Do you want to improve your R&D project selection and prioritization process?
Do you want your R&D to maximize the value of your business and be strategically aligned with your vision?
This seminar will help you master the essential principles to make it happen.

Training objectives

With this training, participants will be able to fully understand the strategic issues involved in managing the R&D project portfolio, which is an integral part of the company's innovation strategy.

They will learn how to evaluate, prioritize, and select R&D projects and how to allocate resources to ensure a balance between different factors or areas of analysis, in line with the innovation strategy.

They will also learn how to implement a simple but structured process to effectively manage the innovation project portfolio.

Target audience

- Executives and business leaders;
- Vice presidents, directors, and managers of R&D or innovation;
- Engineers and managers working in R&D or innovation.

Methodology

The training will consist mainly of dense, well-documented educational content (with relevant references), illustrated with concrete examples.

There will also be periods of reflection and discussion with participants.

Length

1 day, or 7.5 hours (spread over 1 day or more - flexible schedule).

Trainer

Ramez Zalat, Engineer, MBA – President, Manavue Inc. Has been advising companies for over 35 years on innovation and performance. Has also been teaching at Polytechnique Montréal for several years (lecturer in the bachelor's program and the HEC/Poly joint MBA program on innovation).

Topics covered

1. Innovation and its link to the company's vision, corporate strategy, and product and service strategy.

2. Innovation and R&D:
‍a. Definition and types of innovation
b. The leverage effect of innovation
c. Innovation as a driver of growth

‍3. Creating value through innovation: from idea generation to commercialization.

4. R&D project portfolio management as an integral part of innovation strategy
‍a. Strategic allocation of R&D resources

‍5. Strategic portfolio management – general overview:
‍a. Seeking a balance between three areas of analysis and risk management
b. The funnel effect in innovation
c. Issues related to portfolio management

6. The three areas of analysis in portfolio management:
‍a. Strategic alignment
b. Value maximization
c. Satisfaction of operational, financial, and commercial criteria

7. Risk analysis of R&D projects:
‍a. Different types of risks
b. Simple methods for assessing risks in R&D
c. Risk management

‍8. Evaluation, selection, and prioritization of R&D projects:
‍a. Common methods – advantages and limitations
b. Questions to ask
c. Allocating resources to R&D projects
d. Different projects, different approaches?

‍9. Reviewing the portfolio as a whole:
‍a. By whom, when, and how?

10. Portfolio management processes and how they tie in with the product development process.

Eligible under the mandatory continuing education regulations for Engineers (Règlement sur la formation continue obligatoire des ingénieurs).