Portfolio Approach Model
Provides the commercializer or customer of technology a method by which
to track the development and productionization of multiple technologies. Portfolio approach monitors the technologies progress
for meeting expectations with regard to benefits while understanding total
costs for transitioning the technology to the customer. It provides all parties with technical and
program information to make decisions regarding the adoption of a technology or
when to trigger a fall back plan if the technology cannot meet technical or business
requirements.
Useful for:
·
Technology Commercializer: Managing multiple technologies
at the same time with investment and business decision making considerations
for continued support or termination of commercialization
·
Technology Customer: Many technologies require for
new product insertion and have to have them all mature by a specific date
·
Incremental, evolutionary or revolutionary
technologies or innovation
·
Short or long (1-30 years) development and productionization
timelines
·
Sell directly to businesses or governments
·
Identifying tasks, activities, resources, and program
plan for development and productionization
·
Deeper, richer information generation and collection
for making informed decisions
Requires:
·
Domain knowledge of technology
·
Knowledge of development and productionization
within targeted industries
·
Decision making criteria