R&D portfolio management at major offshore wind developer
A major offshore wind developer sought to improve its Research and Development strategy and better leverage the R&D budget. They wanted a dynamic pipeline of offshore wind development projects that required a strategic yet flexible approach to manage the R&D projects.
Neal Analytics used portfolio management solutions to align R&D funding decisions with strategic goals better. We helped develop and manage the bi-annual portfolio planning process with senior management. Also, we developed a framework for evaluating the financial and strategic value of R&D projects.
The solution resulted in improved visibility of R&D projects across the development pipeline for the offshore wind developer. It resulted in improved alignment of tactical decision making in the technology R&D organization. The established consistent framework helped for the valuation of R&D projects spanning a full value chain of offshore wind.