Setting up the product portfolio management workspace
The product portfolio management template is a preconfigured workspace with which you can manage your product portfolio. You can create a workspace using this template and customize the workspace according to your requirements.
You might use this workspace to complete these activities:
▪ record ideas for new products and features
▪ increase the visibility of your products and projects
▪ align products with your strategy
▪ create product business cases, including product risks and financials
▪ analyze markets and your position in those markets
▪ create market plans
▪ understand your competition
▪ complete win or loss analyses to understand how your products are perceived and how to improve them
▪ plan the implementation of products
▪ define and manage the scope of a project
▪ review your product portfolio to support making informed investments
▪ increase the value of your product portfolio
▪ balance and monitor your product portfolio
▪ make objective decisions about replacing or retiring products.