CIMdata PLM Industry Summary Online Archive
22 January 2007
Product News
New UGS Product Portfolio Management Solution Helps Manufacturing Organizations Optimize Innovation and Maximize Business Growth
UGS Corp. announced Teamcenter for Portfolio Management, a new software offering designed to provide manufacturing companies with the portfolio planning and management tools they need to continuously ensure they are investing in the optimal mix of projects to maximize business growth. Teamcenter for Portfolio Management software - the first solution of its kind from a major PLM vendor - establishes the foundation for managing innovation by providing the tools needed to keep investment decisions aligned with company strategy, while making certain projects are properly resourced and budgeted.
Typically, companies use a variety of software tools for project and pipeline management. However, Product Portfolio Management (PPM) requires support for strategic decision making and product planning on a collaborative basis, along with optimization tools that can effectively identify the right mix of project investments. In contrast to PPM systems based on ERP software, Teamcenter for Portfolio Management incorporates a company's product and process knowledge into strategic decision making processes. By making PPM an integral part of the product lifecycle and considering input from all parts of the enterprise, companies can positively impact their business by ensuring that operational execution is truly aligned to strategic need.
Integrated approach; rich functionality
As an integrated module of its Teamcenter PLM solution, UGS' new Portfolio Management module is the first major solution to link strategic planning methodologies, such as portfolio management and program management, with the real-world parameters of an organization's operational execution capability for innovation. Its integration into a comprehensive PLM suite allows organizations to identify, prioritize and select the right innovation projects that best align with company strategy and that can be accomplished with available resources. As a result, companies can maximize profits by getting the right innovations to market faster and at a lower cost.
"Considering an enterprise's product and associated process knowledge are among its most important assets, it becomes obvious why its portfolio management function should be tightly integrated with its PLM system," said Chuck Grindstaff, executive vice president of Products, UGS. "By leveraging Teamcenter's industry-leading scalability and working in concert with its project and process management capabilities, Teamcenter for Portfolio Management is an invaluable tool for manufacturing companies trying to drive top line growth and transform their process of innovation. As a leader in the PLM industry, UGS is proud to be the only major PLM supplier with a solution for this critical business need."
By integrating portfolio management into its Teamcenter suite of solutions, UGS is demonstrating its commitment to provide measurable business growth through greater innovation, allowing customers to maximize value throughout all phases of the product lifecycle. Teamcenter for Portfolio Management includes a variety of features that enable companies to express their business strategy through their future products.
• Collaborative portfolio definition and management capabilities allow organizations to create and agree on enterprise-wide or divisional portfolios and strategy
• Strategic objective definition helps organizations clearly define and disseminate strategy
• Formal idea capture and consistent value scoring methodologies provide systematic capabilities to capture and assess program and project candidates
• Portfolio analysis and review capabilities help focus the organization onto the right ideas, initiatives, portfolios and projects
• Collaborative workflow and approval processes ensure involvement and buy-in of all participants
• Portfolio performance measurement, tracking and pipeline management helps set high level goals, focus operational performance and provide continuous, real time performance feedback
• Strategic planning linked to operational execution can be used to support business processes
• Open integration with key business systems (such as ERP, SCM and PLM) ensures key decisions are made based on up-to-date, accurate information
Articles, whitepapers and research on Portfolio Management can be downloaded from http://www.ugs.com .
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