Compose, compare and optimize project portfolio alternatives from project outlines and plans.
A portfolio of high-value projects aligned with the organizational goals, based on solid business case input.
Project input data entry by the project owner or product specialist
Input of project properties, project planning (timing, staffing, costs), risks, and benefits (which markets are addressed and how)
Versioning of all input over time to incrementally capture new insights
High-level actuals to monitor progress
Integrated management of supporting documents and links
Annotation of inputs for capturing comments
Quick what-if updates for chosen key inputs
Business Innovation Model
Project partnering configurations (costs, resourcing, as well as revenues are shared with external partners)
Build-in support for initial and recurring revenues (with an installed base model)
Mix of external and internal funding
Goal Setting and Monitoring
Explicit definition of business goals and constraints, such as growth, profitability, maximum R&D costs, as well as non-financial targets such as sustainability improvements
Management of portfolio balance requirements across different dimensions (stages, type of innovation, markets, etc.)
Portfolio checks for contribution to these goals
Choice of optimization goals and automatic generation of optimal portfolio compositions within constraints.
Signalling of changes in optimal portfolio composition when project data changes
Interactive adjustment and combination of portfolio compositions
FLIGHTMAP offers powerful and relevant analyses of each project and of the full portfolio.
Address all what-if questions for the portfolio so consequences of decisions are clear.
Full financial analyses (P&L and cash flow), including the financial forecasts over time (of the business case)
Risk-adjusted financial analysis with proper inclusion of stage progress probabilities and launch success rate
Key performance indicators (KPI-s) per project based on (a combination of) the plan and the actuals
Analysis of value (NPV), strategic score, total cost, resourcing, and indicators for project status, data quality, project progress, and risk
Sensitivity analysis on each KPI to identify project improvement areas
Financial and Strategic Portfolio Analysis Model
Portfolio-level calculation of total financial and strategic impact
Analysis of future revenues, profits, costs, cash flows (and their components) for each portfolio composition
Strategic scoring mechanism for integrating strategic value in the portfolio analysis
Portfolio Resource Planning
Dynamic resource forecasting for each portfolio alternative with proper inclusion of stage progress probabilities
Interactive exploration of postponing projects, bringing in additional resources, and various partnering options
Real-time portfolio composition visualizations in X-Y bubble plot, funnel chart, roadmap
All resource and financial parameters over time (from revenue to cash flow)
Tabular overviews of all projects and their KPIs (with export to Excel)
Portfolio balance charts for determining contribution to value, costs, resourcing of individual projects and sub portfolios
Reporting and Exports
Standard user-defined export to Word, PowerPoint, and PDF document for project and portfolio inputs, analysis, and outputs
On-the-fly report construction during analysis
All numerical and financial analysis results export to Excel
Customizable document templates
On-going tracking of the status of running projects, to complement the planned input.
Include status of running projects as well as new proposals for integral portfolio-level decision making.
Funnel chart showing progress through stages and planned and actual risk reduction
Portfolio roadmap GANTT chart for quarterly planning
Earned value based progress monitoring for projects versus their planning and signals deviations for re planning
Project history over versions in X-Y bubble plot with development of cost, risk, and value over time
Use external market and logical developments as input for project and portfolio analysis.
Outside-in market and technology information is built into the decision-making process consistently.
Explicit management of market trends (market size, customer value and profitability) with portfolio impact of trends
Consistent analysis of all projects targeting the same market, including market segmentation and grouping>
Plug-in custom market model functionality for dedicated market logic
Technology roadmaps with forecasts of technology performance linked to product or service costs with impact of technology trends
Technology platform projects linking to derived projects
Plug-in custom technology functionality for dedicated algorithms
Assign partners to projects indicating their contribution
Manage partner data consistently across the portfolio
Impact modelling with scenarios across markets, technologies, and portfolios
FLIGHTMAP tracks data entry and verifies data quality
Decisions are based on information with a clear status and of sufficient quality.
Roles and authorisation
Project leader role: enters, updates, and owns project data, and analyses own project, assign rights to others for viewing or editing their project data
Portfolio manager role: owns (part of) the portfolio, analyses alternatives, and captures the decision (by approving projects), assign rights to others for viewing or editing their portfolio
General manager role: assigns portfolio managers to each portfolio
Analyst role: checks project data by means of project and portfolio analysis, can set status accordingly and create and manage alerts
Administrators manage the portal and the user accounts, users manage their own account settings (such as their password, e-mail notification, defaults)
Data Quality and Alerts
Interactive data quality checklist configuration for the analyst
Automatic data quality analysis and reporting
Built-in versatile alert mechanism to resolve data quality issues, remarks and actions
Workflow and Approvals
Customizable workflow and approval mechanism per project for each stage in the stage-gated process
Portfolio level approvals linking to budgeting process
Quick task overview per user for pending tasks in the workflow
Management of portfolio and project reviews (type, scope, frequency, and dates)
Data quality tracking for reviews during the preparation period
Administrator toolbox for default values, admin settings, user management
Extensive configuration options for terminology and KPI selection, business logic, and process flow