RTM - From Budget-Based to Strategy-Based Portfolio Management

OVERVIEW:  A case study shows a six-year timeline of how a life sciences company enhanced its R&D portfolio management process and, in doing so, improved its decision-making processes. The company aligned the portfolio with its long-term strategic objectives and shifted its focus from selecting the best projects to selecting the best set of projects that would meet the strategic objectives. Over the duration of the case study, the company made a number of signifi cant decisions based on the new approach, and the improved portfolio process is credited by the CEO and board of directors with playing a strong role in driving these decisions.  

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Volume 56, Issue 5, September-October 2013
Feature Article