Weekly Member Update - Monday, November 9, 2020


Don't miss our upcoming events:

 

TRACK Workshop: Financial Analysis for R&D

Who: Spencer Pugh
When: Wednesday December 02, 2020 1:00pm  4:00pm

This course is designed to provide an introduction to the different types of financial calculations that are used in innovation. In it, the participants will learn essential tools such as calculating net present value and decision-and-risk analysis as well as how to construct and analyze a financial business case.   Critical applications such sensitivity analysis, tornado diagrams, and real option analysis will be covered.  The course will feature practical illustrations based on the real-world experiences of the instructor.  The course will include hands-on break-out sessions that will give participants confidence in applying these concepts.   Upon completion, participants will quickly be able to develop and present financial analyses that will augment their technical and strategic work, thereby creating more value for their organizations. 

Who should attend this course:

The course is designed for both researchers who have recently assumed a team leadership role and for individual contributors who seeks to lead an innovation team in the future. It is designed for those who want to broaden their ability to develop and present innovation proposals by including compelling financial analyses.   It is also appropriate for an innovation team member who wants to develop a broader understanding of innovation financials.  This course can be viewed as a springboard to the participant’s professional advancement.

Who: Spencer Pugh

When: Wednesday December 09, 2020 1:00pm  4:00pm

This course is designed to provide an introduction to portfolio management in research and development. In it, the participants will learn about both the strategic and financial valuation of proposed projects – and multiple ways one might prioritize a list of projects.  Key concepts such as product pipelines, product life cycles, and product horizons will be covered.  Participants will learn the strengths and weaknesses of applying common metrics such as risk-adjusted net present value and internal rate of return.  This course will also cover the importance of matching one’s portfolio process to the culture of decision making at one’s company.   Participants will also learn scenario analysis and product roadmaps.
 
The course will feature practical illustrations based on the real-world experiences of the instructor.  The course will include hands-on break-out sessions that will give participants confidence in applying these concepts.   Note that this course will not use (nor advocate for) any specific commercially available portfolio management software. Upon completion, participants will quickly be able to participate in and lead portfolio planning activities that will augment their technical and strategic work, thereby creating more value for their organizations. 

Who should attend this course:

The course is designed for those in innovation functions or within businesses who have responsibility for developing and bringing to market new business concepts.  It is useful both for practitioners developing new business concepts and for those who manage the innovation function. This course covers a broad range of business issues and can be viewed as a springboard to the participant’s professional advancement.