Adding to Accolade

Sopheon has developed NewPort Max, a product portfolio management module, to its Accolade new product development system. An automated version of the Stage-Gate process, Accolade provides a framework for new product development processes from inception to launch. Sopheon believes its combination of software applications, expert services and best-practices content provide significant product development efficiencies.

Says Andy Michuda, Sopheon's CEO, in a press release, "Experts in new product development say that there are two principal keys to success. The first is doing projects right, and the second is doing the right projects. Accolade's portfolio management module is all about doing the right projects.”

Through a combination of software applications, processes and supporting systems, NewPort Max is designed to facilitate a clear view of how an organization currently allocates its resources, providing executive decision makers with a mechanism for:

• more effectively aligning product development strategy with business strategy;

• ensuring that resource allocations will maximize the portfolio's value;

• understanding the current state of the portfolio and the strategic direction that it supports;

• conducting scenario testing; and

• performing analyses by product line, market, region and business unit.