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USE CASE > PORTFOLIO MANAGEMENT

From strategic vision to execution. Maximize return on innovation.

Use the ITONICS Innovation OS to develop, evaluate and track innovation portfolios and keep efforts focused as strategy evolves.

  • Identify initiatives with the most potential
  • Focus resource allocation
  • Standardize reporting and track results in real-time
ITONICS Software for Innovation Portfolio Management
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Why innovation portfolio management?

Innovation portfolio management is a framework for organizations to align their innovation resources and capabilities with strategic goals. It involves prioritizing initiatives, programs, and projects based on market developments, internal capabilities, and resources.

Strategic portfolio management enables your teams to identify gaps or redundancies in project pipelines, allocate resources according to changing business environments, and balance growth initiatives across the organization.

Pursue opportunities that hold the greatest potential

Start by using trends, technologies, ideas, and startups identified from "Where to Play" and "How to Win" phases in a matrix view to help establish the best strategic fit.

Examine new ideas and forms of value creation while also exploiting existing capabilities. Map, analyze, and qualify opportunities and projects to balance quick wins and moonshots. Move forward with initiatives that are most aligned with internal capabilities and business goals.

Identify portfolio synergies, gaps, or redundancies to optimize results.

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Ensure better transitions from ideas to implementation

Enrich selected opportunities with evidence from internal and external experts on one digital innovation platform. Link trends, technologies, and inspirations to strengthen concepts and bring all initiatives and projects into view on easy-to-use Kanban boards.

Define certain criteria, tasks, or deliverables that projects must go through to move to the next phase. Use workflows to standardize processes and improve project health and status transparency.

Calculate budgets and forecast the impact on projects. Allocate resources at the right time and manage the time-cost relationship of projects.

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Connect innovation initiatives and keep stakeholders informed

Innovation is not isolated to the R&D department. Expand it! Ensure your organization is not wasting efforts by focusing only on today's challenges. Connect innovation portfolios and aggregate project information to inform prioritization and align resources.

Manage your resources effectively. Use gap analysis and project monitoring to plan capacities and responsibilities in your company. Deep dive into project details and define KPIs for continued monitoring.

Integrate the opportunities brought by startups into your innovation process. Optimize investments and realize potential.

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Bring your innovation portfolios to life

Develop integrated project pipelines to execute innovation initiatives effectively. Monitor projects and sync efforts by organizing project activities on the ITONICS Roadmap.

Move projects to execution. Empower teams to adapt in an agile manner. Report on progress easily with transparent views on the status of projects and tasks.

ITONICS customer Fletcher Building maintains portfolios and roadmaps of more than 30 innovation leaders on the platform. Based on this, portfolio outcomes and future directions are discussed in decision meetings with the management board.

Learn more about ITONICS Roadmap

Invest in the most promising opportunities

Manage trends, technologies, ideas and innovation projects in one platform

One solution to bring all your innovation efforts together, enrich it collaboratively and evaluate it across different views.

Evaluations and ratings of trends and technologies

Customizable criteria enable team members and external experts to rate content in a way that combines collective knowledge.

Features for more collaboration in the ITONICS Innovation OS

Encourage team and stakeholder involvement with easy content sharing, collaborative ratings, and engagement features.

Matrix view feature - ITONICS Innovation OS

Analyze your innovation portfolio by evaluating risk and potential with matrix visualizations.

Dashboards and reporting - ITONICS Innovation OS

Easily export reports and results to keep everyone in the loop to enhance strategic decision-making

Dashboards for innovation management

Get quick status overviews on innovation initiatives and report on these easily.

Software and features for managing innovation portfolios

Connect portfolios with strategy and inform priorities through project workflows, boards, budget planning, and reporting.

Kanban boards for innovation projects

Track innovation projects using interactive Kanban boards. At team, business unit, or corporate level.

Roadmaps for innovation projects, technologies or products

Accelerate time-to-market with multilayer roadmaps. Align the efforts of different business units and execute your strategy.

Your digital toolbox for balanced portfolios

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A single point of truth to ensure balanced innovation portfolios

Read more on our unique, proven methodology that covers the following innovation questions: Where to Play, How to Win, and What to Execute.

Portfolio Management Process

Best-practice stories from true innovation rockstars

To market and innovation leadership in Australasia at Fletcher Building - Success Story

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How 30 innovation leaders manage their portfolios

The Fletcher Building Innovation Team is responsible for steering the innovation agenda across Fletcher Building. Supported by the ITONICS Innovation OS, the team is driving incubation, portfolio management, and strategic planning in line with strategic goals.

See how

Technology scouting to drive therapeutic innovation at Merz - Success Story

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How Merz is expanding its product portfolio

Since 2018, technology scouting has been supported by ITONICS‘ tools to more transparently gather and evaluate insights on activities in the business environment. This allows for informed decision-making to expand the company‘s portfolio.

See how

 

Innovation Rockstars Podcast Maria Mileder PayPal

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Enabling innovation at PayPal

Together with Maria Mileder, Global Head of Innovation at PayPal, we take a look into PayPal's innovation toolbox and learn that innovation has less to do with titles but more with cultural values.

Tune in

 

Know what's hot in innovation before others do

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Innovation Big Picture

The ITONICS end-to-end innovation approach in one picture: Where to Play, How to Win, What to Execute.
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ITONICS Portfolio

About our software tool for innovation portfolio management and agile strategy execution.
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