NPD Jargon Buster: Balanced Portfolio

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A balanced portfolio is one where the proportion of product development projects in specific categories focuses on strategic priorities.

A balanced portfolio is one where the proportion of product development projects in specific categories focuses on strategic priorities. A balanced portfolio is one where the proportion of product development projects in specific categories focuses on strategic priorities.
Contents

If you're like most people, the word "portfolio" brings images of stocks and bonds. But in product development, a portfolio is a collection of projects that helps guide decision-making surrounding resource allocation. A balanced portfolio is one where the proportion of projects in specific categories focuses on strategic priorities. For example, this might mean that 60% of projects are focused on new product development while 40% are devoted to sustaining existing products. Or it could be that 80% of projects are focused on short-term goals, while 20% focus on longer-term objectives. The key is to make sure that the portfolio is evenly balanced across all categories to maximize chances for success.

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If you're like most people, the word "portfolio" brings images of stocks and bonds. But in product development, a portfolio is a collection of projects that helps guide decision-making surrounding resource allocation. A balanced portfolio is one where the proportion of projects in specific categories focuses on strategic priorities. For example, this might mean that 60% of projects are focused on new product development while 40% are devoted to sustaining existing products. Or it could be that 80% of projects are focused on short-term goals, while 20% focus on longer-term objectives. The key is to make sure that the portfolio is evenly balanced across all categories to maximize chances for success.

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Farm+Stable is a client of Innovolo, a product development as a service provider offering R&D teams globally extra capacity, capability, and momentum in their product development and obsolescence management projects. As a company that specializes in the development and engineering of products for the agriculture and construction industries, Farm+Stable has benefited from Innovolo's expertise in helping to bring new products to market quickly and efficiently. In particular, Farm+Stable has been able to rely on Innovolo's team of experienced engineers to help with the design and development of a new line of products that are designed to be more durable and longer-lasting than previous models. With Innovolo's help, Farm+Stable has been able to bring these new products to market in a timely manner, and they have been well-received by customers. Thanks to Innovolo's innovative product development solutions, Farm+Stable has been able to stay ahead of the competition and continue to grow their business.
Innovolo is a product development as a service provider. It offers R&D teams globally extra capacity, capability, and momentum in their product development and obsolescence management projects. Its services are used by clients in a variety of industries, including automotive, aerospace, consumer electronics, and medical devices. One of its clients is Kawneer, a leading manufacturer of aluminum products for the architectural and construction industries. Kawneer has been using Innovolo's services to help develop new products and to manage the obsolescence of its existing products. Thanks to Innovolo, Kawneer has been able to speed up its product development cycle and to reduce its costs. As a result, Kawneer has been able to bring new products to market faster and to better meet the needs of its customers.

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