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Message: <blockquote data-quote="tuanbusku" data-source="post: 7422647" data-attributes="member: 6953258">Lubrizol Utilizes software tools to support strategic investment Of all R&D resources.WITH HUNDREDS OF jobs Lubrizol Corp. had a consistent means to prioritize its mix of projects.>> <a href="http://juicerszones.com" target="_blank">[url]http://juicerszones.com</a>[/URL] The Wickliffe, Ohio, firm met that challenge by applying decision-support software tools to guide project and portfolio evaluation, and to supply a way to capture and convey changes in light of fresh information."One of the keys to a successful R&D program would be to Cut out the dogs early and fund the winners more thoroughly," says Steve DiBiase, vice president, R&D, of the almost $2 billion supplier of specialty compounds for fuels and lubricants, as well as systems for the transportation market. "Information technology allows our visitors to think more clearly, more profoundly, and more rapidly so we can assess the information we have to make these choices more intelligently." The research portfolio has been divided into three categories: Offensive/growth, defensive/protecting capability/competency development that is new, and existing business. To assess the potential value of individual projects and their match in the general portfolio, Lubrizol developed different business models for each category, together with criteria and weightings according to their strategic objectives. AliahThink decision support applications from Aliah Inc. Pittsburgh, has been selected to support growth of the models."AliahThink is a'group think' tool that allows us to Extract the wisdom and expertise from people's heads and build that in a form where we can make decisions," states DiBiase,The software takes a view of decision making. By Constantly prompting comparisons of one standard against another, the tool makes it possible for a business model to be constructed that contains both qualitative and quantitative inputs, ranked and weighted. >> <a href="https://medium.com/@bestmasticatingjuicer/how-to-choose-a-best-masticating-juicer-2401a47a8d55" target="_blank">[url]https://medium.com/@bestmasticatingjuicer/how-to-choose-a-best-masticating-juicer-2401a47a8d55</a>[/URL]"The tool enables hard inputs like financials to be Coupled with milder inputs such as match with business strategy, competitive intensity, competencies, and ability to make the most of distribution channels," says Walter Copan, director, research administration, in Lubrizol. "We've accommodated the resources for our own business process and civilization, and also the priorities of our company decisions."The software"makes decision making much more Consistent, with particular definition of inputs and traceability of decisions and results," says Copan.AliahThink also permits for reranking of projects and Business opportunities as the overall attractiveness of a business scenario changes or as new applicants are suggested for the portfolio. An R&D portfolio combination of offensive, defensive, and competency projects can be continuously balanced in a changing marketplace. 'The purpose would be to get a tool for functional and company managers to provide them the best chance of optimizing where we place our money and our people," continues Copan.Actual commercialization of ideas spawned in study and Modification of products for personal customers is powered by a stage/gate system called the product approval procedure. This procedure is supported by a workflow program tool, Action Works Metro from Action TechnologiesAlameda, Calif.. The tool manages all workflow of this stage/gate system around Lubrizol labs in the U.S., the united kingdom, and Japan, in addition to other service/testing suppliers worldwide. As projects move through their phases, the AliahThink-based business models can be implemented at gate testimonials to assess attractiveness of their projects compared with others in the portfolio or awaiting approval. For management purposes, the workflow tool generates reports concerning timing, strategic group, net present value, project phase, along with other standards, across the portfolio of projects.Lubrizol anticipates that organizational learning is going to be One significant benefit of getting captured so much information with the business-model and stage-gate-workflow tools.The company plans"to improve how we make decisions By capturing outputs and the inputs of each of the project choices, and to If there are trajectories that effective projects go through, determine Based on our evaluation of criteria through the project life cycle," says Copan.>> <a href="https://www.facebook.com/Bestmasticatingjuicers.zones" target="_blank">[url]https://www.facebook.com/Bestmasticatingjuicers.zones</a>[/URL]Lubrizol Utilizes software tools to support strategic investment Of all R&D resources.WITH HUNDREDS OF jobs Lubrizol Corp. had a consistent means to prioritize its mix of projects. The Wickliffe, Ohio, firm met that challenge by applying decision-support software tools to guide project and portfolio evaluation, and to supply a way to capture and convey changes in light of fresh information."One of the keys to a successful R&D program would be to Cut out the dogs early and fund the winners more thoroughly," says Steve DiBiase, vice president, R&D, of the almost $2 billion supplier of specialty compounds for fuels and lubricants, as well as systems for the transportation market. "Information technology allows our visitors to think more clearly, more profoundly, and more rapidly so we can assess the information we have to make these choices more intelligently." The research portfolio has been divided into three categories: Offensive/growth, defensive/protecting capability/competency development that is new, and existing business. To assess the potential value of individual projects and their match in the general portfolio, Lubrizol developed different business models for each category, together with criteria and weightings according to their strategic objectives. AliahThink decision support applications from Aliah Inc. Pittsburgh, has been selected to support growth of the models.[ATTACH]99310[/ATTACH]"AliahThink is a'group think' tool that allows us to Extract the wisdom and expertise from people's heads and build that in a form where we can make decisions," states DiBiase,The software takes a view of decision making. By Constantly prompting comparisons of one standard against another, the tool makes it possible for a business model to be constructed that contains both qualitative and quantitative inputs, ranked and weighted. "The tool enables hard inputs like financials to be Coupled with milder inputs such as match with business strategy, competitive intensity, competencies, and ability to make the most of distribution channels," says Walter Copan, director, research administration, in Lubrizol. "We've accommodated the resources for our own business process and civilization, and also the priorities of our company decisions."The software"makes decision making much more Consistent, with particular definition of inputs and traceability of decisions and results," says Copan.AliahThink also permits for reranking of projects and Business opportunities as the overall attractiveness of a business scenario changes or as new applicants are suggested for the portfolio. An R&D portfolio combination of offensive, defensive, and competency projects can be continuously balanced in a changing marketplace. 'The purpose would be to get a tool for functional and company managers to provide them the best chance of optimizing where we place our money and our people," continues Copan.Actual commercialization of ideas spawned in study and Modification of products for personal customers is powered by a stage/gate system called the product approval procedure. This procedure is supported by a workflow program tool, Action Works Metro from Action TechnologiesAlameda, Calif.. The tool manages all workflow of this stage/gate system around Lubrizol labs in the U.S., the united kingdom, and Japan, in addition to other service/testing suppliers worldwide. As projects move through their phases, the AliahThink-based business models can be implemented at gate testimonials to assess attractiveness of their projects compared with others in the portfolio or awaiting approval. For management purposes, the workflow tool generates reports concerning timing, strategic group, net present value, project phase, along with other standards, across the portfolio of projects.Lubrizol anticipates that organizational learning is going to be One significant benefit of getting captured so much information with the business-model and stage-gate-workflow tools.The company plans"to improve how we make decisions By capturing outputs and the inputs of each of the project choices, and to If there are trajectories that effective projects go through, determine Based on our evaluation of criteria through the project life cycle," says Copan.</blockquote>

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