EDSER '05 Proceedings of the seventh international workshop on Economics-driven software engineering research
Proceedings of the 1st international workshop on Software development governance
Software multi-project resource scheduling: a comparative analysis
ICSP'08 Proceedings of the Software process, 2008 international conference on Making globally distributed software development a success story
SPI with lightweight software process modeling in a small software company
EuroSPI'07 Proceedings of the 14th European conference on Software Process Improvement
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Managing product development activities as an explicit portfolio is crucial to the long-term success of product-oriented software companies. Portfolio management has been studied in the field of new product development for over two decades, but existing approaches transfer poorly to small software companies due to contextual differences. Based on new product development and software engineering literature and three company cases, this paper presents an approach for implementing portfolio management in small, product-oriented software companies, along with initial experiences. The approach integrates portfolio management basics such as strategic alignment, portfolio balancing and go/kill/hold decision-making with modern, time-paced software development processes for the small company context. Our findings suggest that using the proposed approach increases awareness of what projects and other development activities are underway, and how these are resourced. It also helps in making informed decisions and trade-offs when necessary.