PD-Trak Project Portfolio Management System

We have found that a project portfolio management such PD-Trak can significant improving the planning and execution of product development projects and better assure adherence to an organization’s stage/phase-gate process.  We have worked with a number of these types of systems in the past and found that PD-Trak is one of the most cost-effective and flexible tools out there for both large and small enterprises.  PD-Trak provides both management functions to plan and monitor projects as well as project execution functions.  Key functions of the system are:

Idea Management functions capture ideas for new products/improvements and related information and provides a simple evaluation system for a product manager or management team to use to evaluate which ideas to move forward with. Idea-Management
Portfolio planning and management functions provide a variety of ways to evaluate and rank projects and then test the feasibility of a proposed portfolio against resources and investment constraints.

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Project portfolio planning and management
Product development processes can be defined – phases, tasks and deliverables within a phase, responsibilities and document templates. Multiple processes can be defined such as ones for a new product, a simplified version for product upgrades or product line extensions, and one for technology or platform development.

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Product development process
Stage/phase-gate methodology is supported with defined requirements for each gate review, various performance measures to evaluate projects, gate review packages, and automated distribution.

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Stage / phase-gate
Project management capabilities for budgeting, scheduling and risk management are included.  PD-Trak provides scheduling tools or is integrated with Microsoft Project®.  These tools enable effective project planning and execution.

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Multi-project resource planning and resource management provides flexible options for planning project resources at a higher level or integrating detailed project plans with task level resource planning. The system provides flexible modeling of options and indicates when resources are available to start new projects for a Kanban approach.

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Multi-project resource planning
Resource and pipeline management tools monitor and manage the product pipeline – maximizing project throughput.  These tools provide visibility on the project flow and enable the establishment of a release rhythm as suggested by the theory of constraints and lean product development practices.

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Performance measurement and dashboard tools are provided at the project and portfolio level. Product development performance measurement

PD-Trak can be installed on your company’s own IT systems or used in the cloud.  DRM Associates is a PD-Trak agent.

For further information or a demo, contact Kenneth Crow at DRM Associates
Email: k.crow@npd-solutions.com