Working With the PD-Trak Project Portfolio Management System

The detailed functions of our new product development management system are described in this typical workflow sequence below, from idea to product launch.

Working With the PD-Trak Project Portfolio Management System

How it Works

1. Define the product development process.

2. Submit ideas for new products, services or technology.

3. Screen ideas for further investigation.

4. Create project to investigate ideas; define the project.

5. Develop a project budget.

6. Develop a business case for the new product.

7. Evaluate and score projects.

8. Conduct initial Phase / Stage – Gate review.

9. Plan a proposed project portfolio.

10. Check balance and mix of projects.

11. Check the portfolio feasibility with resources.

12. Check the financial feasibility of the portfolio.

13. Monitor resources to determine availability to launch project.

14. Assign team members.

15. Perform detailed project planning.

16. Assess and manage risk.

17. Execute tasks; prepare and manage documents.

18. Use product development tools.

19. Monitor project costs and cash flow.

20. Monitor project performance.

21. Conduct Phase / Stage – Gate reviews.

22. Monitor project pipeline.

23. Launch product; monitor results.