GenSight Gains Re-certification from Stage-gate Inc., the Worldwide Leader in Product Innovation Best Practices
Hampton, UK & Philadelphia, PA (PRWEB) July 17, 2013 -- GenSight, the world’s leading provider of Project Portfolio Management (PPM) software, has achieved Stage-Gate® Ready Version III Certification with the GenSight v8.4 platform. GenSight demonstrated its software system’s performance on over 115 mandatory and 97 optional criteria. This achievement includes demonstrating ability to automate process optimization and innovation strategy – new areas addressed with Stage-Gate’s latest version of evaluation criteria.
“Stage-Gate Ready Certification, Version III, requires participating software providers to demonstrate functionality that moves beyond the tactical execution of new product development”, says Scott J. Edgett, world renowned innovation expert and CEO of Stage-Gate International. “It addresses the business' need for visibility of their innovation program from the strategic, portfolio and project level, while addressing a level of analysis that supports the continuous improvement of enabling Stage-Gate innovation management processes.”
Michael Menard, Co-Founder and President North America states “Linking the portfolio selection to the organization’s strategy is a key component of the GenSight solution. I was pleased to see Version III certification criteria is consistent with the shift in business from the executional to the strategic.”
To gain the certification, GenSight undertook extensive capabilities testing against more than 200 innovation evaluation criteria. GenSight exceeded all criteria for Idea Management, Idea to Launch, Portfolio Management and especially excelled at Innovation Strategy Criteria, receiving 100% certification. Each of these areas is integral to Project Portfolio Management (PPM) for new products.
Forrester Research has recently addressed the need for innovation focused companies to move towards a strategic view of product development. “Innovative ideas wither on the vine without good plans and execution. When prioritization loses its link to business value, business leaders can (and will) behave parochially” states Margo Visitacion, Vice President Research.
GenSight was the first project portfolio management solution that successfully tied strategy to execution. For the last 18 years, GenSight’s customers such as GSK, Johnson & Johnson, Boston Scientific, Westinghouse Nuclear, Sun Chemical and British Telecom have been utilizing GenSight to manage their innovation portfolios and deliver innovations to market on-time and on-budget, driving top line growth.
About The GenSight Group
GenSight is the world’s leading project portfolio management (PPM) solution. The industry’s only complete platform to enable users to master the complexities of innovation by combining business process consulting, best-of-breed technology and change management. The GenSight approach guides users through the PPM process to ensure they’re investing in and efficiently executing the right projects to deliver organizations’ overall strategic objectives, by identifying critical factors. The flexibility of GenSight’s Stage-Gate® Ready Certified solution provides a completely integrated PPM platform with holistic visibility into the portfolio’s effect on innovation strategy … ensuring that the best products make it to market faster.
The company’s co-founders, David Munt and Mike Menard, have over 25 years’ experience of technology development and portfolio management, respectively. Mr. Munt’s experience includes a history of technology innovation in the areas of strategic planning and portfolio management. Mr. Menard was previously a senior executive at Johnson & Johnson and author of the industry leading book on portfolio management: A Fish in You Ear: The New Discipline of Project Portfolio Management.
About Stage-Gate Inc.
Stage-Gate International, a member company of the Product Development Institute, is mandated very specifically to enable product innovators to become better product innovators. Our international team of Product Innovation Experts and Consultants are mentored by Dr. Cooper and Dr. Edgett and understand the complex challenges organizations face. We help companies achieve product innovation through our world-class products and services.
Through its close working relationship with the Product Development Institute, Stage-Gate International has access to the world’s most comprehensive research into best practices in Product Innovation. This research has led to some of the most important discoveries in the innovation field; such as, Stage-Gate®, the NewProd™ Studies, and the concept of Portfolio Management.
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Jeremy Scully
jeremy(dot)scully(at)gensight(dot)com
916 955 9389
Jeremy Scully, http://www.gensight.com, +1 (916) 955-9389, [email protected]
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