Our Method
Our proprietary algorithms are embedded in our web-based tools. We use 3 main steps:
- Determine the value of all possible new product ideas to the firm
- Determine product requirements and firm constraints
- Show which new products should be developed and when
Project Scorer
We first help you understand the value of each possible new product. Most success factors fall under the below categories of information:
- Business Strategy Fit
- Leverage of Core Competencies
- Market Attractiveness
- Competitive Situation
- Technical Feasibility
- Financial Reward
Project Selector
We address:
- Product requirements (budget, engineers needed, etc.)
- Firm constraints (budget, engineers available, etc.)
- Ability to set product precedence (i.e., products that must be developed before others)
- Planning over different time periods (monthly, quarterly or yearly planning horizons)
Our tools go to work and provide you with:
- Which products to develop and when
- Results that maximize value for the new product development portfolio
- The best projects while staying within the budget
- Product development roadmaps for each period within the planning horizon
- A Sarbanes-Oxley compliance report