Technology portfolio analysis is a useful management tool for technology identification and evaluation inside the organisation. It allows projects prioritisation and strategic innovations in order to optimise performance with the less risk. There are many tools for this purpose.
Actually, they must be able to identify organisation’s fundamental and derived technology products or services, paying special attention to elements such as: capacities, maturity or TRL indicators, intangible assets such as intellectual property registers, investments needed, potentially substitute technologies, trends and foreseeable benefits. For this, technology intelligence plays an essential role, especially reports and sector bulletins products.
In general, strategic planning processes allow the generation of decision matrices, that makes possible to evaluate different performance options and select in a weighted way the one with the best success assurance. In addition, they offer results in a visual way, through graphs and tables with several comparable options.