The Biggest Challenges any Firm can Face in PLM Implementation

• Lack of strategic direction
•  Resource constraints (time and people)
•  Budget constraints
•  Our culture fears failure and/or the repercussions from failure
•  Cross-functional coordination
•  Lack management commitment and incentives
•  Limited enterprise systems integration
•  PLM payback opportunities are not clearly understood or measured
•  Executive sponsorship is missing or slipping
•  Culture and practice differences across business units
•  Lack of user involvement and training
• Poor support from chosen PLM solution and/or service provider
• Aligning R&D strategy with the organization’s long-term corporate strategy
• Building an effective technology roadmap
• Prioritizing innovation concepts
• Implementing an effective innovation portfolio management systems
• Finding viable new applications for existing products/capabilities
• Generating breakthrough innovation concepts
• Embedding the voice of the customer in the innovation process
• Measuring innovation performance (at the project and portfolio levels)

BR,

Anil