The best product portfolio management tools for innovation

Adopting product portfolio management can help businesses avoid challenges such as a shortage of project transparency and uneven distribution of resources. The ideal product portfolio management system includes risk and problem logs, productivity indexes, reliable gateways, road-mapping, and timelines, among other things. By using a product portfolio management tool, businesses can reduce costs, manage risks, increase income, minimize time to market, and improve productivity. In terms of innovation, product portfolio management tools allow product development experts to guide new products from conception to commercialization while ensuring that the correct ideas, initiatives, and resources are being utilized. The article lists some of the best product portfolio management tools currently available on the market, including Accept Mission, Monday.com, Aha!, ProdPad, Propel, ProductPlan, Craft, Oracle PLM Cloud, Workfront, and ProductBoard.com.