5
5 > People & organisations
An enterprise culture is one that can manage the
tension between taking risks and minimising
failure as products and services near market.
Read More
THE PENTATHLON FRAMEWORK - click to read more 2 > IDEAS 3 > SELECTION 4 > IMPLEMENTATION 1 > STRATEGY 5 > PEOPLE refresh

Portfolio Management techniques

Managers face many challenges when deciding how to allocate resources to develop new ideas : –

  1. Intrinsic value – some projects are worth doing for themselves
  2. Right portfolio – there will be a set of projects that meet the overall needs of the organisation
  3. Retaining good people – some ideas will be rejected but it is important that the people behind them don’t take it personally.

One of our themes is about managing the R&D pipeline and it explores these issues further.

Below is one approach that is gaining interest.

Portfolio Management

Portfolio Management (PM) techniques are systematic ways of looking at a set of projects or activities or even business units, in order to reach an optimum balance between risks and returns, stability and growth, attractions and drawbacks in order to make the best use of usually limited resources.

In many organisations, the uncertainty surrounding individual projects leads them to place considerable emphasis on the development of a portfolio of activities which is aimed to balancing risk and reward in such a way as to reduce the overall uncertainty.

One useful approach to this task is to consider the innovation process from idea to implementation alongside certain variables, such as future cash flow projections and resource requirements.

Joe Tidd and John Bessant explore a number of  techniques specially suited for Portfolio Management at the strategic and operational level.

Read more:

Portfolio Management Tools, Joe Tidd and John Bessant, www.innovation-portal.info (John Wiley and Sons Ltd)

Recommended by Charlotte Stone, post by R&D Today admin

Articles relating to selection & prioritisation

Rapid prototyping

Which projects are most suited to an Agile approach?

  • By rnd-admin
  • on 17 November, 2021

A survey of companies attending STIM events through 2019 and 2020 showed that there is growing interest in the application of Agile project management processes. In discussions it was revealed that more guidance on the types of projects where...

Read more
Beyond Stage-Gate Dr Robert G Cooper

Accelerating new product development

  • By rnd-admin
  • on 17 November, 2021

"Now is the time to re-think the firm’s innovation process and methods," argues Robert G.Cooper, best known for the development of StageGate, a new product development process that is widely used by multinational organisations. In his recent paper “Accelerating...

Read more
Absorptive Capacity Audit

Absorptive Capacity Audit

  • By rnd-admin
  • on 27 September, 2021

Utilising this audit, the reader can assess the strengths and weaknesses in their ability to find, assimilate and use new knowledge to advantage - absorptive capacity.

Read more

Integrating sustainable value thinking into technology forecasting: a configurable toolset

  • By rnd-admin
  • on 21 July, 2020

Sustainable value gives longer term business return because it delivers the triple bottom line of economic, environmental and social value. However, current assessment methods are essentially audits and can only be used when every detail of an innovation are...

Read more
Effective decision-making in R&D - Biofilms

Effective decision-making in R&D: a case study using biofilms

  • By rnd-admin
  • on 25 June, 2020

Deciding which project to progress when the technologies and applications are diverse is a challenge that faces many innovation managers. In this guest blog Mark Richardson, CEO of the National Biofilms Innovation Centre, discusses how he resolved this problem...

Read more
Larry Schwartz

Choosing The Best Metric For Measuring The Effectiveness Of R&D

  • By rnd-admin
  • on 27 May, 2020

Measuring the effectiveness of R&D can be a challenge. Larry Schwartz led an IRI investigation to understand how managers define R&D effectiveness the metrics they use to measure it.

Read more
  • 1
  • 2
  • 3
  • …
  • 5
  • Next
Search R&D Today
Search
Generic filters
Exact matches only
Search in title
Search in content
Search in excerpt
Filter by Article Type
Papers
Events
Tools
Funding Articles
Case Studies
Resources
Opportunities
Theme Editor Blogs
Filter by Categories
Business model innovation
Ideation and creativity in R&D
Latest news
Managing international R&D
Managing technology platforms
Managing the R&D pipeline
Open innovation
Outsourcing R&D
Project valuation and selection
R&D strategy
Roadmapping
Stage gate processes
Technology intelligence
R&D Management Conference 2019
Have Your Say …

Have Your Say / Follow Us

R&D Today is the outreach site for the Research and Development Management Association, a charitable organisation that supports research, best practice and innovation.  www.radma.net

Click here to sign up to our newsletter, and click here to view our newsletter archive.

Copyright R&D Today 2020. All rights reserved.