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What is Product Risk Framework?

The Product Risk Framework serves as a sophisticated business intelligence tool specifically crafted to aid product development teams in analyzing the risks, constraints, and uncertainties associated with new projects. Developed by Strategy 2 Market, this innovative solution is particularly beneficial for medium to large enterprises seeking to enhance their product development methodologies. Acting as a software resource for product creators, the Product Risk Frameworkâ„¢ allows for the efficient identification, evaluation, and prioritization of significant uncertainties and risks related to product ideas. By applying concepts from behavioral economics, it adeptly reveals uncertainties while tracking the effectiveness of risk mitigation efforts from conception through to product launch, thereby enhancing decision-making through superior data visualization techniques. Furthermore, the Product Risk Framework's receipt of a STEM I-Corp Grant from the National Science Foundation, with backing from the University of Chicago, emphasizes its groundbreaking contributions to the industry. This accolade not only highlights the framework's innovative aspects but also reinforces its importance in propelling advancements in product development strategies, demonstrating how it continuously evolves to meet the needs of its users.

What is Accolade?

Accolade's innovation management software provides business leaders with enhanced visibility into research and development, new product development efforts, and portfolio management decisions. Tailored for rapid implementation, robust security, and scalability, this software serves as a comprehensive repository for all innovation-related data. By utilizing Accolade, organizations can enhance their decision-making processes and enable their teams to be both strategic and adaptable in the face of evolving market conditions. Implementing methodologies such as Stage-Gate®, SAFe, or a hybrid approach can significantly accelerate time-to-market, thus improving overall operational efficiency. Sopheon further supports clients in overseeing their product strategies from inception to completion, ensuring alignment between business objectives and strategic direction. By focusing on smaller, more effective innovation investments, companies can maximize their returns. Additionally, leveraging data insights can effectively guide product and brand portfolio management to align with both immediate and future strategic priorities, while the portfolio mix remains flexible to adapt to changing plans. This dynamic approach allows businesses to stay competitive and responsive to market shifts.

Media

Media

Integrations Supported

Additional information not provided

Integrations Supported

Additional information not provided

API Availability

Has API

API Availability

Has API

Pricing Information

Pricing not provided.
Free Trial Offered?
Free Version

Pricing Information

Pricing not provided.
Free Trial Offered?
Free Version

Supported Platforms

SaaS
Android
iPhone
iPad
Windows
Mac
On-Prem
Chromebook
Linux

Supported Platforms

SaaS
Android
iPhone
iPad
Windows
Mac
On-Prem
Chromebook
Linux

Customer Service / Support

Standard Support
24 Hour Support
Web-Based Support

Customer Service / Support

Standard Support
24 Hour Support
Web-Based Support

Training Options

Documentation Hub
Webinars
Online Training
On-Site Training

Training Options

Documentation Hub
Webinars
Online Training
On-Site Training

Company Facts

Organization Name

Product Risk Framework

Company Location

United States

Company Website

www.productdevelopmentrisk.com

Company Facts

Organization Name

Sopheon

Company Location

Germany

Company Website

www.sopheon.com/software/

Categories and Features

Product Management

Collaboration
Feedback Collection
Idea Management
Milestone Tracking
Prioritization
Product Roadmapping
Release Management
Requirements Management
Resource Management
Workflow Management

Project Portfolio Management

Budget Management
Collaboration
Dashboard
Issue Management
Milestone Tracking
Portfolio Management
Project Planning
Requirements Management
Resource Management
Status Tracking
Task Management
Time & Expense Tracking

Risk Management

Alerts/Notifications
Auditing
Business Process Control
Compliance Management
Corrective Actions (CAPA)
Dashboard
Exceptions Management
IT Risk Management
Internal Controls Management
Legal Risk Management
Mobile Access
Operational Risk Management
Predictive Analytics
Reputation Risk Management
Response Management
Risk Assessment

Categories and Features

Product Lifecycle Management

Change Management
Compliance Management
Cost Tracking
Design Management
Document Management
Product Data Management
Project Management
Requirements Management
Supplier Management

Product Management

Collaboration
Feedback Collection
Idea Management
Milestone Tracking
Prioritization
Product Roadmapping
Release Management
Requirements Management
Resource Management
Workflow Management

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