Task: Evaluate Components |
Provide additional information for each component and evaluate them from quantitative and qualitative points of view.
Disciplines: Product Portfolio Management Tasks Extends: Evaluate Components
Purpose
To ensure that the required information is available for each component and that components that do not meet minimum criteria are eliminated, so that only qualified components that add value are allowed to proceed through the portfolio selection process.
Relationships
Roles | Primary Performer: Portfolio Analyst | Additional Performers: Product Manager Product Portfolio Manager
Inputs | Mandatory: Component Description Components List | Optional: None
Outputs | Business Justification Components List
Main Description
Develop and capture the expected value contribution of each component in both quantitative and qualitative terms. The completion of this task might require several review cycles where additional information might be required from the idea or request initiator. Several predefined analysis techniques and portfolio measurements are used to ensure consistent and predictable evaluations of components, depending on the work pipeline that the component has been assigned to. During the evaluation process, consider the following dimensions to evaluate each component: Fit with business strategies and objectives Fit with product roadmap Fit with technology roadmap Financial and value contribution Compliance and regulatory imperatives Architectural and technical considerations Risk impact analysis Market forces and drivers A successful outcome of this task is a validated and qualified list of candidate components for inclusion in the portfolio. This list is used as input when selecting components to be included in the portfolio.
Steps
Review each component for completeness
Review and evaluate each component, several times if needed, before all information required for the component is identified and developed. Examples of information that is reviewed or added to the component are the following: scoring, technical feasibility, market opportunity, financial data, risk, and so on.
Analyze all components and produce recommendations
After the evaluation of each individual component, review them all together and compare them against each other for completeness and relevance. After all components have been evaluated individually and collectively, update the components list to recommend components to the selection process.
Key Considerations
The evaluation dimensions to be used (such as work pipelines) depend on the type of components being evaluated. See Work Pipeline for more information.
More Information
Concepts | Work Pipeline
© Copyright IBM Corp. 1987, 2009. All Rights Reserved.