Category: Portfolio Management

Precision step gauge, four machined stages, brass datum pin at stage transition, cold steel-bright raking light.

When a product changes lifecycle stage

A product’s move to its next lifecycle stage is an investment decision taken on evidence at the quarterly portfolio review. Drawing on Chapter 6 of Evolve, ZXM sets out the signals for each transition, what changes in the funding, and who decides.

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Portfolio sequencing diagram illustrating CD3 โ€” Cost of Delay divided by Duration โ€” with seven products ranked by value per week of team capacity

Cost of Delay Divided by Duration (CD3)

Cost of Delay Divided by Duration (CD3) sequences portfolio investment by the rate of value creation, not absolute value. Appendix C of Evolve demonstrates a US$4.6 million difference between CD3 and Cost of Delay sequencing, attributable entirely to sequence order.

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Four precision gauges in a row on a brushed steel panel, each needle at a different reading, the second gauge ringed in bronze.

EBM Portfolio Dashboard: What to Measure and How to Interpret It

The EBM portfolio dashboard structures portfolio investment decisions across four empirical measures: Current Value, Unrealised Value, Time to Market, and Ability to Innovate. This page specifies what data to collect, at what frequency, and how to interpret each measure for defensible, consistent, and reversible decisions.

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Precision brass globe valve disassembled on steel surface plate, slate-blue ground, warm brass reveals internal flow mechanism.

Moving from stage-gate approval to continuous portfolio investment

The shift from stage-gate approval to continuous portfolio steering requires an accounting policy decision before governance structures can follow. Seven implementation steps โ€” from AASB 138 capitalisation policy through to the investment hypothesis and decision record โ€” give the programme office and CFO a complete transition path.

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