Relationship Enables Delivery of Best-In-Class Portfolio Management Solutions Linked to High Performance Project Execution
Using Framework's highly-configurable ActiveProduct(TM) solution suite software, Integral can automate the time-consuming tasks of creating and maintaining graphical analyses of product development activity and commitments in a variety of strategic scenarios. Consultants and clients will be able to quickly input relevant project portfolio information-such as resource commitments, strategic fit, risk assessments and market projections -- into adaptable templates that display key dimensions through a rich variety of "lens" views. Because ActivePortfolio provides access to critical information, managers are able to rapidly evaluate opportunities in the context of all their other commitments with an objective apples-to-apples comparison.
"With ActivePortfolio, time-intensive custom software development and burdensome maintenance overhead have all been eliminated. Consulting engagements are now expedited through the elimination of a previously lengthy preamble -- allowing us to quickly turn our attention to what clients really want -- expert counsel on how to turn their product portfolio into their most strategic asset," said Integral Director Brian Gorin. "Having surveyed other offerings from various portfolio management vendors, we turned to Framework. We were attracted by the software's ability to adapt to clients' own management processes as opposed to forcing compliance to an externally imposed structure. The intuitive nature of their software -- critical for us since our consultants are not IT professionals -- and Frameworks' ability to do rapid deployment means we can start adding value within hours, not weeks."
Framework and Integral have already collaborated with a Fortune 100 company that produces power transmission drives to create a business process for continuous assessment of their product portfolio and track the associated project activities. The results have been substantially greater contributions of new, higher-margin products to annual sales. Forecasts carry greater integrity and new products reach the market faster with less re-work.
Framework and Integral look forward to building upon their success as companies increasingly recognize the importance of portfolio management as the key enabler of their growth strategy. Recent analyst reports have documented the growing demand for portfolio management software products and the anticipation of a continuing trend.
"New application categories, like Portfolio Management and Customer Needs Management lent some strength to software sales with growth of 32% and 57%, respectively," said Kevin O'Marah, Vice President and Research Fellow, AMR Research, in a July 2002 report entitled The Product Lifecycle Management Applications Report, 2001-2006. The report also notes that while the revenue forecast for portfolio management applications in 2002 is $654 million, by 2005, revenues are expected to grow to $1.4 billion.
"Integral's keen understanding of what companies need in terms of portfolio management solutions is unique in this industry. Together with Integral, we look forward to helping companies achieve the full promise of product portfolio management," said Donald Tomkinson, President and CEO of Framework Technologies. "Additionally, we are confident that our partnership with Integral will not only extend Framework's reach, but make our product roadmap even stronger."
About Framework Technologies
Framework Technologies is a leader in project execution decision support software, helping companies in the manufacturing markets focus on the key projects paramount to achieving growth objectives. Framework's ActiveProduct solution focuses on the early phase of the product lifecycle, from ideation to market introduction, and helps Fortune 1000 manufacturers like Moen, GE Plastics and Timex introduce the right products at the right time and at the right cost. For further details please visit http://www.frametech.com/.
About Integral and Analysis Group
Integral, Inc. is the management consulting subsidiary of Analysis Group, Inc. Analysis Group provides economic, financial and business strategy consulting to law firms, corporations and government agencies. We assist law firms with all aspects of litigation, including pretrial discovery, development of economic and financial models, company and asset valuations, preparation of testimony, and critique of opposing experts. We advise corporate and government clients on a range of business issues that require expert interpretation of economic and financial data, including financial planning, tax and transfer pricing issues, cost-effectiveness analyses, market analyses, and evaluation of mergers and acquisitions. We also help organizations create strategies for growth by analyzing market dynamics and organizational capabilities, enhancing innovation in current products and services, and identifying new market opportunities. For more information, please visit http://www.integral-inc.com/.
Press Contacts: Rachael Diana Kevin O'Leary Greenough Communications Framework Technologies (617) 275-6549 (781) 270-6554 Email Contact Email Contact