Date: September 23 - 24, 2009
Location: Chicago, IL
In making portfolio decisions, are you struggling with:
Clearly, in the face of recessionary times, intense competition, scarce resources, and project uncertainty, selecting and managing projects and portfolios is a high risk activity. Having a consistent approach to evaluate project value and the impact of each project on the value of the portfolio is crucial.
This two-day intensive workshop will dispel common misconceptions about portfolio management and reinforce the importance of getting project evaluations right. The workshop will focus on systems and processes that enable you to identify and deal explicitly with key economic-value drivers and the uncertainties that impact value. You will learn how to provide the information managers and teams need to select high-value projects, kill losing projects early, allocate scarce resources, and create a balanced risk/reward portfolio.
President & CEO
Dr. Matheson has helped senior management of firms in the United States and Europe improve the value of R&D, product development, innovation, capital investment and strategy. His practical experience covers a wide variety of industries, including software development, biotechnology, telecommunications, chemicals, pharmaceuticals, manufacturing, electric power and entertainment. He is co-author of the best selling book, The Smart Organization: Creating Value through Strategic R&D (Harvard Business School Press). After a decade of consulting as a principal at the international consulting firm SDG, he co-founded SmartOrg in 2000. SmartOrg is a leading provider of Value-Based Management solutions – processes and software that optimize project and portfolio value. His Ph.D. is from Stanford University where he also teaches portfolio management classes in the Strategic Decision and Risk Management program.
Dr. Ward Peterson
Senior Vice President of Scientific Affairs and Strategic Interventions
Dr. Peterson has over ten years of experience in biotech and pharmaceutical R&D. He has authored peer-reviewed scientific journals, book chapters and review articles, and has presented on topics such as translational/preclinical research and drug discovery and development. He has a keen interest in using decision analysis tools in project and portfolio decision making. He spearheaded the implementation of value-based portfolio management approaches at Inspire by working with SmartOrg and Strategic Decisions Group, and has given presentations on this topic at various conferences, including INFORMS, Frost and Sullivan, Management Roundtable and Marcus Evans. He is currently Chair of Inspire’s Portfolio Management Board. Dr. Peterson received his Ph.D. at University of California, Berkeley.
By participating in this workshop, you will learn how to:
Day One: Wednesday, September 23, 2009
7:00am – 8:00am Registration and Continental Breakfast
8:00am – 8:30am Introductions and Course Overview
8:30am – 9:30am Principles of Good Portfolio Management
Review of key principles that drive successful portfolios:
Uncovering common misperceptions about portfolio management, including:
9:30am – 10:45am Portfolio Simulation
10:45am – 11:00am Refreshment Break
11:00am – Noon Case Presentation – Applying Value-based Management Principles
Ward Peterson, Senior Vice President of Scientific Affairs and Strategic Interventions, Inspire Pharmaceuticals
Noon – 1:00pm Lunch
1:00pm – 2:00pm Photofinish Case: Set-up
Throughout the course, attendees will participate in a case study to learn and apply a best
practice-based process for managing portfolio strategy. This first segment focuses on the Set-up Phase of the portfolio process.
Mapping your approach – determining how to address key questions including:
a.) What is the best unit of analysis for evaluating a portfolio?
b.) What standards do you use to compare projects?
c.) What are the sources of information?
d.) Who should be involved in the process
2:00pm – 3:30pm Project Evaluation
Achieving portfolio optimization requires credible and comparable project evaluation. Conventional approaches to business case analyses and managing uncertainty can lead companies astray. This session will prepare you to:
3:30pm – 3:45pm Refreshment Break
3:45pm – 5:15pm Photofinish Case: Project Evaluation
5:15pm – 5:30pm Q&A
Day Two Thursday, September 24, 2009
7:30am – 8:00am Continental Breakfast
8:00am – 8:15am Overview of Day Two
8:15am – 9:00am Project Evaluation (continued)
9:00am – 9:30am Photofinish Case: Project Evaluation
Continuation of case exercises on project evaluation.
9:30am – 10:45am Cross-Project Calibration
The calibration step is an essential knowledge-based activity to improve projects and ensure that they are comparable. It is often left out of portfolio processes because people want to drive to decisions quickly; this impatience only serves to slow down the process and reduces the chance that decisions will stick. This section will examine:
10:45am – 11:15am Refreshment Break
11:15am – Noon Photofinish Case: Cross-Project Calibration
Noon – 1:00pm Lunch
1:00pm – 1:45pm Portfolio Decision Making
Project prioritization is only one aspect of portfolio decision-making. This section will examine how to manage and reconcile competing objectives including: short- versus long-term investments, strategic goals and organizational politics. Topics will include:
1:45pm – 2:15pm Photofinish Case: Portfolio Decision Making
In small groups, participants will apply the key concepts outlined in the previous section to the Photofinish case.
2:15pm – 2:30pm Refreshment Break
2:30pm – 3:30pm Higher Level Portfolio Management Topics
Based on specific needs of the participants, Dr. Matheson will address topics for additional discussion, such as:
3:30pm – 4:30pm Gap Analysis and Action Planning
4:30pm Workshop Concludes
VPs and Directors of Product Development, R&D, Engineering, Marketing, Strategic Planning; Chief Technology Officers, and program managers.
NOTE: Attendance is limited to maximize your learning experience through team participation in exercises and cases and to enable active discussion with other participants and the instructor.
Workshop Fee: $1995/person. Fee includes program materials, luncheons, continental breakfast and refreshment breaks.
Dates/Schedule: The workshop will be held September 23 – 24, 2009. Registration and continental breakfast begins at 7:00am on Wednesday, September 23rd; the workshop commences at 8:00am and concludes at 4:30pm on Thursday, September 24th.
Location/Accommodations: The Hilton Suites, 198 East Delaware Place, Chicago, IL 60611.
Rate: $179 (limited block of rooms available – reserve rooms early). For reservations, please call 312.664.1100 and mention Management Roundtable.
No-Risk Guarantee: Your satisfaction is 100% guaranteed – money back or credit. If you are not satisfied with the quality of this program, let us know in writing and we will refund your entire registration fee.
Or register by phone:
Call 1-800-338-2223 or 781-891-8080 (9:00am - 5:30pm EST)
This session can be brought directly to your site. Benefits include:
Contact 781-891-8080 for more information and price quote.
Publication | Posted: 2008-08-01
Research | Posted: 2008-04-15
Research | Posted: 2008-02-01